For moderate risk takers: 5 midcap stocks with right levels of ROE and upside potential up to 37 %

When the nifty is forming a new high everyday, risks are increasing on the street. In such times, it would be better that while looking at growth stocks one also focuses on reducing the risk by taking a hard look at some numbers which are critical indicators. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong Buy

After remaining under pressure for a long time, analysts are forecasting a comeback of Utilities stocks. IGL is back on the radar and so is GSPL. For the purpose of this report, we have selected stocks wherein the count of analysts is at least 20 and the average stock report plus score is a minimum of 7. The reason for having a minimum count of analysts for a particular sector is because higher coverage by analysts indicates higher institutional interest in individual stock. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

Capital good companies had faced tough times for many years. Given the fact that hardly any capacity buildup was taking place in any industry, a number had to change their product portfolio and had to live with very low margins. But all the efforts have now started to show some results. Given the performance of the stock, a large majority of these stocks have hold recommendations from the analysts.

The underlying short-term trend of Nifty continues to be choppy and this market action is expected to continue for the short term.