List of Best Mid-Cap Stocks in India for 2024
Investing in the stock market can feel like a balancing act, where you’re constantly weighing risk against reward. Large-cap stocks often provide stability but may lack the excitement of rapid growth, while small-caps can offer high returns at the expense of higher volatility. However, mid-cap stocks sit in the middle, offering a blend of both worlds. If you’re someone who wants to see your investments grow steadily without the extreme ups and downs of the stock market, check out the potential of mid-cap shares. But how do you know if they’re the best mid-cap stocks to buy for your financial goals? In this comprehensive guide, we’ll explain what mid-cap stocks are, explore some of the top mid-cap shares in India and how to invest in them.
What are Mid-cap Stocks?
Mid-cap stocks in India have a market capitalisation of more than ₹5,000 crores but less than ₹20,000 crores and fall in between small-cap stocks and large-cap stocks. Mid-cap companies in India tend to show an upward trend in their market capitalisation, valuation and profits.
List of Trending Mid-cap Stocks in India (2024)
Here is a list of some of the best mid-cap stocks to buy in India (2024).
| Stock Name | Sub-Sector | Market Cap (in Cr) | Close Price | PE Ratio | 1Y Return | Fundamental Score |
|---|---|---|---|---|---|---|
| Ge T&D India Ltd | Heavy Electrical Equipments | 43,355.08 | 1691.40 | 239.46 | 326.35 | 4.15 |
| Godfrey Phillips India Ltd | FMCG - Tobacco | 40,068.46 | 7580.55 | 45.38 | 276.29 | 5.17 |
| Motilal Oswal Financial Services Ltd | Diversified Financials | 46,127.60 | 774.95 | 18.90 | 252.47 | 11.00 |
| Housing and Urban Development Corporation Ltd | Specialized Finance | 49,066.57 | 240.80 | 23.18 | 237.37 | 7.26 |
| Oil India Ltd | Oil & Gas - Exploration & Production | 1,00,109.58 | 595.00 | 15.80 | 222.96 | 5.75 |
| Hitachi Energy India Ltd | Heavy Electrical Equipments | 55,686.98 | 12927.20 | 340.01 | 212.74 | 3.80 |
| Prestige Estates Projects Ltd | Real Estate | 82,588.21 | 1874.40 | 60.10 | 212.43 | 4.81 |
| Kalyan Jewellers India Ltd | Precious Metals, Jewellery & Watches | 73,511.39 | 697.40 | 123.06 | 210.81 | 2.61 |
| Dixon Technologies (India) Ltd | Home Electronics & Appliances | 84,317.54 | 14061.00 | 229.28 | 186.39 | 8.00 |
| BSE Ltd | Stock Exchanges & Ratings | 45,130.42 | 3896.15 | 57.98 | 167.48 | 8.13 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data is from 3rd December 2024. However, for real-time updates on stock prices and market trends, visit the Tickertap Stock Screener today!
Filters:
- Market Cap > Mid Cap
- 1Y Return: Sorted by Highest to Lowest
- Fundamental Score: Set to Positive
Best Mid-cap Stocks in India: An Overview
Here is a brief overview of the best mid cap shares in India. These are considerably good mid-cap stocks on the NSE that you can consider for investments in 2024.
GE Vernova T&D India Ltd
GE Vernova T&D India Ltd operates in the heavy electrical equipment sector, specialising in providing energy transmission and distribution solutions. The company is a part of General Electric’s energy arm and plays a crucial role in advancing energy infrastructure in India. GE Vernova T&D India Ltd is one of the top mid cap companies in India.
As of 3rd December 2024, the market capitalisation of GE Vernova T&D India Ltd is Rs. 44,966.89 cr., with a closing price of Rs. 1,850.95. The company’s price-to-earnings (PE) ratio stands at 248.37, while its 1-year return is an impressive 340.96%. The fundamental score is 5.15.
Motilal Oswal Financial Services Ltd
Founded in 1987, Motilal Oswal Financial Services Ltd is a leading diversified financial services company in India. The firm offers services like equity brokerage, asset management, wealth management, and investment banking. Motilal Oswal Financial Services Ltd is one of the best mid cap shares to buy.
As of 3rd December 2024, the company has a market capitalisation of Rs. 55,088.69 cr. and a closing price of Rs. 954.80. The PE ratio is 22.57, with a 1-year return of 221.41%. Its fundamental score is a robust 10.00.
Dixon Technologies (India) Ltd
Established in 1993, Dixon Technologies (India) Ltd is one of India’s largest home electronics and appliances manufacturers. The company specialises in producing consumer electronics, home appliances, and lighting products.
