Nifty Midcap 100 slips 0.52% in September

8 Oct 2025 , 12:12 PM

In September 2025, the Nifty Midcap 100 index had a negative return of -0.52%. This was driven by weakness in the Technology sector, which declined 8.03% due to losses in Persistent Systems Limited, KPIT Technologies Limited, and Coforge Limited, while Energy emerged as the top performer with a 7.0% gain led by Hindustan Petroleum Corporation Limited, Waaree Energies Ltd, and Oil India Limited. The market breadth was neutral, with 50 stocks advancing and 50 declining.

Chart: Monthly Return Chart

Source: NSE

How was the market breadth: 50 advances, while 50 declines:

In Sep-2025, the market breadth was neutral. 50 stocks advanced while 50 stocks declined. In comparison to the last month, this is marginally worse as August saw a slight edge in advancing stocks.

Table: Advances and Declines history

Month	Advances	Declines	Advance/Decline Ratio close
Sep-2025	50	50	1.0
Aug-2025	51	49	1.04
Jul-2025	19	81	0.23
Jun-2025	65	35	1.86
May-2025	77	23	3.35
Apr-2025	78	22	3.55
Mar-2025	86	14	6.14
Feb-2025	4	96	0.04
Jan-2025	26	74	0.35
Dec-2024	35	65	0.54
Nov-2024	53	46	1.15
Oct-2024	19	79	0.24

Source: NSE

Chart: Trends In ADR Ratio

Source: NSE

Energy performs the best while Technology performs the worst:

Energy was the best-performing sector in the latest month with a weighted return of 7.0%, driven by strong performances from Hindustan Petroleum Corporation Limited, Waaree Energies Ltd, and Oil India Limited. On the other hand, the worst-performing sector was Technology, which saw a decline of 8.03%, with key contributors to this downturn including Persistent Systems Limited, KPIT Technologies Limited, and Coforge Limited.

Table: Performance Across Sectors

Sector	Number Of Stocks	% Change (w. avg)	% Change (avg)
Energy	5	7.0	4.41
Communication Services	4	4.98	5.72
Industrials	16	1.89	1.27
Financial Services	22	1.46	3.99
Basic Materials	10	-0.01	2.17
Real Estate	4	-0.75	-1.02
Utilities	6	-0.77	0.45
Healthcare	7	-1.31	-0.29
Consumer Cyclical	12	-2.57	-2.99
Unknown	2	-2.6	-3.4
Consumer Defensive	3	-4.73	-4.59
Technology	9	-8.03	-6.78

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 Muthoot Finance Limited, BSE Limited, and One97 Communications Limited with returns of 59.25%, 59.11%, and 53.66% respectively. These stocks were primarily from the Financial Services and Technology sectors.

Table: Top-15

Stock	Sector	% Change (1Y)
Muthoot Finance Limited	Financial Services	59.25
BSE Limited	Financial Services	59.11
One97 Communications Limited	Technology	53.66
Indian Bank	Financial Services	46.06
Waaree Energies Ltd	Energy	42.31
L Finance Limited	Financial Services	34.64
Bharat Dynamics Limited	Industrials	32.98
Max Financial Services Limited	Financial Services	32.9
Mazagon Dock Shipbuilders Limited	Industrials	32.56
HDFC Asset Management Company Limited	Financial Services	29.13
Ashok Leyland Limited	Industrials	23.06
Aditya Birla Capital Limited	Financial Services	20.79
Motilal Oswal Financial Services Limited	Financial Services	19.86
Bharti Hexacom Limited	Communication Services	19.42

Source: NSE

Bottom performers over a 1 Year Horizon:

Over the past year, the bottom performers included Ola Electric Mobility Limited, Sona BLW Precision Forgings Limited, and Colgate-Palmolive (India) Limited with returns of -44.5%, -43.31%, and -41.37% respectively. These stocks were primarily from the Consumer Cyclical and Consumer Defensive sectors.

