Best Mid Cap Stocks in India

September 4, 2023

Mid Cap Stocks – The Lesser Discovered Gems of The Stock Market!!!

The below table shows the mid cap stocks in India based on the highest market capitalization.

Midcap StocksSub SectorMarket CapClose Price
Bosch LtdAuto Parts56,645.0219,201.70
Hero MotoCorp LtdTwo Wheelers56,426.292,823.55
Indian Hotels Company LtdHotels, Resorts & Cruise Lines56,361.49396.80
Max Healthcare Institute LtdHospitals & Diagnostic Centres56,283.91579.40
Canara Bank LtdPublic Banks55,630.30306.65
One 97 Communications LtdBusiness Support Services55,360.63872.95
Power Finance Corporation LtdSpecialized Finance55,124.90208.80
IDFC First Bank LtdPrivate Banks54,461.1582.20
Adani Wilmar LtdFMCG – Foods54,391.55418.50
Astral LtdBuilding Products – Pipes53,328.801,985.35

In the quest to make money and get a high ROI, people tend to go after the trends without doing proper research themselves. They overlook some of the great stocks, which are underrated, but one can get fantastic returns from them.

We are talking about the best Mid Cap stocks. This article will be covering the following topics and also give you an understanding of why you should consider a Mid Cap stock!


What is a Mid Cap Stock?

If we talk about the mid cap meaning, these are the stocks whose market capitalization is measured to be in the range of Rs 5,000 Crore and Rs 20,000 Crore. It is a category that falls between the large cap and small cap companies.

Market cap is measured with respect to the current market price of a share and the total number of outstanding shares (Shares held by investors) of the company. This gives an average market value of the company. 

Let’s understand the market cap calculation with an example, suppose Sanjay Sweets has 1,00,000 outstanding shares at the price of Rs 500 per share.

Market Capitalization = outstanding shares X current market price of the share

Sanjay Sweets’ Market Cap = 1,00,000 X Rs 500

Which is calculated to be Rs 5,00,00,000.

Why consider a Mid Cap stock?

Mid cap companies in India have a lot to offer; it’s just that they have been overlooked. Focusing on a few of the features of the top mid cap stocks:

  • They offer diversity as they occupy the list between large cap and small cap companies; they can be stable and high on returns if you choose the stocks carefully.
  • The chance of growth is truly fantastic; some of the stocks have grown exponentially over time.
  • Considering the return potentials, these stocks have good scope for value appreciation and pays dividends as well.
  • Since they are overlooked, their prices stay low and affordable, where you can grab a large number of shares for a lower cost compared to large cap stocks.
  • They are less riskier than small cap companies.
  • The liquidity is relatively higher than the small cap companies.

Learn about other stocks based on market capitalization.

Large Cap Stocks
Mid Cap Stocks

Best Mid Cap Stocks/Companies in India

The below table shows the mid cap stock list based on the market capitalization. The data below also includes the closing price of the share with 1-year returns calculated in percentage.

Sl.NoMidcap StocksMarket CapClose Price1Y Return
1Mazagon Dock Shipbuilders Ltd24,608.201,220.10404.28
2Fertilisers And Chemicals Travancore Ltd26,769.37413.7325.84
3Rail Vikas Nigam Ltd25,812.55123.8311.98
4Jindal Stainless Ltd27,457.43333.45223.74
5IDFC First Bank Ltd54,461.1582.2170.39
6UCO Bank32,819.1127.45155.35
7CIE Automotive India Ltd19,468.88513.2150.1
8Apollo Tyres Limited26,639.31419.45134
9Punjab & Sind Bank21,146.6931.2130.26
10KPIT Technologies Ltd28,741.881,063.15126.01

Mazagon Dock Shipbuilders Ltd

Mazagon Dock Shipbuilders Ltd is a premier shipyard and defense contractor in India. With a rich heritage and expertise spanning several decades, they specialize in the construction and maintenance of naval ships and submarines. Mazagon Dock Shipbuilders Ltd plays a vital role in strengthening India’s maritime capabilities by delivering technologically advanced and robust vessels to the Indian Navy and other domestic and international customers.

Fertilisers And Chemicals Travancore Ltd

Fertilizers and Chemicals Travancore Limited (FACT) is a fertilizer and chemical manufacturing company in India. It was established in 1943 and has since then become one of the leading producers of fertilizers and chemicals in India. FACT produces various types of fertilizers and chemicals such as ammonia, urea, and caprolactam.

Rail Vikas Nigam Ltd

Rail Vikas Nigam Limited (RVNL) is a government-owned company that was established in 2003. It specializes in developing railway infrastructure and executing projects related to it. RVNL has completed several major projects such as doubling of railway tracks, electrification of railway lines, and construction of railway bridges across India.

Jindal Stainless Ltd

Jindal Stainless Limited is a prominent India-based stainless-steel company known for its manufacturing expertise. With a diverse product portfolio and a robust distribution network, the company caters to various industries both domestically and internationally. Operating a state-of-the-art stainless-steel plant in Odisha, Jindal Stainless is committed to delivering high-quality stainless-steel products.

IDFC First Bank Ltd

IDFC FIRST Bank Limited is an India-based banking company with a comprehensive range of financial services. It operates through three segments: Treasury, Corporate/Wholesale Banking, and Retail Banking. With a strong branch network and ATMs across the country, the bank offers loans, transaction services, and investment options to both corporate and retail customers.

List of Mid Cap Stocks in NSE

You may have noticed that the table displayed below is a similar table that was mentioned above. There’s a reason for it; we did this purposefully so that you may look at the top mid-cap stocks listed in NSE along with the mid-cap stocks listed in BSE, which comes in the next section of this article. 

Sl.NoStocksNSE Price
9BATA INDIA1,505.30

List of BSE Mid Cap Stocks

The data in the mid-cap companies listed in BSE and NSE is quite similar, but if you look closely, you will observe specific changes in the entries.

Sl.NoStocksBSE Price
13M INDIA23,473.25
2ABB INDIA3,662.25
3ABBOTT INDIA22,537.15

Here are some of the Best Stock Research Articles listed based on Top Sectors (Industries), Market Cap, and Fundamental Analysis Factors:

Shares below 100
Top Pharma Companies in India
Nifty 50 Companies
Shares Below 5
High Volume Stocks in India
Media Stocks in India
How to do Intraday Trading for Beginners

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

Click the link to access the web story now:Mid Cap Stocks in India

Leave a Reply

Your email address will not be published.

All Topics
Kick start your Trading and Investment Journey Today!
Related Posts
Most Expensive Share in India

Most Expensive Share in India

MRF Ltd, or Madras Rubber Factory Ltd, is the most expensive share in India, with a price of ₹ 1,11,409.30. When MRF had its IPO

Liquor Stocks in India

Top Liquor Stocks – Alcohol Stocks in India

Liquor Stocks Market Cap Close Price United Spirits Ltd 76,088.17 1,040.65 United Breweries Ltd 41,138.80 1,563.15 Radico Khaitan Ltd 18,818.68 1,433.80 Tilaknagar Industries Ltd 5,319.48