As of 3rd December 2024, Dixon Technologies has a market capitalisation of Rs. 94,950.03 cr., with its stock closing at Rs. 16,866.45. The PE ratio is 258.19, and the 1-year return is 181.00%. The fundamental score is 8.00.
Housing and Urban Development Corporation Ltd
Housing and Urban Development Corporation Ltd (HUDCO), established in 1970, is a specialised financial institution providing long-term financing for housing and urban infrastructure development projects in India.
As of 3rd December 2024, HUDCO has a market capitalisation of Rs. 47,767.34 cr., with a closing price of Rs. 235.54. The company’s PE ratio is 22.57, while the 1-year return stands at 167.96%. The fundamental score is 7.26.
National Aluminium Co Ltd
Founded in 1981, National Aluminium Co Ltd (NALCO) is one of India’s largest integrated producers of aluminium and alumina. The company operates across bauxite mining, alumina refining, and aluminium smelting.
As of 3rd December 2024, NALCO’s market capitalisation is Rs. 44,472.20 cr., with a closing price of Rs. 246.87. The PE ratio is 22.37, and the 1-year return is 154.64%. The fundamental score is 8.54.
Hitachi Energy India Ltd
Hitachi Energy India Ltd, formerly ABB Power Products and Systems India, is a leader in energy infrastructure and solutions. The company focuses on sustainable energy technologies and high-voltage equipment manufacturing.
As of 3rd December 2024, Hitachi Energy India Ltd has a market capitalisation of Rs. 50,767.10 cr., with its stock closing at Rs. 12,220.95. The PE ratio is 309.97, and the 1-year return is 153.99%. The fundamental score is 7.80.
Rail Vikas Nigam Ltd
Rail Vikas Nigam Ltd (RVNL) was established in 2003 as a government-owned entity for the implementation of railway infrastructure projects in India. It plays a significant role in the development of rail connectivity and modernisation.
As of 3rd December 2024, RVNL has a market capitalisation of Rs. 90,875.60 cr., with a closing price of Rs. 437.75. The PE ratio is 57.72, and the 1-year return is 153.92%. The fundamental score is 5.71.
Mazagon Dock Shipbuilders Ltd
Mazagon Dock Shipbuilders Ltd, established in 1934, is a premier shipbuilding yard in India. The company constructs warships, submarines, and commercial vessels for both domestic and international clients.
As of 3rd December 2024, Mazagon Dock Shipbuilders Ltd has a market capitalisation of Rs. 92,659.41 cr., with its stock closing at Rs. 4,704.90. The PE ratio is 47.84, and the 1-year return is 132.91%. The fundamental score is 6.34.
PB Fintech Ltd
PB Fintech Ltd, the parent company of Policybazaar and Paisabazaar, is a leading online platform for insurance and financial product aggregation in India. It was founded in 2008 and is a pioneer in the digital financial services sector.
As of 3rd December 2024, PB Fintech Ltd has a market capitalisation of Rs. 86,444.37 cr., with a closing price of Rs. 1,926.25. The PE ratio is a high 1290.60, and the 1-year return is 129.26%. The fundamental score is 10.00.
Oil India Ltd
Oil India Ltd, established in 1959, is a state-owned enterprise engaged in the exploration, production, and transportation of crude oil and natural gas in India.
As of 3rd December 2024, Oil India Ltd has a market capitalisation of Rs. 79,801.38 cr., with a closing price of Rs. 490.30. The PE ratio is 12.60, and the 1-year return is 124.09%. The fundamental score is 7.75.
By carefully analysing market trends and the financial performance of the midcap shares to buy, you can identify those that have the potential to deliver strong returns over the long term.
Investing in Mid-cap Stocks with smallcase
You can also invest in a basket of mid-cap stocks via smallcase. Simply go to smallcase.com or the smallcase app, and log in via your phone number. Then, go to ‘Discover‘ and enter ‘mid-cap‘ in the search bar and hit enter. You’ll find an array of stock portfolios with mid-cap companies in India. Filter the choices based on minimum investment amount, volatility, or the theme of the smallcase. Just pick the one that fits your investment criterion.
Make sure that you do your diligent research around the top mid-cap shares in India before picking the right stock, keeping in mind your long-term investment goals and risk appetite.
How to Invest in Mid-cap Stocks?
If you’re looking for the best mid-cap stocks to buy that align with your financial goals, let’s make the process easier for you. Any investment portfolio should have an ideal mix of small-cap, mid-cap, and large-cap stocks, which helps diversify and minimise risk in the long run. One can buy top mid-cap shares in India individually or by buying mutual funds or exchange-traded funds (ETFs) that invest in mid-cap companies. Growth and value investing strategies are often used when investing in NSE mid-cap stocks.
