Midcap Surge: PI Industries Rockets 4% as Bulls Charge Into Monday

Image Source: Business Today

India's midcaps had a strong beginning to the week, with PI Industries taking the lead among the pack of the NIFTY Midcap 150 index on June 16. The stock rose by nearly 4% at ₹4,131.10, as there was optimism owing to sound fundamentals and investors' confidence.

Key Highlights:

PI Industries rose by 3.99%, led by a March 2025 top line of ₹1,787.1 crore and bottom line of ₹329.2 crore. Its EPS value was ₹21.79, which was reflective of good profits.
Endurance Technologies gained 1.58% to ₹2,439. The company reported Q4 FY25 revenue of ₹2,963.5 crore and net profit of ₹245.1 crore with an EPS of ₹17.43.
Cochin Shipyard gained 1.57% to ₹2,195.50 on the strength of a strong Q4 performance—₹1,757.7 crore revenue and ₹287.2 crore net profit, EPS ₹10.92.
Oil India and Tube Investments also registered gains of 1.39% and 0.93%, respectively, indicating overall energy and manufacturing play optimism.

Analysts attribute the rally to positive earnings momentum, sector tailwinds, and new demand for value midcap stocks. The upbeat mood in the NIFTY Midcap 150 index is due to investors tilting towards quality midcap companies in the backdrop of global uncertainty and Indian macro stability.

Source: Moneycontrol.