- Date : 14/06/2023
- Read: 3 mins
In May 2023, portfolio management service (PMS) fund managers showed keen interest in mid-cap stocks, capitalising on market volatility and identifying undervalued assets.
- Mid-cap stocks attract PMS managers during market volatility.
- AU Small Finance Bank, Polycab India among top picks.
- Growth potential and market positioning attract investors.
Leveraging the market volatility of Indian equity markets, Portfolio Management Services (PMS) fund managers constantly look for promising mid-cap stocks to add to their portfolios. Here are the 12 new mid-cap stocks in May 2023 that caught the attention of these fund managers, leading to their inclusion in various PMS strategies.
1. AU Small Finance Bank
Strong presence in the small finance sector with growth potential
2. Polycab India
Robust financial performance and product innovation.
3. Syngene International
Offering integrated discovery and development services to the healthcare sector.
4. Bharat Heavy Electricals (BHEL)
Expertise in power generation and transmission equipment.
5. Persistent Systems
IT services and solutions provider with steady growth focusing on emerging technologies.
6. IDFC FIRST Bank
Enhancing retail banking operations, asset quality focus, and digitisation efforts.
Strong client relationships and digital transformation expertise.
8. Aditya Birla Fashion & Retail
Strong brand portfolio and omnichannel strategies for retail fashion growth.
9. Godrej Properties
Established brand, quality projects, and pan-India presence.
10. Federal Bank
Consistent financial performance and prudent risk management.
Leading manufacturer with growth prospects and sustainable solutions.
12. Schaeffler India
Strong technological expertise, diversified product portfolio, and strategic partnerships.
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Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.