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New Delhi: The year 2018 and 2019 have not been good for midcap and smallcap stocks. But in the meantime, dozens of midcap stocks showed a sharp upward trend. This year too, these stocks continue to pick up. This shows that investors have strong confidence in these stocks.

In the past two years, these midcap stocks have given returns of 20 to 90 per cent. The BSE Midcap Index's return during this period was negative. In the year 2020, these shares have climbed 45%. Foreign investors, mutual funds and insurance companies are increasing their stake in these companies.

Included in this list, the AU Small Finance Bank has given a return of 45 per cent this year, which increased by 22 per cent in 2018 and 2019. Institutional investors own 42.3 per cent stake in the company. Its price to book value ratio is 10.2, while the industry average is 3.1.

The midcap and smallcap indices were at peak levels in January 2018. Subsequently, the midcap index has dived up to 16 per cent. However, in the year 2020, the index has risen to around 5%.

The next name on the list is Divis Labs, whose stock has risen by 18 per cent this year after jumping 68 per cent in the past two years. Institutional investors own a 35.1% stake in the company, which is trading at a value of 45.3 times.

In the first two months of 2020, Adani Enterprises recorded a sharp jump of 24 per cent, compared to the same period in the previous two years. 20.8 times the company's current valuation, which corresponds to the industry average. Foreign and domestic institutional investors own 22 per cent of it.

This year, Honeywell Automation India's shares have gained 27 per cent, while in the past two years, the stock has grown by 42 per cent. The stock is trading at a value of 61.5 times. Mutual funds hold 14.8 per cent stake in the company and 75 per cent in the promoters.

Torrent Pharma, Muthoot Finance and Aditya Birla Fashion and Retail have also increased 17 to 21 per cent this year, while in the past two years, these stocks have strengthened by 30 to 70 per cent. Statistics show that out of 101 stocks in the BSE Midcap Index, 65 stocks have registered weakness in the last two years.

Shares like JSK Consumer, L&T Infotech, Godrej Properties, Info Edge (India) and Berger Paints India have given double-digit returns this year. All these stocks had strengthened to 91 per cent in the last two years. Many analysts still rely on these stocks.

Motilal Oswal has added AU Small Finance Bank to its top shares in the year 2020. Increasing profitability justifies the high valuation of the company. Divis Labs could make the most profit from the Coronavirus in China. Anand Rathi has expressed his confidence in Honey Well. There is no debt on the company and the return on equity is 22-23%. Carvy Stock Broking has chosen Torrent Pharma to its liking. The company is growing at more than 10% in major markets.

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