4 Midcap Best Performing Stocks to Watch for Future Multibagger Potential: Federal Bank, Radico Khaitan, KEI Industries and Narayana Health
- October 26, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Federal Bank Rs 340.90. Radico Khaitan Rs 4,157.30. KEI Industries Rs 3,725. Narayana Health Rs 1,646.90. Market caps from Rs 33,322 crore to Rs 81,680 crore. Data as of 23 Oct 2026.
Quick Answer
Federal Bank, Radico Khaitan, KEI Industries and Narayana Health are the 4 picks in this best performing stocks watchlist, with market caps between Rs 33,322 crore and Rs 81,680 crore. Federal Bank stands out for the lowest PE of the group at 15.16, while Radico Khaitan offers the highest return on equity at 18.23%. PE ratios run from 15.16 to 83.06, so compare each one with its industry PE before investing. All figures are as of 23 October 2026.
Best performing stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Federal Bank, Radico Khaitan, KEI Industries and Narayana Health meet that test, with market caps from Rs 33,322 crore to Rs 81,680 crore and Federal Bank offering the lowest PE of the group at 15.16. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a five-year return of at least 200 per cent and a return on equity of at least 12 per cent, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a five-year return of at least 200 per cent and a return on equity of at least 12 per cent, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap between Rs 30,000 crore and Rs 1 lakh crore. Investors screening best performing stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 23 October 2026 and are drawn from NSE and BSE data and company filings.
Click Here – Get Free Investment Predictions
What Are Best Performing Stocks and Why Do They Attract Multibagger Interest?
Best performing stocks are shares of mid sized companies that have more than tripled investors’ money over five years while still earning healthy returns. The four here cover private banking, spirits, cables and hospitals.
A strong five-year record backed by healthy returns shows the gains rest on real business strength. For best performing stocks, both FY26 and the latest quarter showed growth. For best performing stocks, checking each result against the latest quarter matters more than any single ratio. The next sections explain what stands out in each of best performing stocks, using FY26 and latest quarter data. Prices move daily, so recheck the figures for best performing stocks before you decide.
Best Performing Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 23 October 2026. Federal Bank has the lowest PE of the group at 15.16, while Radico Khaitan posts the highest return on equity at 18.23%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Federal Bank | 340.90 | 81,680 | 15.16 | 11.94 | 12.60% | 1.98 | 211.52 to 371.70 |
| Radico Khaitan | 4,157.30 | 58,439 | 83.06 | 54.95 | 18.23% | 17.63 | 2,500.00 to 4,747.00 |
| KEI Industries | 3,725 | 37,292 | 37.41 | 49.96 | 13.78% | 5.59 | 3,725.00 to 5,899.00 |
| Narayana Hrudayalaya | 1,646.90 | 33,322 | 40.80 | 60.75 | 17.76% | 7.34 | 1,589.00 to 2,093.30 |
Federal Bank: 22.90% Profit CAGR Since FY22
Federal Bank is a Kerala-based private sector bank with a strong NRI deposit base and a growing retail, small business and digital franchise. It reported FY26 total income of Rs 34,272.42 crore, up 7.00% year on year, and net profit of Rs 4,483.38 crore, up 6.71%. Net profit has compounded at 22.90% a year since FY22, while total income has grown 20.05% a year.
In the September 2026 quarter, total income rose 19.01% to Rs 9,903.41 crore and net profit grew 53.42% to Rs 1,564.06 crore. The share price has gained 259.57% over five years and 57.58% over the past year. Domestic institutions raised their holding from 48.17% in June 2025 to 49.28% in June 2026. The stock trades at a PE of 15.16 against an industry PE of 11.94, with a return on equity of 12.60%.
Radico Khaitan: 24.88% Profit CAGR Since FY22
Radico Khaitan makes Indian-made foreign liquor and premium spirits, with brands including Magic Moments, 8PM and Rampur Single Malt. It reported FY26 revenue of Rs 6,062.27 crore, up 24.84% year on year, and net profit of Rs 604.48 crore, up 74.90%. Net profit has compounded at 24.88% a year since FY22, while revenue has grown 20.50% a year. Operating margin was 4.88% in FY26. The debt-to-equity ratio is 0.15, which keeps interest costs low.
The stock trades at a PE of 83.06 against an industry PE of 54.95, with a return on equity of 18.23%. In the June 2026 quarter, revenue rose 10.44% to Rs 5,869.46 crore and net profit grew 75.91% to Rs 229.60 crore. The share price has gained 299.58% over five years and 51.47% over the past year. Domestic institutions raised their holding from 25.47% in September 2025 to 27.17% in September 2026.
KEI Industries: 25.01% Profit CAGR Since FY22
KEI Industries makes power, control and instrumentation cables, including extra-high-voltage cables, and house wires. It reported FY26 revenue of Rs 11,906.32 crore, up 21.40% year on year, and net profit of Rs 918.43 crore, up 31.88%. Net profit has compounded at 25.01% a year since FY22, while revenue has grown 20.00% a year. Operating margin was 11.81% in FY26. The debt-to-equity ratio is 0.04, which keeps interest costs low.
In the June 2026 quarter, revenue rose 21.86% to Rs 3,204.91 crore and net profit grew 40.05% to Rs 274.14 crore. The share price has gained 360.93% over five years. Foreign investors raised their holding from 26.59% in June 2025 to 27.32% in June 2026. The stock trades at a PE of 37.41 against an industry PE of 49.96, below the sector average, with a return on equity of 13.78%.
Narayana Health: 24.06% Profit CAGR Since FY22
Narayana Health runs a network of multi-speciality hospitals, with a strong cardiac care franchise and a presence in India and the Cayman Islands. It reported FY26 revenue of Rs 7,996.25 crore, up 43.43% year on year, and net profit of Rs 810.46 crore, up 2.61%. Net profit has compounded at 24.06% a year since FY22, while revenue has grown 20.95% a year. Operating margin was 21.25% in FY26.
