Check out these top mid-cap stocks that gained up to 113 per cent when BSE Sensex tumbled 15 per cent
Despite the underperformance by BSE Midcap Sensex, we found out that several mid-cap stocks have outperformed the benchmark index.
The equity markets made an all-time high in October 2021 with Sensex touching the 62,000 level and Nifty gripping the 18,600 level. Since October 2021, the equity markets have been extremely volatile. The Russia-Ukraine war, Omicron fears, and inflation worries have weighed the most on the performance of equity markets. In this volatile and nervous time faced by the domestic markets, during the current calendar year, the only silver lining that emerged was the inflows from domestic institutional investors (DII), which recorded beyond the mark of Rs 2 lakh crore, with half of the year to still pass by.
The benchmark indices i.e. Sensex and Nifty have fallen around 15 per cent & 14.71 per cent, respectively from their respective all-time high made on October 19, 2021. During the same period, BSE Midcap index tanked around 18 per cent thereby, underperforming the benchmark indices. Despite the underperformance by BSE Midcap Sensex, we found out that several Mid-Cap stocks have outperformed the benchmark index.
Here is a list that highlights the top mid-cap stocks since the markets hit their all-time high levels:
Company Name |
Sector |
Latest Market Cap (Rs crore) |
Returns from October 19, 2021 to June 14, 2022 |
Adani Power Ltd |
Power |
102,903.13 |
113.78 |
Hindustan Aeronautics Ltd |
Aviation |
62,956.81 |
31.12 |
TVS Motor Company Ltd |
Automobile & Ancillaries |
35,588.78 |
28.49 |
Varun Beverages Ltd |
FMCG |
50,064.04 |
27.88 |
ABB India Ltd |
Capital Goods |
49,170.16 |
25.92 |
Bharat Electronics Ltd |
Capital Goods |
58,819.35 |
16.7 |
Oil India Ltd |
Crude Oil |
29,105.44 |
14.97 |
CRISIL Ltd |
Ratings |
24,226.66 |
12.96 |
Cummins India Ltd |
Automobile & Ancillaries |
27,908.50 |
10.62 |