The BSE Midcap index tracks the performance of mid-sized companies listed on the Bombay Stock Exchange (BSE). These are companies that are considered to have a market capitalization between small-cap and large-cap stocks, generally ranging from ₹5,000 crore to ₹20,000 crore. These companies are often seen as having growth potential, but may also carry more risk compared to large-cap stocks.
BSE Midcap Stock List (2024)
The BSE Midcap index comprises 50 stocks from various sectors. Here is a list of stocks that are part of the BSE Midcap index as of the latest data:
- Adani Green Energy
- Aarti Industries
- Ambuja Cements
- Apollo Tyres
- Ashok Leyland
- Balkrishna Industries
- Bata India
- Birla Corporation
- Cholamandalam Investment and Finance
- Cipla
- Colgate-Palmolive
- Cummins India
- Dr. Lal PathLabs
- Eicher Motors
- Granules India
- Havells India
- Hindustan Zinc
- IPCA Laboratories
- Indian Hotels Company
- Indraprastha Medical
- Jindal Steel and Power
- JSW Energy
- L&T Technology Services
- M&M Financial Services
- Motherson Sumi
- NCC Limited
- Nestle India
- Page Industries
- PI Industries
- Power Grid Corporation
- SBI Cards and Payments
- Shriram Transport Finance
- Sterlite Technologies
- Sun Pharmaceuticals
- Syngene International
- Tata Chemicals
- Tata Motors
- Tata Steel Long Products
- The India Cements
- UPL Limited
- V-Mart Retail
- Varun Beverages
- VST Industries
- Zee Entertainment
- Wockhardt
- Torrent Pharmaceuticals
- Birla Soft
- Godrej Properties
- Muthoot Finance
- Navin Fluorine International
Key Characteristics of Midcap Stocks:
- Growth Potential: Midcap companies often have significant growth potential compared to large-cap companies. However, they might also be more volatile and riskier.
- Diversification: The BSE Midcap index covers stocks from a broad range of sectors, including pharmaceuticals, cement, automobiles, energy, IT, consumer goods, and more.
- More Volatility: Midcap stocks tend to have higher volatility than large-cap stocks, but also provide higher returns during strong market conditions.
- Strong Market Position: Midcap companies typically have a strong presence in their respective industries, but they are still expanding and improving market share.
Sector Distribution of BSE Midcap Stocks:
- Automobiles: Ashok Leyland, Motherson Sumi, Tata Motors, Eicher Motors
- Cement: Ambuja Cements, Birla Corporation, India Cements
- Pharmaceuticals: Cipla, Dr. Lal PathLabs, IPCA Laboratories, Torrent Pharmaceuticals, Sun Pharmaceuticals
- Energy: Adani Green Energy, JSW Energy, Power Grid Corporation
- IT & Technology: L&T Technology Services, PI Industries, Birla Soft
- Consumer Goods: Bata India, Colgate-Palmolive, Nestle India, V-Mart Retail
- Financials: Cholamandalam Investment and Finance, SBI Cards, Muthoot Finance, Shriram Transport Finance
- Metals: Jindal Steel and Power, Tata Steel Long Products
Conclusion:
The BSE Midcap index provides a good representation of mid-sized companies in India. These stocks offer an opportunity for growth, especially for investors willing to take on some additional risk compared to large-cap stocks. Many of these companies are industry leaders in their respective sectors and are positioned for growth, but investors should be mindful of the inherent volatility in midcap stocks.