Indian stock market rallies as Trejhara, Camlin Fine, Gravita lead top 20 gainers on April 11

What sparked the rally in Indian stock markets on April 11, 2025?

Indian equity benchmarks recorded broad-based gains on April 11, as the market responded positively to global trade developments and sectoral momentum. The BSE Sensex closed 1.77% higher at 75,157.26, while the NSE Nifty 50 ended up 1.92% at 22,828.55. However, the sharpest action was visible in the broader markets where midcap and smallcap stocks posted outsized gains, many of them hitting upper circuits.

Investors responded to the temporary suspension of retaliatory tariffs on Indian exports by the United States, which opened a diplomatic window for bilateral negotiations. The tariff reprieve, announced earlier in the week, served as a sentiment boost particularly for manufacturing, metals, and export-linked firms. This development arrived at a time when domestic inflation appeared manageable and foreign portfolio inflows remained steady, enhancing overall liquidity conditions.

The combination of positive global cues, policy stability, and retail participation in smallcap counters fuelled a pronounced rally in fundamentally strong, as well as speculative, stocks.

Which stocks delivered the highest gains and why?

Among the top performers on April 11, Trejhara Solutions Ltd. led the market with a 20% gain, closing at ₹221.01. The technology firm, known for enterprise communication and logistics solutions, has attracted interest due to India’s logistics digitisation drive and the expanding scope for automation in e-commerce and last-mile delivery.

Camlin Fine Sciences Ltd., a specialty chemicals company, also surged 20% to ₹160.11. The rally came amid rising demand for shelf-life solutions, antioxidants, and aroma ingredients, which have seen consistent export traction. Industry observers also point to softening raw material prices and expectations of margin expansion in FY26.

Goldiam International Ltd. rose 19.99% to ₹326.90, with investors rotating back into gem and jewellery exporters. The company, which manufactures diamond-studded jewellery, has been a beneficiary of the high gold price environment and U.S. bridal jewellery demand.

Binani Industries Ltd. climbed 19.96% to ₹17.37, supported by speculative buying. Though operational visibility remains limited, legacy holding firms have recently seen renewed investor interest in hopes of corporate restructuring and asset monetisation.

Gravita India Ltd. surged 18.26% to ₹1,884.00 after recent updates indicated capacity expansion and strong operating margins. Gravita’s position as a market leader in lead recycling, alongside its growing aluminium segment, is aligned with India’s circular economy and green manufacturing goals.

Construction services company BL Kashyap & Sons Ltd. added 17.22% to reach ₹59.30. With infrastructure capex from both the public and private sectors set to accelerate ahead of the general elections, the order outlook for urban commercial projects appears favourable.

Ador Fontech Ltd. (ADL) gained 15.43%, closing at ₹90.00. The company, active in industrial welding and repair, continues to benefit from manufacturing sector capex and after-market service demand.

RACL Geartech Ltd., which specialises in transmission components for high-performance vehicles, jumped 14.25% to ₹840.00. With increasing domestic auto sales and exports of premium gearboxes to Europe and North America, the stock has gained from strong OEM demand visibility.

Quartz Power India Ltd. (QPOWER) rose 14.08% to ₹312.00. Market participants anticipate strong growth in decentralised power solutions, aided by regulatory incentives and off-grid electrification projects.

Renaissance Power and Energy Ltd. (RPEL) climbed 13.86% to ₹589.00, continuing a rally driven by expectations of sectoral consolidation and increased institutional interest in smaller power generation companies.

Aurionpro Solutions Ltd. gained 13.31% to ₹1,552.00, extending its upward trend following a string of digital transformation contracts across transit, banking, and government automation sectors. The company’s growing exposure to artificial intelligence and smart city platforms has made it a long-term institutional favourite.

Inox Green Energy Services Ltd., a renewable energy operations and maintenance company, jumped 13.22% to ₹118.60, amid rising institutional interest in sustainable energy and government commitments to achieving its 2030 renewable targets.

Steelcast Ltd. gained 12.90% to ₹865.50. The company’s strength lies in its positioning within the high-precision steel casting segment, especially for defence, off-highway, and earth-moving applications.

Northern Arc Capital Ltd. rose 12.71% to ₹190.90, as NBFCs with strong risk frameworks and financial inclusion models continue to attract interest in a post-rate-hike environment.

PVP Ventures Ltd., a diversified player involved in real estate and media, gained 12.35% to ₹27.10, driven by speculative trading and low base effect, though the company’s fundamentals remain under scrutiny.

Pondy Oxides and Chemicals Ltd. (POCL) added 12.32% to reach ₹609.90. The battery materials and metal recovery specialist is part of the rising momentum in energy storage supply chains and secondary lead recycling.

Manaksia Steels Ltd. climbed 12.26% to ₹50.45, tracking the positive sentiment in flat steel and value-added processors that serve domestic construction and packaging markets.

Sanghvi Movers Ltd., India’s largest crane rental firm, advanced 11.91% to ₹260.00, on expectations of higher utilisation and rental yields due to strong infra project rollouts.

Bright Concepts Ltd. (BCONCEPTS) saw its shares jump 11.64% to ₹335.10. The stock has gained visibility in recent sessions after corporate disclosures signalled a turnaround in its financial and project outlook.

Sarda Energy & Minerals Ltd. (SARDAEN) rose 11.07% to ₹464.95, continuing to benefit from integrated steel and ferroalloy production strength, with demand from automotive and infra customers remaining robust.

What market trends are supporting this rally?

The consistent inflow from domestic mutual funds through Systematic Investment Plans (SIPs), along with FPI reallocation from Chinese to Indian equities, has provided liquidity support to the broader market. The performance of the top gainers on April 11 underscores growing investor appetite for sectoral plays in sustainability, financial inclusion, digital innovation, and infra-led recovery.

From recycling to smart logistics, and from fintech lending to green energy maintenance, the diversity of the gainers’ list points to a structural reshuffling of market themes in favour of next-generation enterprises. Government incentives such as the PLI schemes and infrastructure push are also indirectly benefiting downstream players across these categories.

While the large-cap universe remains relatively steady, this shift toward bottom-up stock selection in midcaps and smallcaps is being seen as a sign of maturing investor behavior. However, volatility in these segments remains high, and market participants are advised to stay cautious on names lacking earnings visibility or trading at unjustified multiples.