When you invest in the right stocks, the stock market journey can be rewarding. Picking the right stocks entails picking the right company, and you know there are more than 2000 companies to choose from.
Large-cap stocks are known for their stability, but they may not deliver rapid growth. On the other hand, small-cap stocks can yield impressive returns but come with higher volatility. Mid-cap stocks, however, strike a balance between the two. They offer growth opportunities as well as moderate risk.
If you're looking for steady investment growth without the extreme fluctuations of the market, mid-cap stocks might be a suitable option.
In this guide, we’ll explain mid-cap stocks and highlight some of the best ones in India.
What are Mid-cap Stocks?
Mid-cap stocks in India refer to companies with a market capitalisation ranging between Rs 5,000 crores and Rs 20,000 crores. These companies are often in a growth phase, with their market value, profits, and overall valuations on an upward trajectory.
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Here is a list of top 10 mid cap stocks in India:
​​​​​​​
|
S.No.
|
Name
|
Market Cap (in Crores)
|
ROCE %
|
|
1
|
Hatsun Agro Product Ltd
|
25921.22
|
13.19
|
|
2
|
Jyoti CNC Automation Ltd
|
25916
|
21.22
|
|
3
|
Shyam Metalics & Energy Ltd
|
25756.89
|
10.79
|
|
4
|
Aegis Logistics Ltd
|
25665.12
|
14.74
|
|
5
|
Nuvama Wealth Management Ltd
|
25662.03
|
16.54
|
|
6
|
EIH Ltd
|
25614.92
|
23.62
|
|
7
|
CESC Ltd
|
25579.53
|
11.6
|
|
8
|
Laurus Labs Ltd
|
25135.61
|
6.6
|
|
9
|
Ratnamani Metals & Tubes Ltd
|
25090.13
|
27.72
|
|
10
|
Amara Raja Energy & Mobility Ltd
|
25052.51
|
18.74
|
Hatsun Agro Product is one of the largest private players in India’s dairy sector. The company began its journey with Arun Icecreams and has since expanded its product offerings.
Today, it markets milk and curd under the brands Arokya and Hatsun through 2,500 HAP Daily stores. Its ice cream segment includes Arun, which is a popular brand in South India, and a premium brand IBACO.
Jyoti CNC Automation is in the business of manufacturing simultaneous 5-axis CNC machines and holds a 10% share of the domestic market. The company designs and produces precision tools for industries such as aerospace, defence, automotive components and general engineering.
Shyam Metalics is in the manufacturing business of steel and related products such as pellets, sponge iron, TMT bars, long products, ferroalloys, and power generation.
It ranks as the 6th largest integrated steel producer in India and produces ferroalloys and sponge iron.
Aegis Logistics offers logistics solutions for oil, gas, chemicals, and petrochemicals. It operates bulk liquid and LPG terminals, pipelines, filling plants, and gas stations, serving industrial and retail clients.
Nuvama Wealth Management Ltd operates in the areas of broking, equity trading, and investment advisory. It is registered with SEBI as an investment adviser and merchant banker.
EIH owns and manages high-end luxury hotels and cruisers. Some of its flagship brands are Oberoi, Trident, and Maidens. In addition to hospitality, the company also operates in flight catering, airport restaurants, project management, and corporate air charter services.
CESC is the flagship company of the RP-Sanjiv Goenka Group and was the first fully integrated private electrical utility in India. It manages power generation, transmission, and distribution across Kolkata, Hooghly, Howrah, and North and South 24 Parganas in West Bengal.
Laurus Labs is a pharmaceutical and biotechnology company focused on research and innovation. It holds a leading global position in select APIs, for antiretroviral, oncology, cardiovascular, and gastrointestinal treatments.
Ratnamani Metals & Tubes Ltd manufactures stainless steel and carbon steel pipes and tubes from its facilities in India.
The company supplies products to industries such as oil & gas, refineries, thermal and nuclear power, chemicals, petrochemicals, fertilisers, water distribution, pharmaceuticals, automobiles, infrastructure, and more.
Amara Raja Batteries Limited
Amara Raja Batteries Limited is a leading manufacturer of lead-acid batteries for industrial and automotive applications in India. It is recognised as a technology leader within the country’s storage battery industry.
Wrapping Up
Investing in mid-cap stocks on the NSE is a great way to diversify your portfolio and aim for long-term growth.
By choosing top mid-cap stocks in India, you can boost your returns and at the same time manage the risks of market ups and downs. However, it’s important to understand the risks and do proper research before investing.
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