Despite the market crash, these 10 mid-cap stocks have given the best returns since record highs in October

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On October 18, 2021, the Nifty 50 index climbed 138.50 points or 0.76% to close at a record high of 18,477.05. The market has since fallen around 8% and many stocks have crashed due to various concerns. However, some mid-caps held firm and generously rewarded investors. Here are the top 10 winners who have won the most since the October records. (Image: Reuters)

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Escorts: Percentage change: 21% | October 18th closing price: Rs 1551.25 | Closing price on November 26: Rs 1,869.4 (Image: Escorts Limited)

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TVS Motor Company: Percentage change: 16% | October 18th closing price: Rs 585.9 | Closing price on November 26: Rs 676.8 (Image: PTI)

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Adani Total Gas: Percentage change: 14% | October 18th closing price: Rs 1445.05 | Closing price on November 26: Rs 1645.6

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Zee Entertainment: Buy |  Target: Rs 350 |  Yield: 24.64% Pulled down by the sharp decline in advertising revenue, Zee's revenue slipped 5.5% year-on-year to Rs 2,049 crore.  Domestic advertising revenue declined 15.7% year-on-year.  On the new tariff implemented last year, domestic subscription revenues increased 21.7% year-on-year.  The EBITDA margin slipped 720 basis points year-on-year to 27.6 percent.  After the sale of the stake, management is now focused on improving cash flow and the balance sheet, by collecting related party receivables, a huge benefit.  On the results below expectations, we reduced our estimates of EBITDA FY20 / FY21 respectively by 4% and 6%, and our multiple target to 12x the expected EBITDA FY22 (by evaluating it earlier to 13x EBITDA FY21) .  Thus, we arrive at a target of Rs 350 (previously Rs 364),

Zee Entertainment Enterprises: Percentage change: 10% | October 18th closing price: Rs 310.85 | November 26 closing price: Rs 342.55

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L&T Technology Services

L&T technology services: Percentage change: 9% | October 18th closing price: Rs 4851.65 | November 26 close price: Rs 5281.1 (Image: Reuters)

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Fortis Healthcare: Percentage change: 8% | October 18th closing price: Rs 262.7 | Closing price on November 26: Rs 283.35 (Image: Reuters)

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Page Industries: Percentage change: 4% | October 18th closing price: Rs 37543.15 | November 26 close price: Rs 38971.9 (Image: Page Industries)

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Capital of Shriram

Shriram Transport Finance Company: Percentage change: 4% | October 18th closing price: Rs 1395.2 | November 26 closing price: Rs 1,446.7 (Image: Shriram Transport)

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the power of torrents

Torrent power: Percent change: 3% | October 18th closing price: Rs 521.3 | Closing price on November 26: Rs 538.1

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Glenmark Pharmaceuticals: Percentage change: 3% | October 18th closing price: Rs 519 | Closing price on November 26: Rs 532.2

About Frances R. Smith

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