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Sunday, May 3, 2009

Best Mid & Small Cap Stocks To Buy For Long Term Wealth Creation

Here are few mid cap stocks to buy featured in money today magazine for long term wealth creation.

Best mid cap stocks to buy

Small Cap, Big Profit
If you can take nasty surprises in your stride and can afford to wait for the next bull market, then consider small-caps. These stocks are going at fire sale prices and are worth a look.

Temptation Foods is a turnaround story. The December quarter turnover rose to Rs 231 core from Rs 36 crore a year ago; the profit after tax is Rs 12.10 crore. At Rs 27, it trades at 1.3 times its estimated annualised 2008-9 earnings per share.

SKM Egg Products is a 100% export-oriented unit. The company witnessed a healthy sales growth of 41% in the past quarter and registered a net profit of Rs 5.3 crore.

The ICICI Bank-promoted 3i Infotech registered a 37% rise in the third quarter in net profit to Rs 27 crore and has a healthy order book of Rs 1,420 crore. However, the slowdown in the financial services segment and high FCCBs are a matter of concern.

Fag Bearings posted a 14% growth in revenue and has registered around 30% profit growth over the past five years. It made a net profit of Rs 21 crore in the third quarter of 2008-9.

Go back to: Creating Long Term Wealth? Buy Mid Cap Stocks

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