BSE Midcap 150 Momentum 30 stocks list
BSEStrategy30 companies
- P/EPrice to earnings of an index. The index's P/E as the exchange publishes it with the close: its members' market value divided by their profit over the last twelve months, each member counted as the index weighs it. Price to earnings of an index: how it is worked out
- 23.75
- P/BPrice to book of an index. The index's P/B as the exchange publishes it: its members' market value divided by their net worth, the assets they own less everything they owe.
- 9.04
- Dividend yieldDividend yield of an index. The index's dividend yield as the exchange publishes it: dividends its members paid over the last twelve months as a percentage of their market value.
- 0.53%
P/E against its own past
Where today's P/E sits among every trading day of each window: the dot is today, the tick the middle day.
P/E at each month's last trading day, and on 29 Oct 2026
What the BSE Midcap 150 Momentum 30 companies earned
Revenue against the same quarter a year earlier, over today's members that filed both; profit after tax added up over the members that filed the quarter. A quarter fewer than 60% of them filed is left out, and the newest is added once nearly as many have filed it as the one before.
- Revenue growthRevenue growth, against a year earlier. Revenue of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 29 companies that filed both.
- +16.4%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 30 companies that filed it; a loss counts as negative.
- ₹17,932 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 30 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 30of 30
- Median ROCEMedian return on capital employed. The middle figure of the 24 companies' ROCE for the year to Mar 2026, half above and half below. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them.
- 18.3%year to Mar 2026
Revenue against the same quarter a year earlier, per cent
Profit after tax, ₹ crore, added up over the companies that filed
The largest companies
The 12 largest companies in the BSE Midcap 150 Momentum 30, each sized by its market cap.
Market cap, ₹ crore
- Bharat Heavy Electricals₹1,39,962 Cr
- Vodafone Idea₹1,31,312 Cr
- CG Power and Industrial Solutions₹1,30,732 Cr
- Hitachi Energy India₹1,25,360 Cr
- Laurus Labs₹1,21,246 Cr
- Indian Bank₹1,16,391 Cr
- One 97 Communications₹1,08,207 Cr
- GE Vernova T&D India₹1,04,749 Cr
- FSN E-Commerce Ventures₹1,01,081 Cr
- Aditya Birla Capital₹98,109 Cr
- Aurobindo Pharma₹95,507 Cr
- Oracle Financial Services Software₹86,571 Cr
Companies in the BSE Midcap 150 Momentum 30
Largest first, by market cap.
CG Power and Industrial SolutionsCGPOWER · Electrical Equipment₹829.80−0.30%₹1,30,732 Cr95.0017.7%0.16%+10.8%
Hitachi Energy IndiaPOWERINDIA · Electrical Equipment₹28,125.00−1.09%₹1,25,360 Cr109.0025.4%0.03%+60.9%
Laurus LabsLAURUSLABS · Pharmaceuticals & Biotechnology₹2,244.00+2.85%₹1,21,246 Cr90.5021.8%0.09%+133.3%
Indian BankINDIANB · Banks₹864.10+2.89%₹1,16,391 Cr8.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.11%+1.1%
One 97 CommunicationsPAYTM · Financial Technology (Fintech)₹1,686.50+3.37%₹1,08,207 Cr126.601.3%None+28.8%
Aditya Birla CapitalABCAPITAL · Finance₹358.35+0.66%₹98,109 Cr23.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None+15.3%
Aurobindo PharmaAUROPHARMA · Pharmaceuticals & Biotechnology₹1,659.90+0.92%₹95,507 Cr25.7011.5%None+49.3%
Oracle Financial Services SoftwareOFSS · IT - Software₹9,939.00−0.47%₹86,571 Cr24.3060.1%4.02%+14.8%
The Federal BankFEDERALBNK · Banks₹347.75+0.51%₹85,987 Cr16.60Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.35%+48.0%
Ashok LeylandASHOKLEY · Agricultural, Commercial & Construction Vehicles₹145.00+0.10%₹85,171 Cr24.5011.9%2.41%+4.0%
Multi Commodity Exchange of IndiaMCX · Capital Markets₹3,231.00+1.58%₹82,388 Cr53.4063.7%0.25%+76.1%
AU Small Finance BankAUBANK · Banks₹880.70+0.18%₹66,173 Cr21.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.11%−0.2%
Glenmark PharmaceuticalsGLENMARK · Pharmaceuticals & Biotechnology₹2,339.00+1.70%₹66,012 Cr36.7039.8%0.11%+26.9%
L&T FinanceLTF · Finance₹251.05+1.85%₹62,922 Cr18.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.10%−6.4%
Bank of MaharashtraMAHABANK · Banks₹81.00+1.31%₹62,302 Cr7.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.2.72%+35.5%
National Aluminium CompanyNATIONALUM · Non - Ferrous Metals₹323.500.00%₹59,415 Cr8.8038.9%3.55%+35.9%
Nippon Life India Asset ManagementNAM-INDIA · Capital Markets₹923.90+0.15%₹59,133 Cr36.6041.4%2.38%+7.7%
IPCA LaboratoriesIPCALAB · Pharmaceuticals & Biotechnology₹1,926.20−0.22%₹48,869 Cr37.3017.6%0.31%+49.3%
Ajanta PharmaAJANTPHARM · Pharmaceuticals & Biotechnology₹3,459.700.00%₹43,232 Cr38.1027.2%1.73%+40.5%
Funds that follow the BSE Midcap 150 Momentum 30
2 index funds and ETFs track the BSE Midcap 150 Momentum 30; 1 other fund uses it as its benchmark.
