While investors expressed concerns about the valuations across small and midcaps, a select set of stocks led by L&T Finance emerged as massive wealth creators in 2025. These five Nifty Midcap 100 performers from the finance and e-commerce sectors defied the odds, delivering returns of up to 119% over the past twelve months.
L&T Finance
The share price of L&T Finance surged the most in the Nifty Midcap 100. The stock has given a return of 119% in 2025. The stock has risen 45.5% in the previous six months.
The company posted a net profit of Rs 727.71 crore in the second quarter of the financial year of 2024-25, which was up 5.6% year-over-year from Rs 689.12 crore in Q1 FY26. The company reported net sales of Rs 4,332.74 crore in Q2 FY26, up 7.91% YoY from Rs 4,015.20 crore in the same quarter of FY24.
Aditya Birla Capital
The Aditya Birla Capital shares have surged 89.6% in 2025. The stock has given the second-highest returns among the midcap stocks. The Aditya Birla Group company has raised investors’ worth by 25% in the past six months. The company posted a 3% YoY increase in consolidated net profit of Rs 855 crore, compared with Rs 1,015 crore a year earlier, when results included a one-time gain of Rs 167 crore. The company’s consolidated revenue rose 4% YoY to Rs 12,481 crore in Q2 FY26, the company said in an exchange filing.
Muthoot Finance
The share price of Muthoot Finance has increased 81% of investors’ wealth in 2025. The stock price has raised investors’ money by 42% in the last six months. Muthoot Finance, headquartered in Kerala, is India’s largest gold-oriented Non-Banking Financial Company (NBFC). It is the flagship company of the Muthoot Group, which claims a family business legacy of 800 years.
AU Small Finance Bank
AU Small Finance is the fourth finance stock in the Nifty Midcap 100 that has been a lucky one for investors. The stock has increased by 77.55% in the past one year. In August 2025, the bank received a nod from the RBI to work as a universal bank from a small finance bank. AU Small Finance Bank, which was incorporated in 1996, began its operations as a small finance bank in April 2017 after receiving a banking licence in 2015.
FSN E-Commerce Ventures
The fifth stock that gave the highest return in 2025 is FSN E-Commerce, which is the parent firm of Nykaa. The stock has pumped up 62.47% in 2025. The stock has given a return of 24% in the last six months.
FSN E-Commerce is one of India’s leading online beauty, wellness, and fashion retailers. The company operates a popular digital platform (website/app) and physical stores for makeup, skincare, fashion apparel, and accessories. It serves a large customer base across India and internationally.
With earnings likely to pick up and DIIs providing a solid backing, the roadmap for the new year is set to favour midcaps that offer growth at reasonable valuations.