BSE MidCap Index: These Beaten Down Midcaps have slipped up to 27 per cent in August itself!
The BSE Midcap index is showing signs of recovery after posting gains of over 2 per cent in August, so far. The gauge that tracks the performance of leading midcaps in India, however, has underperformed BSE Sensex, which is up by over 7 per cent comfortably in August month.
Some of the top performing midcaps are Adani transmission (66.44 per cent), HAL (27.29 per cent), Adani Green Energy (20 per cent), Apollo Hospitals Enterprise (17.47 per cent), Cummins India (15.98 per cent), Info Edge (14.4 per cent), ABB India (14.33 per cent), Tata Consumer Products (13.24 per cent), Alkem Lab (12.09 per cent) and LT Infotech (12 per cent), which have all gained more than 10 per cent each in August itself if we consider the closing as on August 30.
Some of the midcaps that have been a drag for the index are down by ~ 27 per cent in August alone.
Following is the list of top laggards of BSE MidCap index :-
| Sr. No |
Mid caps |
August Returns (%) |
| 1 |
Aditya Birla Capital Ltd. |
-8.02 |
| 2 |
Exide Industries Ltd. |
-8.18 |
| 3 |
Bank Of India |
-8.36 |
| 4 |
Biocon Ltd. |
-8.58 |
| 5 |
TVS Motor Company Ltd. |
-9.09 |
| 6 |
Balkrishna Industries Ltd. |
-9.34 |
| 7 |
The Ramco Cements Ltd. |
-9.45 |
| 8 |
Bharat Heavy Electricals Ltd. |
-9.69 |
| 9 |
Ashok Leyland Ltd. |
-9.72 |
| 10 |
Godrej Properties Ltd. |
-9.8 |
| 11 |
Jindal Steel & Power Ltd. |
-10.06 |
| 12 |
Motilal Oswal Financial Services Ltd. |
-11.08 |
| 13 |
Glenmark Pharmaceuticals Ltd. |
-12.84 |
| 14 |
Steel Authority Of India Ltd. |
-12.87 |
| 15 |
RBL Bank Ltd. |
-12.88 |
| 16 |
Zee Entertainment Enterprises Ltd. |
-14.55 |
| 17 |
Sun TV Network Ltd. |
-15.19 |
| 18 |
IDFC First Bank Ltd. |
-16.2 |
| 19 |
Future Retail Ltd. |
-27.45 |
| 20 |
Vodafone Idea Ltd. |
-27.52 |
*Data as on August 30.