Top mid-cap companies that outperformed the mid-cap index

Top mid-cap companies that outperformed the mid-cap index

by 5paisa Research Team Last Updated: 2022-12-15T10:58:36+05:30

Markets have been in a falling mood and declining for the past two months. Said that here is the list of mid-cap stocks that outperformed the Nifty Mid-Cap 150 Index.

The markets presently are not poised well, as it’s been two months now and the pressure is still intact. This fall was not just limited to the Nifty 50, but also to the mid-cap x. Although, the fall was quite intense for Nifty 50 as compared to Nifty Mid-Cap 150.

Having said that, Nifty Mid-Cap 150 index is presently moving in a downward channel of higher highs and higher lows. Breaching the channel on either side would decide the mood of the mid-caps. In the short-term, Nifty Mid-Cap 150 index will face resistance at 11,858 - 12,041 - 12,339 levels, and support at 10886 - 11244 - 11621 levels.

In the period from October 19, 2021, to December 14, 2021 the Nifty 50 index gave negative 5.94% returns, while the Nifty Mid-Cap 150 index gave negative 2.39% returns. Despite such a performance by the Nifty Mid-Cap 150 Index, there are stocks that performed way better than that of the said index.

In the same period, approximately 43% of the 150 mid-cap companies (64 stocks) outperformed the index. There were 24 stocks out of the 64 that provided double-digit returns. Outperformance vs the index typically reflects the stock's strength.

The following is the list of top 10 mid-cap stocks that outperformed the Nifty Mid-Cap 150 Index.

Stocks 

Returns (%) 

Nifty Mid-Cap 150 Returns (%) 

Outperformance (%) 

Vodafone Idea Ltd. 

52.50 

-2.39 

54.89 

Minda Industries Ltd. 

35.50 

-2.39 

37.89 

Adani Total Gas Ltd. 

33.69 

-2.39 

36.08 

Thermax Ltd. 

28.30 

-2.39 

30.69 

SKF India Ltd. 

27.79 

-2.39 

30.17 

Glaxosmithkline Pharmaceuticals Ltd. 

27.44 

-2.39 

29.83 

Escorts Ltd. 

24.55 

-2.39 

26.94 

ABB India Ltd. 

23.09 

-2.39 

25.48 

APL Apollo Tubes Ltd. 

19.90 

-2.39 

22.29 

Zee Entertainment Enterprises Ltd. 

19.74 

-2.39 

22.13 


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