List of Top Mid-cap Stocks in India (2025)
Mid-cap stocks represent companies that fall between large and small caps in terms of market capitalisation. These companies often operate with established business models while still having room for expansion. This article provides an overview of the best mid-cap stocks in India, covering their benefits, risks, and important factors to consider before investing.
Best Mid-cap Stocks for 2025
Tuesday, 26 August, 2025
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CUMM | Cummins India Ltd | CUMMINSIND | /stocks/cummins-india-CUMM | Industrial Machinery | 3,836.50 | 3,932.00 | 2,580.00 | 106,347.78 | 53.18 | 38.01 | 14.06 | 1.34 | 28.22 | -0.62 | 217.99 | 707.34 | Largecap | Capital Goods | Machinery | Construction Machinery & Heavy Transportation Equipment | -1.13 |
| HDFA | HDFC Asset Management Company Ltd | HDFCAMC | /stocks/hdfc-asset-management-company-HDFA | Asset Management | 5,759.50 | 5,927.50 | 3,563.05 | 123,217.97 | 50.08 | 16.54 | 15.16 | 1.56 | 32.36 | 30.73 | 175.63 | 133.08 | Largecap | Financial Services | Capital Markets | Asset Management & Custody Banks | -2.25 |
| HZNC | Hindustan Zinc Ltd | HINDZINC | /stocks/hindustan-zinc-HZNC | Mining - Diversified | 430.15 | 575.40 | 378.15 | 181,752.10 | 17.56 | 27.67 | 13.64 | 6.75 | 72.60 | -18.55 | 50.85 | 90.33 | Largecap | Materials | Metals & Mining | Diversified Metals & Mining | -1.05 |
| MANKI | Mankind Pharma Ltd | MANKIND | /stocks/mankind-pharma-MANKI | Pharmaceuticals | 2,557.10 | 3,054.80 | 2,115.10 | 105,538.87 | 53.01 | 37.34 | 7.24 | 0.00 | 16.49 | 8.68 | 79.79 | 79.79 | Largecap | Pharmaceuticals, Biotechnology & Life Sciences | Pharmaceuticals | Pharmaceuticals | -2.15 |
| MAXE | Max Healthcare Institute Ltd | MAXHEALTH | /stocks/max-healthcare-institute-MAXE | Hospitals & Diagnostic Centres | 1,183.40 | 1,314.30 | 836.60 | 115,053.32 | 106.94 | 36.62 | 12.26 | 0.13 | 12.10 | 37.47 | 212.49 | 854.35 | Largecap | Health Care Equipment & Services | Health Care Providers & Services | Health Care Facilities | -3.11 |
| MAZ | Mazagon Dock Shipbuilders Ltd | MAZDOCK | /stocks/mazagon-dock-shipbuilders-MAZ | Shipbuilding | 2,755.70 | 3,775.00 | 1,918.05 | 111,159.43 | 46.06 | 38.50 | 17.80 | 0.94 | 35.21 | 27.95 | 1,654.94 | 3,105.23 | Largecap | Capital Goods | Machinery | Aerospace & Defense | -2.46 |
| MUTT | Muthoot Finance Ltd | MUTHOOTFIN | /stocks/muthoot-finance-MUTT | Consumer Finance | 2,673.10 | 2,807.00 | 1,756.05 | 107,316.54 | 20.12 | 16.54 | 3.58 | 0.97 | 19.13 | 38.06 | 155.20 | 121.59 | Largecap | Financial Services | Consumer Finance | Consumer Finance | -0.76 |
| POLC | Polycab India Ltd | POLYCAB | /stocks/polycab-india-POLC | Electrical Components & Equipments | 7,064.00 | 7,605.00 | 4,555.00 | 106,329.63 | 52.64 | 38.01 | 10.73 | 0.50 | 22.26 | 4.40 | 193.31 | 668.54 | Largecap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | -0.11 |
| SLIN | Solar Industries India Ltd | SOLARINDS | /stocks/solar-industries-india-SLIN | Commodity Chemicals | 14,654.00 | 17,820.00 | 8,482.50 | 132,604.13 | 109.64 | 28.06 | 29.14 | 0.07 | 30.32 | 39.26 | 327.14 | 1,182.79 | Largecap | Materials | Chemicals | Commodity Chemicals | -2.87 |
| UNBK | Union Bank of India Ltd | UNIONBANK | /stocks/union-bank-of-india-UNBK | Public Banks | 133.04 | 158.65 | 100.81 | 101,557.49 | 5.63 | 16.80 | 0.89 | 3.57 | 17.05 | 6.81 | 214.52 | 335.48 | Largecap | Banks | Banks | Diversified Banks | -2.53 |
Disclaimer: Please note that the above mid-cap stocks 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 on this mid-cap stocks list for 2025 is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener.
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What are Mid-cap Stocks?
Mid-cap stocks in India have a market capitalisation of more than ₹5,000 cr. but less than ₹20,000 cr., and fall 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.
What is the Nifty Midcap Index?
The Nifty Midcap Index tracks the performance of 100 mid-sized companies listed on the National Stock Exchange (NSE), and shows the collective performance of 100 mid-sized companies.
About the Top Mid-cap Stocks in India
- Hindustan Zinc Ltd: India’s largest zinc-lead miner, Hindustan Zinc is a Vedanta Group company with operations spanning mining, smelting, and power generation.
- Solar Industries India Ltd: Solar Industries, among the mid-cap stocks in energy sector, is a global manufacturer of industrial and defence explosives. The company serves mining, infrastructure, and defence sectors with a presence in over 50 countries.
