Mid-cap is an abstract word that encompasses firms and equities that lie between the large-cap and small-cap categories. The categorization of a company’s stocks is determined by its market capitalization. This categorization is changeable and can shift in response to changes in a company’s market worth. When the total value of all outstanding shares of a corporation falls between Rs.5,000 crore to Rs.20,000 crore.

However, the classification is also subject to a company’s rank in the benchmark indices such as Sensex and Nifty. For instance, the companies which are listed from 101st –250th in the Nifty Index are generally considered mid-cap companies.