Stocks that outperformed S&P BSE Midcap index
5paisa Research Team
19th January 2022 - 02:51 pm
The S&P BSE Midcap index witnessed a weak start this week post marking a recovery from the lows in December 2021. Said that, in this article, we would be listing midcap stocks that scored over the midcap index.
The market (S&P BSE Sensex) began its journey of recovery in the mid December 2021 post making a low of 55,133 and breached its previous high of 59,203 to make a new high of 61,475. However, markets started to move in a corrective phase. Despite this, the midcaps outperformed the large-caps.
Post making a stunning recovery from the December 2021 lows, the S&P BSE Midcap index seem to be under pressure and began to inch downwards. At present, it is taking very good support at the 50% Fibonacci level of 25,312. In the year 2021, the S&P BSE Sensex returned 21.99%, while the S&P BSE Midcap index posted returns of 39.18%. Said that, at present the mood of the mid caps or even large caps is not in good shape.
In last three months, the midcap index generated returns of negative 5.64%. Despite this, there were stocks that outperformed it. Here is the list of top 15 midcap stocks that outperformed the S&P BSE Midcap Index.
|
Stocks |
3-Month Returns (%) |
S&P BSE Mid-Cap 3-Month Returns (%) |
Outperformance (%) |
|
Rajesh Exports Ltd. |
44.17 |
-5.64 |
49.81 |
|
ABB India Ltd. |
29.10 |
-5.64 |
34.74 |
|
Aditya Birla Capital Ltd. |
18.97 |
-5.64 |
24.61 |
|
Aditya Birla Fashion and Retail Ltd. |
16.98 |
-5.64 |
22.62 |
|
Page Industries Ltd. |
16.83 |
-5.64 |
22.47 |
|
Glaxosmithkline Pharmaceuticals Ltd. |
16.08 |
-5.64 |
21.72 |
|
Procter & Gamble Hygiene & Health Care Ltd. |
14.21 |
-5.64 |
19.85 |
|
Bajaj Holdings & Investment Ltd. |
13.54 |
-5.64 |
19.18 |
|
Canara Bank |
12.72 |
-5.64 |
18.36 |
|
Vodafone Idea Ltd. |
12.26 |
-5.64 |
17.90 |
|
TVS Motor Company Ltd. |
10.54 |
-5.64 |
16.18 |
|
SRF Ltd. |
9.77 |
-5.64 |
15.41 |
|
Torrent Power Ltd. |
8.10 |
-5.64 |
13.74 |
|
Godrej Industries Ltd. |
7.59 |
-5.64 |
13.23 |
|
Biocon Ltd. |
6.93 |
-5.64 |
12.57 |
Tanushree Jaiswal