The Nifty Midcap 150 had a tough trading day on Friday. Stocks of several mid-sized companies took a hit. APL Apollo, Union Bank, and MRPL were among the top losers. Investors are now paying extra attention to these companies, not just for the dip, but for what lies ahead.
At 11:00 am, APL Apollo was down 4.95%, trading at Rs 1,603. Union Bank lost 4.36% and stood at Rs 138.65. MRPL dropped 4.06% to Rs 145.25. AB Capital and KPR Mill also fell, shedding 3.97% and 3.8% respectively.
APL Apollo: Strong Numbers, Weak Sentiment
APL Apollo’s fall surprised many. The company posted strong financial results. In Q1 of FY26, it earned Rs 5,169.77 crore in revenue, with a net profit of Rs 237.17 crore. Its annual revenue has been growing steadily—from Rs 8,499 crore in 2021 to Rs 20,689 crore in 2025.
But despite this, the stock slipped. Investors may be concerned about falling return on equity (ROE), which dropped from 21.25% in 2021 to 17.98% in 2025. Still, its debt remains low, and EPS is steady. The market may be reacting more to short-term triggers than long-term strength.
Also Read Apollo Hospitals Reports 53.5% Rise in Q4 Profit to ₹390 Crore; Revenue Grows 13% Year-on-Year
Union Bank: Profit Soars, But Pressure Builds
Union Bank also showed good performance. Its Q1 profit rose to Rs 4,136 crore from Rs 3,600 crore last year. Revenue also improved. Over five years, its net profit has jumped from Rs 2,828 crore in 2021 to Rs 17,921 crore in 2025.
So why the fall? Experts point to falling Net Interest Margin (NIM) and broader sector worries. Even with a strong balance sheet and ROE of 16.65%, the bearish trend hit the stock hard.
MRPL: Losses Return After Profits
MRPL had a clear reason for its drop. The company reported a Q1 loss of Rs 271.97 crore. This is a sharp reversal from last year’s Rs 65.57 crore profit. Revenue also fell from Rs 23,247 crore to Rs 17,356 crore.
MRPL has always been volatile. After profits in 2022 and 2023, its 2025 annual profit fell to just Rs 28 crore. With rising debt and falling margins, investor confidence is low.
AB Capital & KPR Mill Also Dip
AB Capital and KPR Mill also saw stock declines. But both companies reported stable performance. AB Capital earned Rs 40,589 crore in FY25 with Rs 2,993 crore profit. KPR Mill posted Rs 815 crore profit on Rs 6,387 crore revenue. The fall might be more about short-term profit booking than deep concern.
What’s Next?
The Nifty Midcap 150 is known for sharp swings. While Friday’s losses are painful, many of these companies have strong fundamentals. For now, investors are holding back, watching global cues, and waiting for market clarity.
Stay tuned. Midcaps might be down, but they’re not out.
Disclaimer:
This article is for informational purposes only and is not financial advice. Please consult a certified advisor before making investment decisions.
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