October 2, 2025
amar_ambani

Amar Ambani

In June 2014, IIFL issued a report identifying 13 top-quality mid-caps and urging investors to “Double your stake, quadruple your money”. Lets’ note the performance of the stocks as of date
In June 2014, IIFL issued a report identifying 13 top-quality mid-caps and urging investors to “Double your stake, quadruple your money”. Lets’ note the performance of the stocks as of date




IIFL pointed out that in a Bull run, quality midcaps can outperform large caps substantially and that investors should increase weightage to midcaps in their long term portfolio. For making most of the ensuing Bull run, IIFL handpicked thirteen interesting mid cap stocks having potential to double in two years. All stocks rank high in terms of earnings growth potential, balance sheet strength, future cash flows, management bandwidth and valuation appeal.

In the set of 13 stocks, there is one Pharma, three auto ancillary, one agriculture, three capital goods, four financials and one cement stock.

Stock Price on 30.06.2014 Price on 05.03.2015 Gains (%)
Alembic Pharma 269 430 59
Bharat Forge 608 1292 112
Dhanuka Agritech 397 642 61
Finolex Cables 176 279 58
Greaves Cotton 115 145 26
Indiabulls Housing Fin 383 632 60
JK Lakshmi Cement 210 374 78
Jyoti Structures 59 32 (45)
Kirloskar Oil Engines 238 288 15
LG Balakrishnan 439* 530 20
Magma Fincorp 98 100
PTC India Fin Services 32 62 93
SREI Infra Finance 48 50
Total 537
Average gains 41%

Two stocks have put up a stellar performance with gains in excess of 90%. Five stocks have gains in excess of 50%. One stock has a deep cut. Two stocks are flat. The rest have put up a reasonable show. The average gains from the 13 stocks is 41%. If you annualize the gains, it works out to 62%, which is quite commendable.

A detailed explanation of the merits and risk factors of each stock is given in the report.

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