Nifty Midcap 100 Index Rebounds In February 2026

4 Mar 2026 , 12:43 PM

Midcaps In February 2026 – 1.17%

In February 2026, the Nifty Midcap 100 index had a positive return of 1.17%. This is a clear reversal after two months of declines. This was driven by strong performance from sectors like Healthcare, with key contributors including Max Healthcare Institute Ltd, Lupin Ltd, and Biocon Ltd. The market breadth was positive with an Advance-Decline Ratio of 55-45, showing improved investor sentiment compared to January.

Chart: Monthly Return Chart

Source: NSE

How was the market breadth? 55 advances, while 45 declines:

In Feb-2026, the market breadth was positive with 55 stocks advancing and 45 stocks declining. In comparison to the last month, this is a sharp improvement from January, which saw an advance-decline ratio of 0.47 compared with 1.22 in February.

Table: Advances and Declines history

Month	Advances	Declines	Advance/Decline Ratio
Feb-2026	55	45	1.22
Jan-2026	32	68	0.47
Dec-2025	37	63	0.59
Nov-2025	42	58	0.72
Oct-2025	79	21	3.76
Sep-2025	61	39	1.56
Aug-2025	32	68	0.47
Jul-2025	25	75	0.33
Jun-2025	67	33	2.03
May-2025	78	22	3.55
Apr-2025	73	27	2.7
Mar-2025	88	12	7.33

Source: NSE

Chart: Trends In ADR Ratio

Source: NSE

Healthcare performs the best, while Information Technology performs the worst:

Healthcare was the best-performing sector in the latest month with a weighted return of 7.69%. This was driven by strong performance from stocks like Max Healthcare Institute Ltd, Lupin Ltd, and Biocon Ltd. On the other hand, the worst-performing sector was Information Technology, which saw a decline of 17.27%. Key contributors to this downturn included KPIT Technologies Ltd, Tata Elxsi Ltd, and Oracle Financial Services Software Ltd.

Table: Performance Across Sectors

Sector	Number Of Stocks	% Change (w. avg)	% Change (avg)
Healthcare	7	7.69	5.76
Utilities	1	4.61	4.61
Fast-moving Consumer Goods	2	4.53	4.08
Industrials	9	3.11	1.6
Consumer Discretionary	14	3.0	2.41
Telecommunication	2	2.95	3.12
Energy	3	-0.11	-1.01
Financial Services	23	-0.21	1.26
Services	1	-0.9	-0.9
Commodities	5	-4.6	-4.36
Information Technology	3	-17.27	-17.3

Source: NSE

Chart: Sector Performance Heatmap Over the Past Year

Source: NSE

Top performers over a 1 Year Horizon:

Over the past year, the top performers were led by Aditya Birla Capital Ltd, L&T Finance Ltd, and National Aluminium Company Ltd with returns of 120.34%, 114.13%, and 107.65%, respectively. These stocks were primarily from the Financial Services and Commodities sectors.

Table: Top-15

Stock	Sector	% Change (1Y)
Aditya Birla Capital Ltd	Financial Services	120.34
L&T Finance Ltd	Financial Services	114.13
National Aluminium Company Ltd	Commodities	107.65
Ashok Leyland Ltd	Industrials	103.15
Indian Bank	Financial Services	98.87
Union Bank of India	Financial Services	86.55
Bank of India	Financial Services	85.0
Max Financial Services Ltd	Financial Services	81.69
BSE Ltd	Financial Services	75.27
Federal Bank Ltd	Financial Services	69.84
AU Small Finance Bank Ltd	Financial Services	69.62
Bank of Maharashtra	Financial Services	68.56

Source: NSE

Bottom performers over a 1 Year Horizon:

Over the past year, the bottom performers included KPIT Technologies Ltd, Dixon Technologies (India) Ltd, and Aditya Birla Fashion Retail Ltd with returns of -35.14%, -24.42%, and -24.14% respectively. These stocks were primarily from the Information Technology and Consumer Discretionary sectors.

Table: Bottom-15

Stock	Sector	% Change (1Y)
KPIT Technologies Ltd	Information Technology	-35.14
Dixon Technologies (India) Ltd	Consumer Discretionary	-24.42
Aditya Birla Fashion Retail Ltd	Consumer Discretionary	-24.14
Indian Renewable Energy Development Agency Ltd	Financial Services	-21.64
Page Industries Ltd	Consumer Discretionary	-19.59
Jubilant Foodworks Ltd	Consumer Discretionary	-16.82
Tata Elxsi Ltd	Information Technology	-15.88
Patanjali Foods Ltd	Fast-moving Consumer Goods	-14.03
Indian Railway Catering Tourism Corporation Ltd	Consumer Discretionary	-13.91
ACC Ltd	Commodities	-12.08

Source: NSE

Stocks Near 52 Week Highs:

As of the end of last month, nearly 43 stocks were more than 20% away from their 52-week highs. Around 33 stocks were within 10% of their 52-week highs, with Union Bank of India, Federal Bank Ltd, and Voltas Ltd being the closest.

