The Indian equity market has delivered modest returns over the past two years. The Nifty 50 slipped nearly 5% during this period, while the Nifty Midcap 150 remained in positive territory, gaining around 6%. For investors looking only at the headline indices, the period may have seemed to offer limited opportunities. But beneath those numbers lies a very different story.The real action was within the midcap universe, where a select group of companies delivered spectacular returns. Around 21 midcap stocks gained more than 50%, while nine stocks turned into multibaggers, significantly multiplying investors’ wealth in just two years. (Data Source: ACE Equity) ​Midcap Marvels