Tata Communications, Cummins India among 6 midcap stocks that reach 5-year highs

Several midcap company stocks on the Indian market have reached five-year highs, indicating potential growth and agility. Among them are Linde India, Prestige Estates Projects, IDFC First Bank, Tata Communications, APL Apollo Tubes, and Cummins India, all of which surpassed respective landmark prices on June 14, 2023. These midcap breakouts could give insights into these companies’ performances and future prospects, with data collated from StockEdge. Linde India, IDFC First Bank, and Tata Communications are all major players in the gas, banking, and telecom sectors, respectively, and their five-year high marks indicate renewed investor confidence and growth potential.