Nifty Midcap150 Momentum 50 stocks list
NSEStrategy50 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
- 24.54
- 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.
- 4.78
- 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.
- 0.73%
- 1MOne-month return of an index. The latest close against the close a month earlier, on the same date or the last trading day before it, as a percentage. One-month return of an index in the glossary
- −1.98%
- 3MThree-month return of an index. The latest close against the close three months earlier, on the same date or the last trading day before it, as a percentage. Three-month return of an index in the glossary
- −4.26%
- 1YOne-year return of an index. The latest close against the close a year earlier, on the same date or the last trading day before it, as a percentage. One-year return of an index in the glossary
- −4.12%
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.
At or below today's level on 31% of 1,043 trading days over the last 5 years.
At or below today's level on 16% of 744 trading days over the last 3 years.
At or below today's level on 5% of 247 trading days over the last 1 year.
P/E at each month's last trading day, and on 29 Oct 2026
What the Nifty Midcap150 Momentum 50 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 49 companies that filed both.
- +17.0%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 50 companies that filed it; a loss counts as negative.
- ₹37,878 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 50 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 50of 50
- Median ROCEMedian return on capital employed. The middle figure of the 42 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.
- 16.6%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 Nifty Midcap150 Momentum 50, each sized by its market cap.
Market cap, ₹ crore
- BSE₹1,42,841 Cr
- Bharat Heavy Electricals₹1,39,962 Cr
- Vodafone Idea₹1,31,312 Cr
- Hitachi Energy India₹1,25,360 Cr
- Laurus Labs₹1,21,246 Cr
- Polycab India₹1,16,714 Cr
- Indian Bank₹1,16,391 Cr
- One 97 Communications₹1,08,207 Cr
- GE Vernova T&D India₹1,04,749 Cr
- Marico₹1,04,393 Cr
- Lloyds Metals and Energy₹1,02,863 Cr
- Indus Towers₹1,01,305 Cr
Companies in the Nifty Midcap150 Momentum 50
Largest first, by market cap.
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%
Lloyds Metals and EnergyLLOYDSME · Minerals & Mining₹1,826.90+2.94%₹1,02,863 Cr21.6021.0%0.05%+39.2%
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%
IndusInd BankINDUSINDBK · Banks₹868.00+2.00%₹67,630 Cr22.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.17%+7.5%
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%
Bank of IndiaBANKINDIA · Banks₹135.70+2.11%₹61,780 Cr4.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.3.43%−3.6%
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%
Ajanta PharmaAJANTPHARM · Pharmaceuticals & Biotechnology₹3,459.700.00%₹43,232 Cr38.1027.2%1.73%+40.5%
Funds that follow the Nifty Midcap150 Momentum 50
5 index funds and ETFs track the Nifty Midcap150 Momentum 50; 1 other fund uses it as its benchmark.Nifty Midcap150 Momentum 50 index funds and ETFs
Edelweiss Nifty Midcap150 Momentum 50 Index FundIndex Fund · Edelweiss Mutual FundNAV₹17.67581Y−4.06%3Y+13.59%5Y–Size₹1,762 CrCost0.78%
Tata Nifty Midcap 150 Momentum 50 Index FundIndex Fund · Tata Mutual FundNAV₹17.58141Y−4.41%3Y+13.06%5Y–Size₹1,228 CrCost0.77%
Kotak Nifty Midcap 150 Momentum 50 Index FundIndex Fund · Kotak Mahindra Mutual FundNAV₹9.05101Y−4.06%3Y–5Y–Size₹451 CrCost0.65%
SBI Nifty Midcap 150 Momentum 50 ETFETF · SBI Mutual FundNAV₹59.83201Y–3Y–5Y–Size₹80 CrCost0.47%
Motilal Oswal Nifty Midcap150 Momentum 50 ETFETF · Motilal Oswal Mutual FundNAV₹60.58171Y−4.41%3Y–5Y–Size₹48 CrCost1.02%
About the Nifty Midcap150 Momentum 50
Nifty Midcap150 Momentum 50 is an index of the top 50 companies within the Nifty Midcap 150, ranked by a Normalized Momentum Score built from 6-month and 12-month price return, adjusted for volatility. It is maintained by NSE Indices Limited.
How companies are chosen
Stocks in the Nifty Midcap 150 at the time of review, or going to form part of it, are eligible, with a minimum listing history of 1 year as on the cut-off date.
Stocks not available for trading in the Futures & Options (F&O) segment are ineligible if, in the past 6 months to the cut-off date, the number of times they hit their daily price limit (upper or lower circuit) was 20% or more of the trading days. A stock that hits both circuits on the same trading day is counted as two instances.
How it is weighted
A stock's momentum ratio is its 12-month or 6-month price return divided by the annualised standard deviation of its lognormal daily returns for 1 year.
Each ratio becomes a Z score against the mean and standard deviation of the eligible universe. The Weighted Average Z Score gives 50% to the 12-month Z score and 50% to the 6-month Z score.
The Normalized Momentum Score is 1 plus the Weighted Average Z score where that is zero or above, and 1 divided by (1 minus the Z score) where it is below zero.
A stock's weight is its free float market cap, which is based on the shares normally expected to be available for trading in the market, multiplied by its Normalized Momentum Score. Each stock is capped at the lower of 5% or 5 times its weight based only on free float market capitalization, and capping is done semi-annually at rebalancing.
When it is reviewed
The index is re-balanced semi-annually using data ending the last trading day of May and Nov, and weights are capped in Jun and Dec.
A buffer limits turnover: an eligible existing member whose Normalized Momentum score rank is within the top 75 continues in the index, and the top 25 ranked stocks not already in it are compulsorily included.
An ad-hoc reconstitution is also started if a constituent is removed from the Nifty Midcap 150 because of a corporate action.
Base date and value
The index has a base date of 1 Apr 2005 and a base value of 1000. It was launched on 16 Aug 2022.
- Published by
- NSE
- 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
- 50
- List last changed
- 9 Oct 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
- 18 of 50
Strategy indices
Others in this group, the most used as a fund's benchmark first.All
- Nifty50 Value 2020 companiesP/E 13.98
Nifty Smallcap250 Momentum Quality 100100 companiesP/E 24.89- Nifty500 Value 5050 companiesP/E 9.60
BSE Quality Index30 companiesP/E 27.31
Nifty Alpha 5050 companiesP/E 25.26- Nifty100 Equal Weight100 companiesP/E 18.73
- BSE Low Volatility Index30 companiesP/E 25.22
- BSE Midcap 150 Momentum 3030 companiesP/E 23.75
BSE Select IPO70 companiesP/E 54.89
Nifty Midcap150 Quality 5050 companiesP/E 28.75