Midcaps Bajaj Electricals, IRCTC and Hatsun Agro have surged more than 40% in a span of 30 days

Shares of Vodafone Idea zoomed 91% in the last one month. 25% of the gains were made after the Indian government approved the highly awaited telecom relief package, offering a moratorium of four years on adjusted gross revenue (AGR) and spectrum dues. This was a huge relief to the debt-strapped Vodafone Idea.

Moreover, the stock had also surged in anticipation of the relief package. Meanwhile, there are reports that the government might pick some stake in the company. The market capitalisation of the company stood at ₹32,039 crore as of 3:05 p.m., on September 17.

Shares of the broadcasting and cable television operator have surged 56% in the last one month after its largest shareholder YES bank issued notice to remove five directors including managing director and chief executive officer Jawahar Lal Goel. YES Bank holds a 25% stake in the company. Investors seemed to be happy with the development as there are several alleged corporate governance issues in the company. The company made a loss of ₹1,189 crore in FY21. Further, a few more developments on management change are anticipated to happen at the annual general body meeting of Dish TV India, which is scheduled to be held on September 27, 2021.

Shares of the Chennai-based dairy company have delivered almost 50% returns in just one month on hopes of foreign inflows. The shares of the company were trading in high volumes on September 17 as two million shares changed hands on the exchanges as against 1-5 lakh usually. The market capitalisation of the company stood at ₹30,696 crore as of 3:25 p.m.

Shares of the Bajaj Group company surged 49% in the last one month. The company is among the leading Indian consumer products companies engaged in designing, manufacturing and marketing of consumer products (appliances, fans, lighting etc). Analysts see a strong demand outlook for consumer products. “We believe strong demand outlook of consumer products and focus on debt reduction will lead to an improved return on equity and return on capital employed for the company, going forward,” said analysts at Angel Broking, reportedly. Going forward, the brokerage expects healthy profitability on the back of a strong brand with leadership position in kitchen appliances, wide distribution network and strengthened product portfolio.

Shares of the Indian Railway Catering and Tourism Corporation (IRCTC) have risen almost 50% in one month on expansion strategy and boost in train bookings. Analysts are highly positive about IRCTC’s aggressive expansion plan in the hospitality sector and believe that the stock would reach ₹5,000 from the ₹3,000-level currently. Moreover, the company has been performing well on the financial front as it made a profit of ₹82.53 crore in June quarter 2021 as compared to a loss of ₹24.60 crore during the same period last year.

Shares of the media company have rallied in the last couple of days after two independent directors resigned. They resigned after its largest shareholder Invesco, which holds 7.7% stake in the company, demanded resignation of Ashok Kurien and Manish Chokhani along with that of the managing director Punit Goenka. Resignations of independent directors brought focus back to the company's growth and an end to concerns over corporate governance. Moreover, talks of a potential takeover of the company have also added to the optimism around the company’s stock.