Small, midcap indices outperform benchmarks to extend gains for a third session: These are the top gainers

Small, midcap indices outperform benchmarks, extend gains for 3rd session

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26 Aug, 2025 12:21

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Rally in select small and midcap shares on May 14 pushed the broader market indices into the green for a third consecutive session, outperforming benchmark indices Sensex and Nifty 50, which have erased early gains.

The Nifty Smallcap 100 index was up a percent while Nifty Midcap 100 index was higher by nearly 0.7 percent in afternoon trade. In comparison, Sensex and Nifty were flat in afternoon trade.

Easing tensions between India and Pakistan have significantly boosted share prices this week, supported by a thaw in trade war between US and China. India's retail inflation cooled to a near six-year low of 3.16 percent in April 2025, adding to the investor sentiment.

"Nifty Midcap and Smallcap indices outperformed the Benchmark Indices. We expect this trend to continue as we approach the end of the earnings season, which has been primarily in line with expectations," HDFC Securities said.

Cochin Shipyard and Mazagon Dock Shipbuilders shares were the top gainers on the Nifty Midcap 100 index. Cochin Shipyard shares surged over 10 percent to trade at Rs 1,739 apiece, while those of Mazagon Dock Shipbuilders were up nearly 6 percent to trade at Rs 3,170 apiece. Notably, this comes amid an ongoing rally in defence stocks following 'Operation Sindoor' which was successfully conducted by the Indian armed forces last week.

In a recent note, Antique Stock Broking said the listed defence shipyard sector is looking forward to a near three-fold increase in order inflows by FY27, as the Defence Acquisition Council's approval of orders worth Rs 8.45 lakh crore begins to unfold.

Aditya Birla Capital and Waree Energies shares followed, rising over 5 percent each. The sharp rise in the share price of Aditya Birla Capital comes after the company's Q4 results were positively welcomed by the market.

Suzlon Energy and Oil India shares jumped over 4 percent each, while SAIL, M&M Finance, National Aluminum and RVNL shares were up over 3.6 percent each. Bharat Forge and Prestige Estates shares gained over 3 percent each, while NMDC, L&T Finance, Union Bank, Coforge and Biocon shares gained over 2.5 percent each.

Other notable midcap stocks which recorded strong gains include Ola Electric, Policybazaar, IRCTC, Bandhan Bank, Mphasis, Hindustan Zinc, Hindustan Petroleum, Bharat Dynamics, Motilal Oswal Financial Services, Indraprastha Gas and more.

Garden Reach Shipbuilders & Engineers (GRSE) shares were the top gainer on the Nifty Smallcap index, soaring over 16 percent to trade at Rs 2,226 apiece. This comes after the company reported strong results for the January-March quarter of the FY25. Its net profit zoomed 119 percent to Rs 244 crore, while revenue from operations climbed by 61.7 percent to Rs 1,642 crore.

HBL Engineering shares followed, jumping nearly 10 percent to trade at Rs 555 apiece. Railtel Corporation of India and Nuvama shares rose over 6.5 percent each, while IRCON and Titagarh Rail Systems were up over 5 percent each.

Other notable smallcap stocks which recorded strong gains include NBCC, Cyient DLM, Zen Technology, RITES, Hindustan Copper, Sagility India, Angel One, MCX, IIFL Finance, Inox Wind, BEML, NCC, Delhivery, Poonawalla Fincorp, Laurus Labs, Amber Enterprises and more.