Top 10 – Best Mid Cap Stocks to Buy for Long Term in India 2023

There are people who keep on asking which is the best mid cap stocks to buy and hold or best mid cap stocks for long term investment in India 2023. As mostly everyone is only aware of it that top mid cap stocks with highest upside potential in India 2023 gives higher returns then large cap stocks.

Here in this article we have focused to guide you towards what are mid cap stocks meaning along with top 10 midcap stocks in India for 2023. Along with this we are providing you a list of best mid cap stocks with big potential in India 2023, which will assist you in your research for picking, holding, selling or buying best mid cap companies stock in India. After reading this article you will be in position to take your own decision that are best mid cap stocks to buy for long term in 2023 or short term in 2023 or invest in mid cap stocks to buy and hold for long term.

Table of Contents

Mid Cap Stock Definition

What are Mid Cap Stocks? In India, where the capitalization is neither too high nor too low, we categorize the same as a mid cap stock. For example: Pfizer, Indiabulls Housing, Vardhman Textiles, Aarti Inds, Avanti Feeds, Tata Elxsi, etc. are altogether known as mid cap stocks. These stocks have a tendency to have larger instability, volatility when compared with large cap stocks. Their stocks move faster during bullish or bearish market trends with higher risk along with them.

Mid cap stocks means those stocks whose market capitalization is between INR 50 Billion and INR 100 Billion. Mid caps stocks capitalization is between the range of small cap stocks and large cap stocks. These mid cap companies stocks are moderately risky as compared to large cap and less risky than small cap companies. When any investor invests in mid caps stocks for long term investments, he might invest in a company which can leave or go bankrupt. In general terms, mid cap stocks can bring you higher returns as compared to large cap stocks.

Top 10 – Top Mid Cap Stocks to Buy for Long Term 2023

When we say best mid cap stocks for long term investment, It is advised to consider that one should select best mid cap stocks to buy and hold for not more than 3 to 5 years. The list provided below is based on EPS Ratio (Earnings Per Share Ratio) from highest to lowest along with Profit Earning Ratio (P/E Ratio) and P/BV (Price to Book Value Ratio).

This list will be very helpful when analyzing best mid cap stocks with high EPS and low P E 2023. You should consider reading EPS ratio with examples and P/E ratio with examples.

Your research, knowledge, talent will guide you in picking top small cap stocks with highest upside potential in India 2023. Apart from this you should also grab skills for technical analysis, charting skills and fundamental analysis of companies stocks to guide you in selecting Indian mid cap stocks with big potential.

Here we are going to see the top best Indian mid cap stocks with highest upside potential and growth potential. This assist you to short list from best 10 midcap stocks for long-term investors. This should not be considered as mid cap stock recommendations. But this will be helpful while research best mid cap stocks with high EPS and low P/E ratio to figure out the better with your market skills and techniques.

Sr.	Company Name	BV (Rs)	Intrinsic Value (Rs)	P/E Ratio	EPS	1-Year Return (%)
1	Rajratan Global Wire Limited	67.16	429.00	47.72	26.97	220.19
2	Jindal Worldwide Limited	26.71	125.78	42.90	6.58	209.08
3	Shoppers Stop Limited	6.93	20.23	140.28	7.37	200.54
4	Raymond Limited	354.36	640.72	12.70	74.77	174.29
5	Maharashtra Seamless Limited	551.74	1,832.53	12.91	65.32	169.37
6	Bharat Dynamics Limited	165.35	370.12	29.59	30.59	140.91
7	Elgi Equipments Limited	32.94	98.60	74.24	6.79	131.94
8	Welspun Corp Limited	169.70	224.11	20.00	14.22	117.72
9	Deepak Fertilizers and Petrochemicals Corporation Ltd	320.85	1,148.79	10.95	82.47	116.36
10	Tata Investment Corporation Limited	3,860.61	1,223.90	55.59	48.50	114.14

Note: Values and Ratios are based on January 2023 data. This list will assist you in your research like: stocks with high EPS ratio, stocks with low P/E ratio, stocks with high EPS and low PE ratio in 2023.

Top 50 – Best Mid Cap Stocks for 2023 with Big Potential

We are presenting here mid cap companies list which will assist you in your deep research. From the list of best mid cap companies you can choose which is best suitable for your portfolio.

Below list of Top 50 Best Mid Cap Stocks for 2023. This list does not includes “Top Mid Cap Stocks to Buy” which is mentioned above.