You can track the best-performing mid-cap companies in India with the help of the Nifty mid-cap index, which captures the movements and forms a benchmark for the mid-cap segment of the market. You can then invest in individual stocks from the Nifty mid-cap 100 index with your Demat account.
However, if you’re confused about which stocks to pick, you can explore smallcases:
- smallcases are readymade portfolios of stocks/ETFs, that are based on a theme idea or strategy
- They’re created and managed by SEBI-registered experts
- smallcase.com offers over 200+ stock portfolios, created by 180+ managers
- Some of the popular smallcases among new investors are as follows:
Disclosures for aforementioned smallcases
Why Should You Invest in Mid-cap Stocks?
- The top mid-cap stocks on the NSE offer the best of large-cap and small-cap stocks as they provide returns with moderated risk. Mid cap companies in India have a higher chance of expansion and growth than small-cap companies; thus, a higher potential for growth exists.
- There is also a higher return potential as they allow substantial dividends and will allow value appreciation since they are in their growth phase.
- There is more information available to read and analyse about the top mid-cap shares than small-cap shares, so an investor can do a details analysis of the information before making a decision.
However, there are also risks associated with investing in long term mid cap stocks. They can be more volatile than large-cap stocks and are more likely to be impacted by market downturns. Additionally, list of mid cap stocks in NSE may have less liquidity, making it harder to sell them quickly.
Factors to Consider Before Investing in Mid-cap Stocks
When looking for the best mid-cap stocks to buy in India, it’s crucial to weigh several key factors to make informed decisions tailored to your financial objectives:
- Risk Tolerance: These stocks often carry higher volatility than large-caps. Assess your risk tolerance to align your investment strategy with your comfort level during market fluctuations.
- Company Stability: Check the financial health and stability of mid-cap companies. Analyse balance sheets, cash flow, and debt levels to gauge the company’s resilience in varying market conditions.
- Market Conditions: Consider the broader economic landscape. Even the top mid-cap stocks may respond differently to economic shifts than large or small-caps. Evaluate current market conditions and potential impacts on mid-cap sectors.
- Growth Potential: Assess the growth prospects of mid-cap companies in India. Research their competitive positioning, industry trends, and growth catalysts to gauge their potential for future expansion.
- Diversification: Maintain a diversified portfolio to mitigate risks associated with individual stocks. Balancing mid-caps with other asset classes can enhance portfolio stability.
- Liquidity: Evaluate the liquidity of the top mid-cap shares in India. Ensure there is ample trading volume to facilitate buying or selling without significant market impact.
Who Should Invest in Mid-cap Stocks?
Investing is often about finding the right match for your financial goals and risk tolerance, and mid-cap stocks on the NSE can be an exciting opportunity for the right investor. But how do you know if these stocks align with your investment strategy? Here are a few things which will help you understand if the top mid-cap stocks are the right choice for you.
Investors Seeking Growth with Moderate Risk
Mid-cap stocks generally have more growth potential than large-caps but with lower risk compared to small-caps. Investors who want to capitalise on a company’s growth trajectory while still managing their risk exposure may find mid-caps an ideal choice. They offer the potential for higher returns than large-cap stocks without the extreme volatility often seen in small-caps.
Long-Term Investors
These stocks are ideal for investors with a long-term investment horizon. While these stocks can be volatile in the short term, they tend to outperform over the long run, as many mid-cap companies have the potential to grow into large-cap giants. Patience can be rewarding as these companies scale up and capture larger market shares.
Portfolio Diversifiers
These stocks are a great option for those looking to diversify their portfolio. The best mid-cap stocks to buy in India offer exposure to companies that are not as mature as large-caps but are more established than small-caps. Including these stocks in a portfolio helps balance risk and provides a good blend of stability and growth potential.
Investors with Moderate Risk Tolerance
Mid-cap stocks are not immune to market volatility, but they generally offer a safer bet than small-cap stocks, which are more vulnerable to market fluctuations. Investors with moderate risk tolerance, who are willing to accept some volatility in exchange for the potential of significant capital appreciation, may find mid-caps appealing.
Features of Mid-cap Stocks
Mid-cap stocks are an essential category for investors seeking a balance between growth potential and moderate risk. These stocks represent companies with a moderate market capitalisation, typically between Rs. 5,000 cr. and Rs. 20,000 cr. Here are the prominent features of top mid cap stocks:
Volatility
Mid-cap stocks tend to exhibit moderate volatility. They are less volatile than small-cap stocks but more volatile compared to large cap stocks list on NSE. Many mid-cap companies in India are in their growth stage, which makes their market position dynamic and more prone to fluctuations.
