After several soft sessions, India’s smaller-cap stocks sprang back to life today, spearheading a market-wide comeback. The Nifty Midcap 100 jumped nearly 2 per cent gaining over 1,000 points to breach 56,723, while the Nifty Smallcap 100 rose 1.4 per cent, rebounding from a six-day slide to crest around 17,469.
Ola Electric Rockets Amid Midcap Surge
Ola Electric Mobility stole the spotlight with a remarkable 14 per cent rally, ending the day near Rs 62, its highest level in six months. In just five trading days, the EV pioneer has recharged itself with a 31 per cent gain, driven by the buzz around its newly secured PLI certification and renewed investor confidence.
Other strong midcap performers included:
Add Zee Business as a Preferred Source
Tube Investments of India – up ~6 per cent
Mphasis, Aditya Birla Fashion & Retail, Dixon Technologies – each surged ~5 per cent
Premier Energies, BSE, Hindustan Zinc – climbed ~4 per cent
RVNL, Voltas, Exide Industries – added ~3 per cent
HUDCO, L&T Finance, Muthoot Finance, Astral, NALCO, Tata Technologies, Yes Bank – rose 2.5–3 per cent
Kaynes Tech and Smallcap Stars Shine
In the smallcap arena, Kaynes Technologies led the advance, climbing nearly 7 per cent to Rs 6,534. Other standouts included:
MCX and GRSE – up 5 per cent
Manappuram Finance, KFin Tech, CAMS, IGIL – gained ~4 per cent
CDSL, RailTel, IRCON, Sagility India, NCC, Angel One, IIFL Finance – all added over 2 per cent
Corporate action spilled into several well-known names, including Max Healthcare, Union Bank, HPCL, Paytm, Coforge, Torrent Pharma, Persistent Systems, CONCOR, PB Fintech, Suzlon Energy, BHEL, HDFC AMC, IGL, SAIL, and MRF—all registering gains between 2 and 3 per cent.
What’s Fueling the Bounce in Mid/Small Cap Stocks
Closing out multiple days of losses, today’s rally appears rooted in renewed buying confidence and bottom-fishing. With PLI gains, strong news flow from EV front-runners like Ola Electric, and positive catalysts in financial markets (notably BSE and MCX), smaller-cap stocks found the traction they needed.
Analysts suggest that if this early-week momentum continues, mid- and small-cap equities could remain in the spotlight.
