The Nifty Midcap 100 index touched a fresh record high of 61,156, rising 0.7% on November 17, driven by strong gains in IRB Infra and Hero MotoCorp.<\/p>\n
Analysts at Motilal Oswal Financial Services (MOFS) said the mid-cap universe has now delivered its third consecutive quarter of robust earnings, clearly outperforming both large-cap and small-cap segments.<\/p>\n
MOFS noted that the quarterly earnings season ended on a positive note, with broader improvement across sectors.<\/p>\n
\u201cThe quarterly earnings season has concluded on a healthy note, with mid-caps outperforming large-caps and small-caps,\u201d the brokerage said.<\/p>\n
For H2 FY26, analysts expect earnings momentum to improve further, supported by government measures aimed at boosting consumption and resetting the growth trajectory.<\/p>\n
A striking trend highlighted by MOFS is that 97 out of 100 midcap companies have now extended their three-quarter streak of upbeat earnings, delivering a strong 34% YoY profit growth. Across the index, 16 out of 22 sectors posted double-digit PAT growth, showing broad-based strength.<\/p>\n Also Read<\/strong>:\u00a0Tata Motors PV Shares Crash 6% After Weak Q2, JLR Guidance Cut<\/a><\/em><\/p>\n MOFS data showed that oil & gas, metals, NBFC lending, PSU banks, and real estate together contributed 70% of the incremental YoY profit growth.<\/p>\n Investor interest remains strong as well. According to AMFI data, mid-cap equity mutual fund schemes had \u20b94.55 lakh crore in AUM in October, surpassing large-cap, multi-cap, and small-cap schemes \u2014 highlighting a clear preference for midcaps.<\/p>\n So far in 2025, however, the midcap index is up 7%, trailing the Nifty 50\u2019s 9.7% rise.<\/p>\n While mid-caps performed strongly, small-caps continue to struggle. IRB Infra rose 5% after its unit, IRB Infrastructure Trust, won a \u20b99,270 crore contract from the National Highways Authority of India to operate and maintain highway stretches in Uttar Pradesh.<\/p>\n Brokerage CLSA noted that IRB\u2019s tolling business saw good growth in Q2, which continued into October.<\/p>\n Hero MotoCorp jumped 4% as its Q2 margin expansion impressed brokerages.<\/p>\n Motilal Oswal expects the company to deliver a 6% volume CAGR during FY26\u201328, supported by:<\/p>\n New product launches<\/p>\n<\/li>\n Export ramp-up<\/p>\n<\/li>\n Strong festive season demand<\/p>\n<\/li>\n<\/ul>\n Nirmal Bang added that Hero MotoCorp outperformed the industry during the festive season, gaining 40 bps market share. The Nifty Midcap 100 index touched a fresh record high of 61,156, rising 0.7% on November 17, driven by strong gains in IRB Infra and Hero MotoCorp. Analysts at Motilal Oswal Financial Services (MOFS) said the mid-cap universe has now delivered its third consecutive quarter of robust earnings, clearly outperforming both large-cap and small-cap segments. […]<\/p>\n","protected":false},"author":2,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1329],"class_list":{"0":"post-17552","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1329,"user_id":2,"is_guest":0,"slug":"snehagandhi","display_name":"Sneha Gandhi","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=17552"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17552\/revisions"}],"predecessor-version":[{"id":17553,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17552\/revisions\/17553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/17299"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=17552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=17552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=17552"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=17552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
This strong PAT growth was much higher than estimates, showing deeper resilience within midcaps.<\/em><\/p>\nKey Sectors Driving Earnings Growth<\/h2>\n
Midcaps vs Small-Caps: Clear Divergence<\/h2>\n
MOFS reported that small-cap earnings dipped 5% YoY, missing estimates and reflecting broad-based weakness across 142 small-cap companies.<\/p>\nIRB Infra Jumps 5% on Big NHAI Contract Win<\/h2>\n
Hero MotoCorp Surges 4% After Strong Q2 Margins<\/h3>\n
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\u26a1 The brokerage expects sustained volume growth, a rising premium mix, and a growing EV portfolio to strengthen Hero\u2019s leadership in the two-wheeler segment.
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