- Mazagon Dock Shipbuilders Ltd: A key defence public sector unit, Mazagon Dock specialises in building warships and submarines for the Indian Navy and offshore platforms for commercial clients.
- HDFC Asset Management Company Ltd: HDFC AMC manages a range of mutual funds across equity, debt, and hybrid categories. It is one of the mid-cap stocks in financial services sector that serves retail and institutional investors.
- Max Healthcare Institute Ltd: Max Healthcare is one of the mid-cap stocks in pharma sector that runs a chain of hospitals and medical centres across India. It offers services in oncology, neurology, orthopaedics, and more.
How to Invest in Mid-cap Stocks?
Here is how one can invest in the best mid-cap stocks for 2025 in India:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into existing and emerging mid-cap stocks for 2025 in India that are of interest to you. Investors can use tools like the Tickertape Stock Screener to do this. The screener offers 200+ built-in filters to choose from, and investors can choose the parameters to research.
- Place a ‘Buy’ Order on the mid-cap stocks in India of your choosing.
Benefits of Investing in Mid-cap Stocks
- Strong Growth Potential: Many mid-cap stocks for investment come from companies in their expansion phase. These businesses often scale faster than large caps, offering higher returns as they grow market share and improve margins.
- Sector Diversification: Mid-cap stocks span across multiple high-growth sectors such as pharma, IT, manufacturing, and infrastructure. Investing in mid-cap stocks offers diversified exposure to India’s economic growth.
- Balance of Stability and Returns: Mid-cap stocks with strong fundamentals often strike a balance between the volatility of small caps and the maturity of large caps.
- Participation in Emerging Leaders: Some top mid-cap stocks in India belong to companies that have grown steadily within their sectors. With time, these companies have the potential to become future large caps.
Risks of Investing in Mid-cap Stocks
- Limited Access to Capital: Many mid-cap companies may not have the same access to funding as large-cap peers. This can affect their ability to scale operations or withstand business slowdowns, especially in capital-intensive sectors like infrastructure or manufacturing.
- Business Concentration: Several mid-cap stocks in India depend heavily on a single product, market, or client group. This lack of diversification can increase vulnerability to sector-specific downturns or policy shifts, especially in regulated industries like pharma or financial services.
- Earnings Volatility: Earnings for some mid-cap companies may fluctuate across quarters due to input cost changes, demand shifts, or execution delays. This volatility can affect how investors view mid-cap stocks for long-term investment, especially in cyclical sectors.
Factors to Consider Before Investing in Mid-cap Stocks
- Financial Stability: Some mid-cap stocks with strong fundamentals reflect stable cash reserves, manageable debt, and sustained earnings. These indicators may help frame the company’s ability to fund growth, manage downturns, or reinvest in operations without relying heavily on external capital.
- Sector Influence: Sector-specific trends are one of the key factors that may influence mid-cap stocks’ growth potential. For instance, demand cycles, policy changes, or global developments can affect the performance of mid-cap stocks in infrastructure, IT, or pharma. Understanding the broader industry environment can offer useful context.
- Shareholding Patterns: Promoter holding levels and the extent of pledging can signal internal confidence or financial pressure. Mid-caps with stable ownership structures may reflect more disciplined capital management.
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To Wrap It Up…
Mid-cap stocks continue to attract attention due to their position between early-stage growth and large-scale maturity. Their presence across sectors like manufacturing, IT, pharma, and infrastructure shows the diversity of India’s economic activity. While some mid-cap stocks in India have expanded steadily over time, their performance can vary based on sectoral dynamics, company fundamentals, and market conditions. Understanding these elements may offer useful context for those tracking this segment.
Frequently Asked Questions About Mid Cap Stocks
1. How can I invest in mid-cap stocks?
Mid-cap stocks refer to shares of companies with a medium-range market capitalisation, typically between ₹5,000 cr and ₹20,000 cr. Mid-cap stocks vary by industry; for example, mid-cap stocks in consumer goods often cater to domestic consumption trends, while those in IT or pharma may follow different growth patterns.
2. Are mid-cap stocks included in global indices?
Yes, select mid-cap stocks are included in global indices such as the FTSE Global Mid-cap Index, which can lead to increased foreign inflows.
3. Why are mid-cap stocks considered volatile?
Mid-cap stocks generally have lower liquidity than large caps and are more sensitive to changes in investor sentiment and fund flows.
4. What are mid-cap stocks with high dividend yield?
As of 20th August, some of the mid-cap stocks with high dividend yield are:
- Hindustan Zinc Ltd
- Union Bank of India Ltd
- Oracle Financial Services Software Ltd
- NMDC Ltd
- Bank of India Ltd
Note: This is only for information purposes, and not a stock recommendation.
5. Are mid-cap ETFs available in India?
Yes, ETFs tracking indices such as the Nifty Midcap 150 and Nifty Midcap Select are available.
6. What are the top mid-cap stocks in FMCG sector?
Mid-cap stocks in FMCG sector represent companies that operate in the fast-moving consumer goods space with a medium-sized market capitalisation. Some of these companies are:
- Marico Ltd
- Vishal Mega Mart Ltd
- Colgate-Palmolive (India) Ltd
7. What are some of the mid-cap stocks with high returns?
As of 20th August, some of the Nifty 100 mid-cap stocks sorted based on 6 months’ return include:
- Aditya Birla Capital Ltd
- One 97 Communications Ltd
- Solar Industries India Ltd
- L&T Finance Ltd
- Max Financial Services Ltd
Note: The information provided is for educational purposes only and should not be considered a stock recommendation.
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