Table: Bottom-15

Stock	Sector	% Change (1Y)
Ola Electric Mobility Limited	Consumer Cyclical	-44.5
Sona BLW Precision Forgings Limited	Consumer Cyclical	-43.31
Colgate-Palmolive (India) Limited	Consumer Defensive	-41.37
Godrej Properties Limited	Real Estate	-39.47
Kalyan Jewellers India Limited	Consumer Cyclical	-39.26
Tata Technologies Limited	Technology	-37.85
Indian Renewable Energy Development Agency Limited	Financial Services	-35.6
Rail Vikas Nigam Limited	Industrials	-34.97
Aditya Birla Fashion and Retail Limited	Consumer Cyclical	-34.19
KPIT Technologies Limited	Technology	-33.93
Torrent Power Limited	Utilities	-33.57
IRB Infrastructure Developers Limited	Industrials	-32.57
Tata Elxsi Limited	Technology	-31.98
Suzlon Energy Limited	Utilities	-30.96
Astral Limited	Industrials	-30.56

Source: NSE

Stocks Near 52 Week Highs:

As of the end of last month, nearly 50 stocks were more than 20% away from their 52-week highs. Only 6 stocks were within 5% of their 52-week highs, with MRF Limited, HDFC Asset Management Company Limited, Polycab India Limited, Cummins India Limited, Muthoot Finance Limited, and Aditya Birla Capital Limited being the closest.

Table: Stocks within 10% of 52 Week High

Stock	Sector	Last Close	52 Week High	vs 52 Week High (%)
Ashok Leyland Limited	Industrials	142.67	144.5	-1.27
Hindustan Petroleum Corporation Limited	Energy	443.4	455.2	-2.59
Indian Bank	Financial Services	750.7	773.6	-2.96
Aditya Birla Capital Limited	Financial Services	292.35	305.0	-4.15
Steel Authority of India Limited	Basic Materials	134.48	140.52	-4.3
Muthoot Finance Limited	Financial Services	3077.1	3227.9	-4.67
Bank of India Limited	Financial Services	123.41	130.24	-5.24
Polycab India Limited	Industrials	7286.0	7714.0	-5.55
Cummins India Limited	Industrials	3926.5	4168.7	-5.81
L Finance Limited	Financial Services	249.28	264.7	-5.83
Max Financial Services Limited	Financial Services	1575.9	1674.8	-5.91
Bank of Maharashtra	Financial Services	55.98	59.85	-6.47
HDFC Asset Management Company Limited	Financial Services	5532.5	5927.5	-6.66
MRF Limited	Consumer Cyclical	145820.0	156400.0	-6.76
NHPC Limited	Utilities	86.32	93.25	-7.43
NMDC Limited	Basic Materials	76.35	82.83	-7.82
Marico Limited	Consumer Defensive	697.4	759.0	-8.12
FSN E-Commerce Ventures Limited	Consumer Cyclical	232.38	255.13	-8.92
Yes Bank Limited	Financial Services	21.25	23.39	-9.15
Mahindra  Mahindra Financial Services Limited	Financial Services	275.3	304.95	-9.72

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 60 stocks were more than 20% away from their 52-week lows. Only 16 stocks were within 10% of their 52-week lows, with IRB Infrastructure Developers Limited, Torrent Power Limited, and ACC Limited being the closest.

Table: Stocks within 10% of 52 Week Low

Stock	Sector	Last Close	52 Week Low	vs 52 Week Low
Page Industries Limited	Consumer Cyclical	40685.0	38850.0	4.72
Indus Towers Limited	Communication Services	342.9	312.55	9.71
Lupin Limited	Healthcare	1911.3	1795.2	6.47
Indian Railway  Catering  Tourism Corporation Limited	Industrials	700.4	656.0	6.77
Petronet LNG Limited	Energy	278.8	266.1	4.77
ACC Limited	Basic Materials	1824.7	1778.45	2.6
Aurobindo Pharma Limited	Healthcare	1083.9	1010.0	7.32
Oberoi Realty Limited	Real Estate	1582.1	1451.95	8.96
IRB Infrastructure Developers Limited	Industrials	41.19	40.51	1.68
Indian Renewable Energy Development Agency Limited	Financial Services	148.7	137.01	8.53
Godrej Properties Limited	Real Estate	1968.8	1900.0	3.62
KPIT Technologies Limited	Technology	1097.7	1020.6	7.55
Torrent Power Limited	Utilities	1218.9	1188.1	2.59
Colgate-Palmolive (India) Limited	Consumer Defensive	2222.4	2151.0	3.32
Container Corporation of India Limited	Industrials	524.3	481.0	9.0
Sona BLW Precision Forgings Limited	Consumer Cyclical	411.75	380.0	8.36

Source: NSE

Chart: Distribution of stocks vs their 52-week Low

Source: NSE