Table: Stocks within 10% of 52 Week High

Stock	Sector	Last Close	52 Week High	vs 52 Week High (%)
Union Bank of India	Financial Services	202.27	202.27	0.0
Federal Bank Ltd	Financial Services	299.85	299.85	0.0
Voltas Ltd	Consumer Discretionary	1557.5	1557.5	0.0
Indian Bank	Financial Services	990.5	991.55	-0.11
Ashok Leyland Ltd	Industrials	211.1	211.92	-0.39
Bank of India	Financial Services	176.05	177.2	-0.65
Lupin Ltd	Healthcare	2301.9	2323.2	-0.92
Astral Ltd	Industrials	1667.9	1684.2	-0.97
Bank of Maharashtra	Financial Services	74.76	75.65	-1.18
Sona BLW Precision Forgings Ltd	Consumer Discretionary	534.5	545.35	-1.99
APL Apollo Tubes Ltd	Industrials	2234.6	2280.8	-2.03
Aurobindo Pharma Ltd	Healthcare	1220.4	1251.3051	-2.47
Max Financial Services Ltd	Financial Services	1813.4	1870.0	-3.03
Bandhan Bank Ltd	Financial Services	181.98	187.9233	-3.16
Glenmark Pharmaceuticals Ltd	Healthcare	2136.7	2221.2516	-3.81
Alkem Laboratories Ltd	Healthcare	5639.5	5890.0	-4.25
Oil India Ltd	Energy	483.9	506.9961	-4.56
NMDC Ltd	Commodities	81.74	85.88	-4.82
Aditya Birla Capital Ltd	Financial Services	344.45	364.05	-5.38
FSN E-Commerce Ventures Ltd	Consumer Discretionary	265.48	280.69	-5.42
AU Small Finance Bank Ltd	Financial Services	958.35	1029.65	-6.92
Mahindra Mahindra Financial Services Ltd	Financial Services	374.3	404.4	-7.44
Biocon Ltd	Healthcare	389.8	421.6	-7.54
HDFC Asset Management Company Ltd	Financial Services	2698.6	2946.0	-8.4

Source: NSE

Chart: Distribution of stocks vs their 52-week highs

Source: NSE

Stocks Near 52 Week Lows:

As of the end of last month, nearly 56 stocks were more than 20% away from their 52-week lows. Only 32 stocks were within 10% of their 52-week lows, with ACC Ltd, Indian Railway Catering Tourism Corporation Ltd, and Tata Elxsi Ltd being the closest.

Table: Stocks within 10% of 52 Week Low

Stock	Sector	Last Close	52 Week Low	vs 52 Week Low
ACC Ltd	Commodities	1592.4	1592.4	0.0
Indian Railway Catering Tourism Corporation Ltd	Consumer Discretionary	569.55	569.55	0.0
Tata Elxsi Ltd	Information Technology	4504.0	4504.0	0.0
Indian Renewable Energy Development Agency Ltd	Financial Services	122.25	122.25	0.0
Page Industries Ltd	Consumer Discretionary	32110.0	32110.0	0.0
KPIT Technologies Ltd	Information Technology	771.1	760.5	1.39
Container Corporation Of India Ltd	Services	495.0	475.8114	4.03
Dixon Technologies (India) Ltd	Consumer Discretionary	10528.0	10116.0	4.07
Patanjali Foods Ltd	Fast-moving Consumer Goods	508.0	486.0	4.53
Indraprastha Gas Ltd	Energy	170.86	163.3712	4.58
P I Industries Ltd	Commodities	3117.3	2974.8994	4.79
Rail Vikas Nigam Ltd	Industrials	316.35	301.6527	4.87
SBI Cards Payment Services Ltd	Financial Services	774.4	735.8	5.25
NTPC Green Energy Ltd	Utilities	90.14	85.18	5.82
Jubilant Foodworks Ltd	Consumer Discretionary	519.9	488.3	6.47
Mazagon Dock Shipbuilders Ltd	Industrials	2224.9	2086.5945	6.63
UPL Ltd	Commodities	637.4	595.9959	6.95
Oracle Financial Services Software Ltd	Information Technology	6932.0	6454.0	7.41
Aditya Birla Fashion Retail Ltd	Consumer Discretionary	66.93	61.64	8.58

Source: NSE

Chart: Distribution of stocks vs their 52 week Low

Source: NSE