Sr.	Company Name	BV (Rs)	Intrinsic Value (Rs)	P/E Ratio	EPS	1-Year Return (%)
1	Fertilizers and Chemicals Travancore Limited	2.93	45.18	14.65	6.96	0.37
2	Network18 Media & Investments Limited	7.21	27.11	30.03	1.86	33.57
3	Jaiprakash Power Ventures Limited	9.61	6.22	16.15	0.50	90.59
4	Mahindra Holidays & Resorts India Limited	12.45	26.45	52.58	5.92	20.91
5	Hindustan Copper Limited	19.76	32.11	29.09	3.98	3.79
6	HFCL Limited	20.33	49.10	36.82	2.05	5.08
7	Bank of Maharashtra	20.89	18.60	9.17	2.07	1.08
8	Brightcom Group Limited	26.24	64.13	6.82	5.84	42.34
9	Prism Johnson Limited	26.28	30.45	267.96	1.72	12.96
10	Triveni Turbine Limited	26.49	80.47	53.66	8.68	76.53
11	BLS International Services Limited	27.81	61.33	47.28	5.93	98.29
12	TV18 Broadcast Limited	27.88	64.66	12.97	3.02	5.03
13	Westlife Development Ltd	29.64	58.80	192.10	3.55	22.45
14	Rail Vikas Nigam Limited	30.68	118.44	5.75	5.99	11.40
15	SJVN Limited	33.51	38.07	10.05	3.20	18.17
16	Jyothy Labs Limited	39.31	66.36	40.62	4.61	8.22
17	VIP Industries Limited	39.56	126.38	76.86	9.44	34.06
18	Mangalore Refinery and Petrochemicals Limited	41.06	160.72	2.02	34.57	60.97
19	EIH Limited	48.40	22.06	323.28	1.26	65.57
20	Praj Industries Limited	49.86	146.90	42.90	9.22	15.03
21	Minda Corporation Limited	55.47	131.94	25.35	9.92	70.87
22	IDFC Limited	55.92	45.13	14.95	4.55	23.85
23	BOROSIL RENEWABLES LIMITED	60.21	232.62	47.77	12.00	87.74
24	Aegis Logistics Limited	62.10	212.96	25.08	11.23	17.38
25	Century Plyboards (India) Limited	70.06	224.51	39.16	16.83	57.06
26	Rashtriya Chemicals and Fertilizers Limited	70.36	125.89	7.31	14.40	42.58
27	Saregama India Limited	71.38	280.28	44.06	8.83	3.41
28	Aster DM Healthcare Limited	71.65	146.06	23.12	11.01	16.67
29	Asahi India Glass Limited	72.50	192.18	36.27	17.13	69.03
30	Narayana Hrudayalaya Ltd.	72.91	253.50	38.23	18.41	31.94
31	Apollo Tricoat Tubes Limited	73.03	797.10	51.07	20.17	22.38
32	VRL Logistics Limited	73.76	198.93	26.61	24.40	91.91
33	Redington (India) Limited	74.03	229.94	8.87	17.39	9.92
34	Triveni Engineering & Industries Limited	79.12	148.45	16.68	16.47	71.53
35	City Union Bank Limited	89.05	102.79	16.70	10.99	20.31
36	Gujarat Ambuja Exports Limited	92.76	205.92	13.62	20.76	57.29
37	CCL Products (India) Limited	94.02	214.44	32.76	16.03	32.99
38	Olectra Greentech Limited	94.70	188.04	98.89	6.17	57.70
39	Karur Vysya Bank Limited	94.95	86.80	8.69	9.92	77.17
40	NLC India Limited	102.33	97.29	8.03	9.42	34.18
41	RITES Limited	103.56	531.77	12.32	24.22	7.01
42	Granules India Limited	104.29	338.79	18.32	16.94	-0.03
43	Blue Star Limited	105.65	229.31	45.61	23.80	25.07
44	Capri Global Capital Limited	109.45	282.42	62.95	11.69	44.88
45	Mahindra Lifespace Developers Limited	115.75	120.87	60.58	15.78	78.38
46	National Standard (India) Limited	118.08	108.75	380.20	12.52	22.61
47	GMM Pfaudler Limited	120.07	548.42	64.01	28.92	26.94
48	Brigade Enterprises Limited	123.40	95.01	2,050.73	9.14	45.64
49	Carborundum Universal Limited	124.50	320.71	48.72	17.65	0.04
50	TTK Prestige Limited	124.78	298.82	42.95	23.63	10.48
51	Allcargo Logistics Limited	128.69	472.49	9.50	43.69	64.08
52	Balrampur Chini Mills Limited	135.74	207.59	18.84	19.51	3.98
53	TCI Express Limited	139.29	737.60	56.07	35.36	30.93
54	Mahindra CIE Automotive Limited	142.41	298.25	17.40	15.74	21.94
55	Radico Khaitan Limited	148.63	367.45	56.64	18.75	12.79
56	Chambal Fertilizers & Chemicals Limited	153.83	600.90	9.43	36.67	11.98
57	Esab India Limited	158.66	887.99	57.48	58.18	50.45
58	Mazagon Dock Shipbuilders Limited	164.68	444.09	13.08	35.24	78.86
59	IIFL Finance Limited	170.28	438.04	11.10	32.99	35.88
60	KRBL Limited	172.91	267.64	17.84	20.52	36.56
61	Ingersoll Rand (India) Limited	174.83	356.59	54.20	36.74	103.36
62	JK Paper Limited	175.03	434.09	9.94	41.36	73.65
63	Transport Corporation of India Limited	184.96	631.78	18.90	41.46	85.14
