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12 midcap stocks surge up to 140% in FY26; 3 became multibaggers. Are you holding any?

Midcap Rally
Agencies
1/13
Midcap Rally
The Indian equity market has faced a sharp selloff recently following the escalation of the Iran-US conflict. The benchmark Nifty 50 has plunged around 7.5% since the onset of tensions and is down about 1% for the entire fiscal year 2026. However, the broader Nifty Midcap 150 index has shown more resilience. While it also dipped roughly 7% during the recent period of geopolitical uncertainty, it still boasts a healthy 6.5% gain for FY26.

An in-depth look at the Nifty Midcap 150 stocks reveals a mixed performance for FY26. Nearly half of the constituents delivered positive returns during the fiscal year. Notably, 12 stocks recorded substantial gains ranging from 50% to 140%, including three multibagger performers. (Data Source: ACE Equity)
GE Vernova T&D India
ETMarkets.com
2/13
GE Vernova T&D India
In FY26, the stock surged 141%, climbing from Rs 1,559 to Rs 3,763.

National Aluminium Company
Agencies
3/13
National Aluminium Company
In FY26, the stock surged 109%, moving up from Rs 176 to Rs 367.
Hitachi Energy India
ETMarkets.com
4/13
Hitachi Energy India
In FY26, the stock surged 103%, rising from Rs 12,654 to Rs 25,670.

Apar Industries
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5/13
Apar Industries
In FY26, the stock surged 81%, advancing from Rs 5,540 to Rs 10,014.

L&T Finance
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6/13
L&T Finance
In FY26, the stock surged 71%, increasing from Rs 153 to Rs 261.
AU Small Finance Bank
ETMarkets.com
7/13
AU Small Finance Bank
In FY26, the stock surged 70%, climbing from Rs 535 to Rs 910.
Aditya Birla Capital
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8/13
Aditya Birla Capital
In FY26, the stock surged 70%, rising from Rs 185 to Rs 315.
Indian Bank
ETMarkets.com
9/13
Indian Bank
In FY26, the stock surged 68%, moving from Rs 541 to Rs 909.
Ashok Leyland
Agencies
10/13
Ashok Leyland
In FY26, the stock surged 67%, increasing from Rs 102 to Rs 171.
BSE
Agencies
11/13
BSE
In FY26, the stock surged 58%, advancing from Rs 1,827 to Rs 2,890.
Cummins India
ETMarkets.com
12/13
Cummins India
In FY26, the stock surged 55%, climbing from Rs 3,052 to Rs 4,739.
Nippon Life India Asset Management
Getty Images
13/13
Nippon Life India Asset Management
In FY26, the stock surged 50%, moving up from Rs 579 to Rs 870.
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