Midcap stocks showcased strong upward momentum in today’s trading session, with notable gains in sectors such as metals, finance, energy, and real estate. Here’s a look at the top-performing midcap stocks:
Top Gainers in the Midcap Segment
- National Aluminium Company (NALCO): ₹241.85 (+9.99%)
- Strong rally driven by China’s decision to scrap export tax rebates on aluminium products, boosting sentiment for Indian aluminium producers.
- Muthoot Finance: ₹1,880.00 (+5.86%)
- Positive momentum following the company’s Q2 earnings report and upward revision of FY25 loan growth guidance.
- Premier Energies: ₹1,014.30 (+4.68%)
- Gains supported by robust demand for renewable energy solutions and continued expansion in solar energy projects.
- Phoenix Mills: ₹1,454.15 (+4.02%)
- Optimism around retail real estate recovery and strong revenue growth in Q2 FY25.
- Godrej Industries: ₹968.50 (+3.92%)
- Buoyed by positive market sentiment and expectations of robust earnings growth in its diversified business portfolio.
- Suzlon Energy: ₹58.71 (+3.49%)
- Gains supported by increased renewable energy focus and robust project pipeline.
- BSE Limited: ₹4,664.65 (+2.56%)
- Positive traction amid growing investor participation and increased trading volumes on the exchange.
Sectoral Highlights
- Metal Stocks: Continued rally led by NALCO, as global aluminium prices surged following China’s policy changes.
- Financials: Muthoot Finance and others gained amid improved earnings outlook and robust asset growth.
- Renewables: Premier Energies and Suzlon benefited from strong investor interest in renewable energy projects.
- Real Estate: Phoenix Mills drove gains with optimism surrounding retail space recovery and Q2 financial performance.
The midcap segment’s strong performance reflects investor confidence in growth-driven sectors such as metals, finance, and renewables. Market participants will continue to track sectoral developments and policy changes influencing these stocks.
