Sharekhan recommends buying 2 midcap stocks: Check out potential upside, targets

MIDCAP STOCKS TO BUY: Are you searching for midcap stocks to invest in? Analysts at Mirae Asset Sharekhan have handpicked two midcap stocks poised for growth. These companies' scrips offer profit-booking opportunities, with one stock expected to gain up to 24.37 per cent in the long term. Here are details of these two midcap scrips, check details:

2 Midcap Stocks to Buy: Sharekhan

The brokerage's list of recommendations includes Vinati Organics Ltd and Carborundum Universal.

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1. Vinati Organics Ltd (VINATIORGA) | Recommendation: Buy | Upside: 24.37%

Sharekhan has upgraded its stance on Vinati Organics Ltd to 'buy' expecting an upside potential of 24.37 per cent from its Friday's session closing price. The company's strong foothold in Isobutyl Benzene (IBB) and ATBS continues to drive export market growth, Sharekhan said. Here are key highlights from the brokerage report dated March 19, 2025:

• The 20,000 MT ATBS capacity expansion is already oversold, reflecting strong demand
• The management maintains a 20 per cent revenue growth outlook over the next three years
• Expected EBITDA margins of 26-27 per cent further strengthen its financial prospects

2. Carborundum Universal (CARBORUNIV) | Recommendation: Buy | Target Price: Rs 1,100

Analysts at Mirae Asset Sharekhan have suggested buying Carborundum Universal Ltd shares, citing long-term growth momentum. The brokerage has expected demand across multiple segments to remain strong, despite concerns over potential VAW sanctions. "The recent 35 per cent correction makes valuations attractive at 28x FY27 forward earnings and sustainable demand across sectors is likely to drive long-term profitability and expansion," according to Sharekhan's analysts.

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