Tata Investment Corporation Ltd, Vodafone Idea Ltd and NLC India Ltd has emerged as top gainers from the Nifty Midcap 150 index in September, delivering 26-30 per cent return in a challenging month. They were followed by stocks such as Hindustan Petroleum Corporation Ltd (HPCL), Muthoot Finance Ltd, Rail Vikas Nigam Ltd (RVNL), L&T Finance Ltd and Bharat Heavy Electricals Ltd (BHEL). Stocks such as Coforge Ltd, Hexaware Technologies Ltd and Kalyan Jewellers India Ltd delivered double-digit negative return during the same period. Advertisement

The Nifty Midcap 150 Index, which represents just over 16.45 per cent of the free float market capitalization of the stocks listed on NSE, is up a mere 1.5 per cent for the month. Tata Investment rallied 29 per cent to Rs 8,843 apiece from Rs 6,815.

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