Motilal Oswal BSE Midcap 150 Momentum 30 Index FundIndex Fund · Motilal Oswal Mutual FundNAV₹9.79641Y–3Y–5Y–Size₹79 CrCost1.98%
Mirae Asset BSE Midcap 150 Momentum 30 ETFETF · Mirae Asset Mutual FundNAV₹12.18531Y–3Y–5Y–Size₹54 CrCost1.78%
About the BSE Midcap 150 Momentum 30
BSE Midcap 150 Momentum 30 measures the performance of the 30 companies in the BSE 150 MidCap Index that show the most persistence in their relative performance, based on momentum scores. It is maintained by BSE Index Services Pvt. Ltd.
How companies are chosen
A stock is eligible if it traded on every working day of the prior six months and has a turnover ratio of at least 20%. The turnover ratio is the annualized traded value divided by the average daily float-adjusted market capitalization.
Eligible companies with a listing history of at least one year are ranked by momentum score. The top 21 are selected whether or not they are current constituents. Existing constituents ranked 22 to 39 are then added in order of rank until 30 is reached. If the count is still short, non-constituents are added in order of rank.
How it is weighted
Constituents are weighted by the product of float-adjusted market capitalization and momentum score, with a cap of 5% on any one stock. Capping moves the excess weight to the other stocks in proportion to their initial weights.
The momentum value is the 12-month price change at the reference date, adjusted by the stock's volatility, the standard deviation of its daily price returns over the same period. For a positive price change, lower volatility improves the adjusted value; for a negative price change, higher volatility does.
A z-score is a widely adopted method of standardizing a variable; here it is calculated for each adjusted value using the mean and standard deviation of the index universe, and it is capped at plus or minus 3. A z-score above 0 gives a momentum score of 1 plus the z-score; below 0 it gives 1 divided by 1 minus the z-score.
When it is reviewed
The index is rebalanced quarterly, effective at market open on the Monday following the third Friday of Mar, Jun, Sep and Dec.
The universe and other data are taken as of the last day of the month before the rebalancing date. No companies are added between rebalancings, so the count can fall below 30 after deletions.
Base date and value
The index was launched on 12 Jan 2026; its values start from 20 Jun 2005 (its first value date).
- Published by
- BSE
- Kind
- Strategy
- CompaniesCompanies in an index. How many companies the index holds on its current list, which the exchange revises from time to time. Companies in an index in the glossary
- 30
- List last changed
- 30 Sep 2026
- Above 200-day averageMembers above their 200-day average. The share of the index's members whose latest close is above their own average close of the last 200 trading days; members listed too recently to have one are left out. Members above their 200-day average in the glossary
- 16 of 30
Strategy indices
Others in this group, the most used as a fund's benchmark first.All
BSE Select IPO70 companiesP/E 54.89
Nifty Midcap150 Quality 5050 companiesP/E 28.75
Nifty MidSmallcap400 Momentum Quality 100100 companiesP/E 28.27
Nifty Top 10 Equal Weight10 companiesP/E 16.27
Nifty100 Quality 3030 companiesP/E 25.39
Nifty200 Alpha 3030 companiesP/E 16.92- Nifty200 Value 3030 companiesP/E 8.64
BSE 200 Equal Weight Index200 companiesP/E 22.93- BSE Enhanced Value Index30 companiesP/E 8.72
- BSE LargeMid (60:40) Stable Dividend 5050 companiesP/E 23.64