Mid-Cap Stocks in India: 2025 List of Companies to Watch

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.

List of Trending Mid-cap Stocks in India

Here is a list of some of the best mid-cap stocks to buy in India. 

Disclaimer: Please note that the above table is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Note: The data is from 8th January 2025. However, for real-time updates on stock prices and market trends, visit the Tickertap Stock Screener today!

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• Market Cap > Mid Cap
• 1Y Return: Sorted by Highest to Lowest
• Fundamental Score: Set to Positive

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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.

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.

GE Vernova T&D India Ltd

GE Vernova T&D India Ltd operates in the heavy electrical equipment sub-sector, specialising in power transmission and distribution solutions. The company, a part of GE Vernova, provides advanced grid solutions to enable reliable and efficient energy transmission.

GE Vernova T&D India Ltd has a market capitalisation of Rs. 50,982.71 cr. and a closing price of Rs. 1991.15. Its price-to-earnings (PE) ratio is 281.59, with a 1-year return of 239.06%. The fundamental score is 4.15.

Motilal Oswal Financial Services Ltd

Motilal Oswal Financial Services Ltd, founded in 1987, operates in the diversified financials sub-sector. The company offers services including wealth management, asset management, and broking, with a strong focus on research-driven investment strategies.

Motilal Oswal Financial Services Ltd has a market capitalisation of Rs. 56,338.18 cr. and a closing price of Rs. 940.10. Its PE ratio is 23.08, with a 1-year return of 182.98%. The fundamental score is 10.00.

Hitachi Energy India Ltd

Hitachi Energy India Ltd, a subsidiary of Hitachi Energy, operates in the heavy electrical equipment sub-sector. Established in 2020 after a merger with ABB’s power grids division, the company specialises in sustainable energy solutions, including transformers and grid automation systems.

Hitachi Energy India Ltd has a market capitalisation of Rs. 60,627.41 cr. and a closing price of Rs. 14,305.10. Its PE ratio is 370.18, with a 1-year return of 154.32%. The fundamental score is 5.80.

PB Fintech Ltd

PB Fintech Ltd, the parent company of Policybazaar and Paisabazaar, operates in the online services sub-sector. Founded in 2008, it is a leader in digital financial services, providing a platform for insurance and loan comparison and purchase.

PB Fintech Ltd has a market capitalisation of Rs. 91,482.31 cr. and a closing price of Rs. 2002.85. The PE ratio is 1365.82, with a 1-year return of 146.46%. The fundamental score is 10.00.

BSE Ltd

BSE Ltd, established in 1875, is Asia’s oldest stock exchange, operating in the stock exchanges and ratings sub-sector. The company provides a robust platform for trading equity, debt instruments, and derivatives, along with offering depository services.

BSE Ltd has a market capitalisation of Rs. 73,108.65 cr. and a closing price of Rs. 5400.40. Its PE ratio is 93.92, with a 1-year return of 137.37%. The fundamental score is 6.13.

Rail Vikas Nigam Ltd

Rail Vikas Nigam Ltd, incorporated in 2003, operates in the specialised finance sub-sector. It is a government-owned company focusing on infrastructure development for the Indian Railways, including rail tracks, electrification, and signalling projects.

Rail Vikas Nigam Ltd has a market capitalisation of Rs. 87,028.74 cr. and a closing price of Rs. 417.40. The PE ratio is 55.28, with a 1-year return of 129.21%. The fundamental score is 6.71.

Blue Star Ltd

Blue Star Ltd, established in 1943, operates in the home electronics and appliances sub-sector. It is a leading manufacturer of air conditioning and refrigeration products, offering innovative solutions for residential, commercial, and industrial use.

Blue Star Ltd has a market capitalisation of Rs. 43,295.28 cr. and a closing price of Rs. 2105.65. Its PE ratio is 104.34, with a 1-year return of 121.04%. The fundamental score is 2.55.

Oil India Ltd

Oil India Ltd, incorporated in 1959, is a state-owned enterprise in the oil and gas exploration and production sub-sector. It is the second-largest hydrocarbon exploration company in India, with significant onshore and offshore operations.

Oil India Ltd has a market capitalisation of Rs. 79,980.31 cr. and a closing price of Rs. 491.70. The PE ratio is 12.62, with a 1-year return of 97.13%. The fundamental score is 6.75.

Housing and Urban Development Corporation Ltd

Housing and Urban Development Corporation Ltd (HUDCO), established in 1970, operates in the specialised finance sub-sector. It provides financial assistance for housing and urban infrastructure projects, focusing on affordable housing initiatives.

Housing and Urban Development Corporation Ltd has a market capitalisation of Rs. 47,733.30 cr. and a closing price of Rs. 238.44. The PE ratio is 22.55, with a 1-year return of 91.98%. The fundamental score is 5.26.

Kalyan Jewellers India Ltd

Kalyan Jewellers India Ltd, founded in 1993, operates in the precious metals, jewellery, and watches sub-sector. The company is one of India’s largest jewellery retailers, offering an extensive range of gold, diamond, and platinum ornaments.

Kalyan Jewellers India Ltd has a market capitalisation of Rs. 72,860.59 cr. and a closing price of Rs. 706.40. The PE ratio is 121.97, with a 1-year return of 89.71%. The fundamental score is 3.61.

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.

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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.

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.

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 capitalization, typically between Rs. 5,000 cr. and Rs. 20,000 cr. Here are the prominent features of top midcap stocks in India:

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 stocks in India are in their growth stage, making their market position dynamic and prone to fluctuations. This is one reason investors often seek good mid cap stocks with promising growth potential.

Liquidity

Although mid cap companies in India 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 mid cap stocks to buy 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 best mid cap IT stocks in India or large-cap stocks. Investors looking for higher returns often consider mid cap shares to buy as they provide a balance of growth and risk.

For investors seeking best mid cap stocks for long term, the best mid cap companies in India offer a pathway to substantial returns, especially for those willing to tolerate moderate risk while aiming for long-term gains. Understanding what is midcap stocks in India can help in identifying best mid cap companies in India for a diversified 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 stocks in India continue their rapid expansion, potentially gaining broader market recognition and substantial stock price growth. Investors often review the mid cap stocks list to identify companies with strong fundamentals and high growth trajectories.

Enhanced Diversification

While many investors begin with large-cap or multi-cap stocks, incorporating mid-cap stocks India into your portfolio offers valuable diversification. This addition can help mitigate overall portfolio volatility, especially when focusing on the best midcap stocks India that combine growth and stability.

Expert-Led Active Management

Experienced share managers specialise in actively overseeing the best midcap stocks to buy today 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 mid-cap stocks in India to maximise returns for investors.

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.

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.

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.

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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.

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