Smallcap winners! Wockhardt, Tata Tech, CAMS, other stocks rally up to 11% despite overall market weakness

The shares of several smallcap companies rallied up to 11% on Tuesday, supported by stock-specific triggers amid broader market outperformance, even as escalating Iran-US tensions, a falling rupee, and other factors spooked investors and pushed benchmark indices Sensex and Nifty down.

The sharp surge in smallcap stocks pushed the Nifty Smallcap 100 index into the green with marginal gains. This came even as the benchmark index Nifty 50 declined more than 150 points (over 0.6%) to trade below the 24,000 level, as seen at 10.20 am. Notably, the Nifty Midcap 100 index also lost steam and slipped into the red with marginal losses.

Wockhardt share price

Wockhardt shares rallied more than 11% on Tuesday morning after the company reported a net profit of Rs 164 crore for Q4 FY26, marking a sharp turnaround from a Rs 45 crore net loss reported in the corresponding quarter of the previous financial year. The firm’s revenue from operations meanwhile rose 30% year-on-year (YoY) to Rs 965 crore.

Tata Tech share price

Tata Tech shares followed, jumping nearly 8% after the company reported a consolidated net profit of Rs 204 crore for the March quarter, up 8% from Rs 189 crore in the same period last year. The firm’s revenue from operations meanwhile rose 22% YoY to Rs 1,572 crore during the quarter under review.

CAMS share price

CAMS shares jumped 7% after the company reported a nearly 11% rise in consolidated net profit to Rs 126 crore for the January-March quarter of FY26, from Rs 114 crore in the same period last year. Its revenue from operations also grew around 11% YoY to Rs 395 crore. Along with the Q4 earnings, CAMS announced a dividend of Rs 4 per equity share, subject to shareholders’ approval. The record date to determine eligibility has been fixed at July 10.

Other smallcap gainers

CreditAccess Grameen, GRSE and Netweb Technologies gained nearly 4% each. Meesho shares followed, rising over 3%. The shares of the company have jumped 25% in one week and around 53% in one month.

IRCON, Cholamandalam Financial Holdings, Kaynes Tech, Inox Wind and Data Patterns were also among the top gainers on the Nifty Smallcap 100 index, rising 2–3%. Bucking the trend, Aarti Industries shares dropped more than 6%, while Syngene, CESC, Delhivery and Cohance shares declined 3–4%.

Smallcaps vs largecaps

Since 2020, the Nifty Smallcap space has shown a clear cyclical pattern of bottoming out around March, with these phases often followed by strong upside moves, indicating recurring shifts in liquidity and risk appetite, Emkay Global Financial Services said in its report.

In line with this trend, March 2026 has once again seen a revival in momentum, supported by improving price structure, broader participation, and strengthening relative performance versus the benchmark, according to the brokerage.

“Technically, the Nifty Smallcap 250 index is within an overall rising trend, forming higher lows, and is approaching a key breakout zone of a contracting pattern, suggesting the possibility of the next leg of upside. Relative rotation and ratio charts also indicate potential outperformance potential in the smallcap segment, though sectoral dispersion remains visible,” it added. Notably, the Nifty Smallcap 250 index was down with marginal losses at 16,853 on Tuesday morning.

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