64	Shipping Corporation Of India Limited	186.77	228.68	7.48	16.05	4.34
65	Sunteck Realty Limited	190.54	69.95	140.17	3.21	3.04
66	The India Cements Limited	190.68	75.37	76.90	3.72	63.94
67	AstraZeneca Pharma India Limited	204.56	381.33	114.04	28.60	3.80
68	IRB Infrastructure Developers Limited	208.07	160.92	21.03	11.31	28.77
69	Can Fin Homes Limited	230.31	426.75	14.09	39.39	-1.59
70	KEI Industries Limited	236.98	1,058.67	32.98	45.82	73.94
71	CREDITACCESS GRAMEEN LIMITED	252.77	611.05	32.06	31.13	54.85
72	Vardhman Textiles Limited	266.65	442.42	6.88	54.10	-1.26
73	JB Chemicals & Pharmaceuticals Limited	276.15	907.50	38.92	48.07	7.15
74	Sheela Foam Limited	285.46	878.33	61.60	48.09	27.05
75	Kalpataru Power Transmission Limited	287.33	767.54	16.22	36.33	7.80
76	Kennametal India Limited	288.65	1,072.13	52.43	52.10	100.62
77	Gujarat State Fertilizers & Chemicals Limited	292.83	483.33	4.90	27.83	22.14
78	EID Parry India Limited	300.23	776.10	10.12	59.22	39.80
79	Ksb Limited	303.32	852.91	40.28	47.72	55.22
80	Ratnamani Metals & Tubes Limited	320.53	1,279.76	38.99	51.21	36.51
81	GHCL Limited	323.60	782.86	7.89	94.23	82.44
82	Cochin Shipyard Limited	331.39	935.35	8.82	45.86	8.70
83	Century Textiles & Industries Limited	350.86	464.54	42.35	20.99	4.37
84	DCM Shriram Limited	353.16	1,174.09	14.32	74.61	3.97
85	Rajesh Exports Limited	421.52	394.59	17.58	33.93	1.18
86	Apar Industries Limited	448.21	1,947.00	15.90	82.81	98.76
87	Garware Technical Fibres Limited	470.74	1,195.51	44.07	78.10	0.65
88	Gujarat Narmada Valley Fertilizers and Chemicals Limited	508.23	1,153.22	5.28	130.80	93.68
89	Godfrey Phillips India Limited	563.06	985.65	12.57	90.01	7.99
90	The Great Eastern Shipping Company Limited	563.71	579.15	7.86	74.38	46.44
91	BEML Limited	566.51	735.60	45.72	33.71	34.63
92	Cera Sanitaryware Limited	773.30	2,410.65	41.17	135.38	27.11
93	Gujarat Alkalies and Chemicals Limited	804.02	1,938.59	9.28	98.12	89.12
94	CEAT Limited	809.10	522.85	102.74	13.96	28.47
95	UFLEX Limited	927.25	2,517.15	4.50	167.39	41.13
96	Polyplex Corporation Limited	1,056.43	3,133.56	10.31	205.25	19.24
97	Lakshmi Machine Works Limited	1,862.94	2,374.49	51.74	246.42	59.19
98	Sundaram Clayton Limited	2,510.49	6,608.24	16.89	296.13	40.25
99	Kama Holdings Limited	7,494.48	29,712.93	7.90	1,651.60	25.61
100	JSW Holdings Limited	17,722.44	8,243.17	37.42	123.48	0.75

Note: Stock Price and Financial Ratios are based on January 2023 data. This would be ideal for research and analysis purpose.

If you are not much aware of technical indicators, no need to worry. You can get some knowledge reading technical indicators means, types of technical indicators, what is resistance, what is volume, types of single candlestick patterns, what is moving average and more about technical analysis for beginners while researching best mid cap stocks to buy and hold with big potential.

Also you should learn fundamental analysis of stocks by reading fundamental analysis means, what are qualitative factors, what are qualitative data analysis, read and analyze annual report of a company, what are financial ratios of the companies. You can go through our free tutorial course on fundamental analysis for beginners to gain education as a first step. This will definitely provide you better knowledge in picking best mid cap stock and also to decide whether to buy or hold for long term or short term in India.

Conclusion

Here we have seen top 10 best mid cap stocks to buy for long term investment in India 2023-2024. Our objective is to provide you the list of best mid cap companies and list of top small cap stocks with highest upside potential in India 2023 to watch on. This is purely for research and informational purpose. Take a look at it, perhaps this will help you to figure out your best decision when picking mid cap stocks to buy and hold with big potential.

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