Broader markets rally! These smallcap stocks jumped up to 57% in April so far. Do you own any?

Indian stock markets have made a partial recovery in April so far, following the incessant March selloff triggered by the onset of the Iran-US war. Interestingly, broader markets have outperformed benchmarks during this period, with Nifty Smallcap 250 index rallying around 17% so far this month, eclipsing Nifty’s 8% surge in the same period. Here are the smallcap stocks which have recorded the sharpest gains between March 30 and April 24.

Ola Electric shares have rallied 57% in April so far. Although it has fallen more than 6% in one week, it is still up more than 52% in one month. The shares of the Bhavish Aggarwal-led firm skyrocketed more than 86% in around 11 sessions to hit a multi-month high of Rs 42 apiece, following announcements about its in-house developed Lithium Iron Phosphate (LFP) cell, along with strong March sales data and PLI incentives.

Gallantt Ispat shares have jumped over 51% in April so far. The stock has surged over 62% in 2026 so far and 95% in one year. In the longer term, the shares of the company skyrocketed around 1,333% in three years and 1,493% in five years.

Welspun Corp shares have soared around 49% in April so far. The stock is up around 52% in 2026 so far. In the longer term, the shares of the company have gained around 453% in three years and a whopping 698% in five years.

HFCL shares have soared around 48% in April so far. The stock rallied over 51% in one month, hitting a fresh 52-week high of Rs 107.90 on Monday. The stock is up more than 55% in 2026 so far.

The shares of Garden Reach Shipbuilders & Engineers (GRSE) jumped around 46% in April so far. The shares of the shipbuilder have gained over 17% in 2026 so far and around 77% in one year. In the longer term, the shares of the company have jumped 525% in three years and a whopping 1,509% in five years.

Elecon Engineering Company shares rallied over 44% in April so far, after hitting a fresh 52-week low of Rs 352 apiece on March 30. The stock is however down more than 4% in one year, but up over 132% in three years.

The shares of Tata Teleservices (Maharashtra) soared more than 42% so far in April, after hitting a fresh 52-week low of Rs 31.22 apiece on March 30. The stock is however down more than 10% in 2026 so far, and 26% in three years.

Five-Star Business Finance shares have jumped around 40% in April so far. After hitting a fresh 52-week low of Rs 338 apiece late in March, the stock has jumped nearly 36% in one month. The stock is however down more than 4% in 2026 so far.

The shares of Schneider Electric Infrastructure gained more than 39% in April so far. The stock has gained over 66% in 2026 so far, and 96% in one year, hitting a fresh 52-week high of Rs 1,210 apiece on Monday. In the longer term, the shares of the company rallied 569% in three years and a whopping 1,185% in five years.

The shares of Anil Ambani-led Reliance Power jumped more than 39% in April so far. The stock has gained around 38% in one month, but is down more than 15% in 2026 so far. Earlier on March 30, the shares of the company hit a 52-week low of Rs 20.17 apiece. In the longer term, the shares of the company rallied 135% in three years and over 560% in five years.


(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)