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Summary
- Day traders, as well as the institutional investors have remained thoroughly cautious
- The benchmark FTSE 100 stands with a year-to-date (YTD) gain of over 6%
- In the meantime, the mid-cap indicator FTSE 250 has jumped a little more than 12%
- Several components of both the indices have consistently gaining in 2021
The prolonged uncertainty in the stock markets on the back of renewed Covid worries and the apparent scepticism about the economic recovery have severely impacted the share prices. Most of the stocks are hammered by the subdued financial performance as a large section of companies are yet to see a meaningful breakthrough in their respective commercial operations.
Investors, day traders, as well as the institutional market participants have remained thoroughly cautious before taking a sizable position in any market-tradable security. Even with the downcast market conditions, there are some stocks that have managed their positive run, effectively multiplying the shareholders’ wealth.
Also Read | FTSE 100 reclaims 7000 level boosted by Barclays earnings and dividend
The benchmark FTSE 100 stands with a year-to-date (YTD) gain of more than 6%, while, in the meantime, the mid-cap indicator FTSE 250 has jumped a little more than 12%. The mid-cap index has functionally outperformed the heavyweight reflector by rising twice with some of the components doubling the investors’ money.
Here we take a look at three FTSE 250 mid-cap stocks that have returned 10% over the course of the last month.
1. Bank of Georgia Group Plc (LON: BGEO)
Shares of the London-headquartered bank have gained close to 10% in the last one month. According to the historical data available with the London Stock Exchange, the stock has amassed a gain of 10.75% to GBX 1,484 (28 July) from the share price level of GBX 1,340 apiece as on 29 June. Impressively, the shares of Bank of Georgia have risen more than 85% in the last one year. Continuing the rising run, the stock has rallied a little over 21% in the present calendar year.
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2. Genus PLc (LON: GNS)
Shares of the Basingstoke-headquartered cattle product seller have surged more than 10% in the corresponding period. The stock has returned as much as 11.83% to GBX 5,565 from a market price of GBX 4,972 per share. In the current year so far, the shares of Genus have gained approximately 29%, while the stock stands 60% higher as compared to the share price recorded last year on the same date. After hitting the lows during the Covid-steered market crash, the stock has more than doubled the investors’ wealth in the last 16 months.
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Also Read | 10 small-cap LSE stocks with a dividend yield of over 6%
3. A G Barr Plc (LON: BAG)
Shares of the Cumbernauld-based soft drink maker are no exception. The stock has soared slightly more than 10% in the last one month to GBX 573.58 from the share price of GBX 520 apiece. The stock of A G Barr stands with a six-month gain of nearly 18%, while it has cumulatively managed to rise a little more than 32% from the respective Covid lows. The stock trades 40% lower as compared to its five-year closing highs.
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