Midcaps with long term perspective; 4 stocks with high ROE & net profit margin

A high return on equity is a result of two factors. First, the basic nature of the business, there are some businesses which require a constant dose of capital like banks, there are some which may require a higher amount of capital but that would be a one time requirement. Second, how efficiently the management uses those resources. In times like today when interest rates have seen a sharp rise it is the second factor which becomes extremely important. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “hold” or “buy” or “strong buy”.

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