New Delhi, Nov. 25 -- Mid-cap stocks have reclaimed the spotlight on Dalal Street, with the Nifty Midcap 100 surging to a fresh record high of 61,220 in November, marking a breakout after a 13-month pause.

Strong and sustained earnings momentum has reinforced investor confidence in the segment even as concerns over stretched valuations continue to simmer beneath the surface.

Mid-cap companies under Motilal Oswal's coverage have now clocked their fourth consecutive quarter of standout performance, posting a robust 34% YoY earnings growth, far exceeding expectations of 23%.

Notably, 16 of 22 mid-cap sectors delivered double-digit PAT growth. The strongest contributions came from Oil & Gas, Metals, NBFCs, PSU Banks, and Real Estate, toget...