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These are the top-performing midcaps when Sensex surged by around 1,500 points

Geyatee Deshpande
/ Categories: Mindshare, DSIJ News
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These are the top-performing midcaps when Sensex surged by around 1,500 points

Sensex quickly recovered from its Monday’s crash, which is considered to be its biggest fall in over two months. Along with the Indian benchmark indices, midcaps have also kept up with the run.  

Sensex has gained by nearly 3 per cent since February 23, 2021 and was seen trading at 51,153.14 levels on Thursday.  

Though it may appear that the broader markets have taken a breather from their strong rallies since the beginning of the year, midcaps have actually continued to outperform, rewarding investors with high returns.  

Some of the reasons for gains in midcaps seem to be better-than-expected Q3FY21 results, positive company-specific news, and demand growth in the respective sector, etc.  

Recent banking and financial stocks were seen inching higher on government announcements while the shares of Aditya Birla & Fashion Retail Ltd (ABFRL) gained on the company’s announcement to form a new entity with an aim to launch a contemporary men's ethnic wear brand

Some of the top performing midcaps are as below:  

Company name  

Sector  

Returns since February 23, 2021 TD  

Aditya Birla Capital Ltd  

Finance  

7.59  

Aditya Birla Fashion & Retail Ltd 

Retailing  

6.54  

AU Small Finance Bank Ltd  

Bank  

5.94  

ABB India Ltd 

Capital Goods  

5.7  

Union Bank of India  

Bank  

5.41  

Bharat Heavy Electricals Ltd  

Capital Goods  

5.4  

L&T Finance Holdings Ltd 

Finance  

4.51  

RBL Bank Ltd 

Bank  

4.38  

Honeywell Automation India Ltd 

Consumer Durables  

4.26  

Federal Bank Ltd 

Bank  

4.06  

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