The stock trades at a PE of 40.80 against an industry PE of 60.75, below the sector average, with a return on equity of 17.76%. In the June 2026 quarter, revenue rose 77.60% to Rs 2,719.11 crore and net profit grew 5.37% to Rs 207.27 crore. The share price has gained 225.59% over five years. Domestic institutions raised their holding from 7.76% in September 2025 to 10.68% in September 2026.
Best Performing Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these best performing stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Total Income (Rs Cr) | Net Profit (Rs Cr) | Income Growth (YoY) | 4-Year Income CAGR | 4-Year Net Profit CAGR |
|---|---|---|---|---|---|
| Federal Bank | 34,272.42 | 4,483.38 | 7.00% | 20.05% | 22.90% |
| Radico Khaitan | 6,062.27 | 604.48 | 24.84% | 20.50% | 24.88% |
| KEI Industries | 11,906.32 | 918.43 | 21.40% | 20.00% | 25.01% |
| Narayana Health | 7,996.25 | 810.46 | 43.43% | 20.95% | 24.06% |
Check the Univest Screener for live data on these best performing stocks
Institutional Holding in Federal Bank, Radico Khaitan, KEI Industries and Narayana Health
Institutional holding shows who is backing these best performing stocks alongside the promoter. The table uses the latest reported quarter for each. Federal Bank has the deepest institutional backing, with FII and DII together holding 76.99% as of June 2026. Domestic institutions increased their holding over the past year in Federal Bank (from 48.17% to 49.28%), Radico Khaitan (from 25.47% to 27.17%) and Narayana Health (from 7.76% to 10.68%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Federal Bank | Nil | 27.71% | 49.28% | 23.01% | June 2026 |
| Radico Khaitan | 40.17% | 19.43% | 27.17% | 13.23% | September 2026 |
| KEI Industries | 35.00% | 27.32% | 25.90% | 11.78% | June 2026 |
| Narayana Health | 63.27% | 9.01% | 10.68% | 17.04% | September 2026 |
Risks to Weigh in Best Performing Stocks
Being careful with best performing stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: Radico Khaitan trades at a PE of 83.06 against an industry PE of 54.95, so earnings need to keep growing to support the price.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Best Performing Stocks
Picking from best performing stocks comes down to four checks, applied in order.
- Check asset quality and net interest margin first, then return on equity and price to book. Debt-to-equity does not apply to lenders.
- Compare each PE with the industry PE (11.94 to 60.75) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
Download the Univest iOS App or Univest Android App to track Federal Bank, Radico Khaitan, KEI Industries and Narayana Health live prices.
Conclusion
Among best performing stocks, Federal Bank stands out for the lowest PE of the group at 15.16, Radico Khaitan for the highest return on equity at 18.23%, KEI Industries for the fastest profit growth, 25.01% a year since FY22 and Narayana Health for 43.43% revenue growth in FY26. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing best performing stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Best Performing Stocks to Watch
Which are the best best performing stocks to watch for multibagger potential?
Ans. Federal Bank, Radico Khaitan, KEI Industries and Narayana Health are the 4 names this list highlights, with market caps of Rs 81,680 crore, Rs 58,439 crore, Rs 37,292 crore and Rs 33,322 crore respectively. Federal Bank is notable for the lowest PE of the group at 15.16. Radico Khaitan stands out for the highest return on equity at 18.23%. KEI Industries offers the fastest profit growth, 25.01% a year since FY22. Narayana Health brings 43.43% revenue growth in FY26. These are watchlist names for best performing stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Radico Khaitan a good stock for long-term investors?
Ans. Radico Khaitan has a return on equity of 18.23%, a PE of 83.06 against an industry PE of 54.95 and a market cap of Rs 58,439 crore. Net profit has compounded at 24.88% a year since FY22, and FY26 revenue rose 24.84% while June 2026 quarter net profit grew 75.91%. Long-term returns in best performing stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can KEI Industries become a multibagger from here?
Ans. KEI Industries has already gained 360.93% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in best performing stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 25.01% a year since FY22, and FY26 revenue rose 21.40%. At a PE of 37.41 against an industry PE of 49.96, valuation should be checked against that growth before investing.
What is the market cap of Federal Bank, Radico Khaitan, KEI Industries and Narayana Health?
Ans. As of 23 October 2026, Federal Bank has a market cap of Rs 81,680 crore, Radico Khaitan has a market cap of Rs 58,439 crore, KEI Industries has a market cap of Rs 37,292 crore and Narayana Health has a market cap of Rs 33,322 crore. All of them qualify as midcaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on best performing stocks.
What are the risks of investing in best performing stocks?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Radico Khaitan trades at a PE of 83.06 against an industry PE of 54.95, so earnings growth needs to hold up.
Why is Radico Khaitan trading at a PE of 83.06?
Ans. Radico Khaitan’s PE of 83.06 compares with an industry PE of 54.95. The market is paying a premium for a return on equity of 18.23%, profit growth of 24.88% a year since FY22 and latest-quarter profit growth of 75.91%, which also means the stock is more sensitive if growth slows. Investors in best performing stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Federal Bank, Radico Khaitan, KEI Industries and Narayana Health?
Ans. As of the latest reported quarter, FII and DII together hold 76.99% of Federal Bank (27.71% and 49.28%), 46.60% of Radico Khaitan (19.43% and 27.17%), 53.22% of KEI Industries (27.32% and 25.90%) and 19.69% of Narayana Health (9.01% and 10.68%). Rising institutional holding is a useful signal in best performing stocks, though it should be read with earnings trends rather than on its own.