Liquidity
Although mid-cap companies are generally less liquid than large-cap companies, they tend to have better liquidity compared to small-cap companies. This improved liquidity arises from their established reputations and relatively stable market presence, making it easier for investors to buy or sell these stocks at fair prices.
Growth Potential
Mid-cap stocks often have a significant growth trajectory, with the potential to transform into large-cap companies over time. Being in their growth stage, these companies can deliver rapid growth rates, sometimes rivalling the performance of large-cap stocks. Investors looking for higher returns often consider mid cap shares to buy, as they offer a balance of growth and risk.
Risks of Investing in Mid-cap Stocks
Investing in mid-cap stocks can be rewarding, but it also carries unique risks. If you are considering adding mid cap shares to your portfolio, understanding these risks is crucial:
Heightened Volatility
Mid-cap stocks can be significantly affected by market fluctuations. This volatility often arises from their reliance on a single business line or a limited customer base. During periods of market uncertainty, mid-cap stocks may experience sharper price movements, which can directly impact your investment returns.
Market Options Constraint
When exploring the mid-cap stocks list, you may notice that this segment offers fewer options compared to large-cap or small-cap stocks. This constraint can pose challenges when trying to identify the best midcap share to buy, as the available opportunities may not align with your investment goals.
Risks in Market Speculation
Mid-cap stocks, especially those on the NSE, are sometimes subject to speculative trading. While speculative price surges may seem attractive, they can mask underlying financial weaknesses. It’s essential to evaluate a company’s historical financial performance to determine whether it has the stability to sustain its growth and overcome market fluctuations.
Growth Potential of Mid-cap Companies
Investors often consider mid-cap companies in India as a bridge between small-cap and large-cap stocks. Their ability to adapt to market trends and seize growth opportunities makes them a desirable choice for long-term investment. Industries like IT often offer the best midcap IT stocks for long term gains, as these companies frequently expand their market share in emerging sectors.
Additionally, the best mid-cap shares are known for their potential to outperform in favourable market conditions. By identifying top mid-cap companies in India with a proven track record, you can leverage their growth potential while diversifying your investment portfolio.
Advantages of Investing in Mid-cap Stocks
These are the advantages of investing in the best mid-cap stocks in India.
- Unlocking Growth Potential: Mid-cap companies in India continue their rapid expansion, potentially gaining broader market recognition and substantial stock price growth.
- Enhanced Diversification: While many investors begin with large-cap or multi-cap stocks, incorporating mid-cap shares into your portfolio offers valuable diversification. This addition can help mitigate overall portfolio volatility.
- Expert-Led Active Management: Experienced share managers specialise in actively overseeing the best mid-cap stocks to buy for long-term financial growth and identifying high-growth potential companies. Fund houses employ dedicated teams for in-depth research, financial analysis, and active monitoring of portfolio company performance.
To Wrap It Up…
Investing in mid-cap stocks on the NSE can be a great way to build a diversified investment portfolio and achieve long-term growth. By focusing on the best mid-cap stocks to buy in India, you can strengthen your portfolio’s performance while mitigating risks associated with market volatility. However, it’s important to understand the risks associated with these stocks and conduct thorough research on mid-cap companies in India before investing.
FAQs
Some of the best mid-cap stocks in India are:
– Ge T&D India Ltd
– Godfrey Phillips India Ltd
– Motilal Oswal Financial Services Ltd
Note: This list is for educational purposes only and not recommendatory.
You can invest in a basket of mid-cap shares via smallcase. Simply go to smallcase.com or the smallcase app, and log in via your phone number. Then, go to ‘Discover‘ and enter ‘mid-cap‘ in the search bar and hit enter. You’ll find an array of stock portfolios that have mid-cap companies.
The best mid-cap stocks for long term offer portfolio stability while preserving a stronger growth potential than large-caps, delivering a valuable boost. However, investors must do their own research and/or consult their financial advisor before investing.
Mid-cap stocks are ideal for investors seeking a balance between growth and risk. These stocks offer the potential for higher returns than large-cap stocks while being less volatile than small-caps.
While subject to interpretation, mid-cap shares may outperform small-cap stocks in specific scenarios. Small-cap stocks, despite potentially delivering greater growth and returns, exhibit high volatility. Consequently, they provide a balance of solid returns, stability, and affordability.
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