India’s equity market rallies as SOMATEX, JBMA, SAMHI lead top 20 stock gainers

How did Indian stocks perform on April 16, 2025?

The Indian stock market closed sharply higher on April 16, 2025, with both benchmark indices and broader market indices advancing amid renewed optimism among investors. The BSE Sensex climbed 309 points to finish at 77,044.29, while the NSE Nifty added 108.65 points to end the session at 23,437.20. The broader rally was spearheaded by small- and mid-cap stocks, with 20 of them registering gains of over 10%, reflecting heightened risk appetite and strong speculative interest across key sectors.

Among the biggest winners of the day were SOMATEX, SECMARK, and ADL—all of which hit their 20% upper circuit limits. The positive momentum came despite broader concerns surrounding global trade tensions and India‘s downwardly revised GDP forecast, suggesting that investors are shifting focus to micro-level opportunities, including operational turnarounds, policy-driven tailwinds, and sector-specific catalysts.

Which Indian stocks were the top gainers and why did they surge?

SOMATEX led the gainers list with a 20% jump to ₹48.24, up from its previous close of ₹40.20. The spike came on the back of thin volume and retail-driven momentum. The company, though not widely tracked by institutional investors, has become a subject of speculation due to its limited float and recent interest from high-net-worth individual (HNI) investors.

SECMARK Consultancy Ltd. also rose by 20% to close at ₹103.58. The advisory and compliance firm saw low but significant volume, with traders citing expectations of new mandates stemming from SEBI’s evolving regulatory regime as a possible driver of interest.

ADL, or Archidply Décor Ltd., gained 20% to settle at ₹104.53, rebounding sharply after a prolonged downtrend. Its performance came amid improved outlook in the laminates and decorative plywood market, particularly in Tier 2 and 3 cities, where home interior demand is rising post-pandemic.

MANAKALUCO, known formally as Manaksia Aluminium Company Ltd., saw its stock price surge 19.98% to ₹27.02. Traders linked the gain to positive developments in aluminium futures and demand recovery in building and construction segments. MANAKALUCO also benefits from exports, and the weakening rupee has contributed to its improved margin visibility.

ROML (Rose Merc Ltd.) matched the performance with a 19.98% rise to ₹54.16. The stock has gained attention in recent sessions following a surge in delivery-based volume. Though the company remains under the radar fundamentally, speculative buying and market buzz have made it a momentum stock.

DIAMINESQ, or Diamines and Chemicals Ltd., ended the session at ₹372.00, up 13.07%. The company has been gaining attention from institutional investors due to its unique position in specialty amines—a segment with rising global demand in pharmaceuticals and agrochemicals. Industry sources have hinted at potential export deals to Europe, especially given the regulatory push away from Chinese suppliers.

SMS Lifesciences India Ltd. (SMSLIFE) closed at ₹1,280.50, registering a gain of 12.95%. The surge followed unconfirmed reports of clearance from the U.S. FDA for one of its manufacturing units. The stock also benefits from the general re-rating of mid-cap pharma companies driven by supply chain diversification and demand from regulated markets.

SAMHI Hotels Ltd. jumped 11.60% to ₹177.20 on unusually high volume exceeding 70 million shares. The hospitality sector as a whole is riding a wave of optimism due to increased business and leisure travel, and SAMHI’s asset-heavy model in metros has become increasingly attractive to institutional buyers expecting improved occupancy metrics in FY26.

Rane Engine Valve Ltd. (RANEENGINE) rose by 11.53% to ₹327.00. Market participants anticipate a spike in demand for OEM auto components, especially valves, as domestic automobile production picks up. Supply chain normalization and falling steel input prices are expected to aid margin recovery for component makers.

CUPID Ltd. matched the day’s top auto-related performers, climbing 11.53% to ₹73.93. The rally was attributed to reports of new orders for export markets, especially in Africa. The company’s aggressive push in the government tender pipeline is expected to improve volumes in the coming quarters.

EMMBI Industries Ltd. gained 11.10% to ₹117.70, buoyed by management commentary on new product innovations in geotextiles and water conservation solutions. Analysts believe rural infrastructure spend could lead to significant volume growth in FY26.

TPL Plastech Ltd. (TPLPLASTEH) ended the session at ₹84.99, up 10.88%. The company’s prospects have improved with increased demand from agrochemical and FMCG clients for intermediate bulk containers (IBCs). It is also seen as a low-debt, high-operating-leverage play within the packaging space.

JBM Auto Ltd. (JBMA) gained 10.70% to ₹691.95 and was among the most heavily traded stocks by value. The company has been on investors’ radar owing to its aggressive expansion in electric vehicle components and recent media reports of EV bus orders from urban municipal bodies.

SINCLAIR Hotels Ltd. added 10.61% to ₹96.60, mirroring sectoral momentum similar to SAMHI. The hospitality segment continues to benefit from improved average room rates and increased tourist footfall as consumer spending rebounds post-pandemic.

RPPL (Radhagobind Properties Ltd.) jumped 10.59% to ₹27.15, largely driven by speculative action in low-float real estate counters. With renewed optimism in Tier 2 housing demand and interest in land banks, smaller realty stocks are enjoying improved sentiment.

Krystal Integrated Services Ltd. (KRYSTAL) moved up 10.03% to ₹523.05 amid expectations of new government facility management tenders post-elections. The company is also seen as a beneficiary of increased sanitation and infrastructure spending by municipal corporations.

Walchandnagar Industries Ltd. (WALCHANNAG) climbed 10% to ₹195.04. Defence sector speculation surrounding strategic engineering projects and ballistic subsystem supplies have reignited investor interest, though the company remains tight-lipped.

Keep Learning Ltd. (KEEPLEARN) rose 10% to ₹3.96, continuing its recent bounce on hopes of sectoral consolidation. While the edu-tech segment remains under pressure, investors are betting on niche platforms that cater to vocational and government exam prep.

Hindcon Chemicals Ltd. (HINDCON) gained 10% to ₹37.84, with traders citing increased government tendering activity in water treatment and construction chemical segments. The Kolkata-based manufacturer has also recently secured new industrial orders from eastern India.

Garware Hi-Tech Films Ltd. (GRWRHITECH) gained 10% to close at ₹3,206.10. With polyester films seeing rising demand for high-end automotive applications and solar panel backsheeting, the company’s capex and R&D strategy have attracted strong institutional flows in recent months.

What broader market and policy factors are driving investor sentiment?

The sharp rally in mid- and small-cap stocks came even as global cues remained mixed. India’s limited exposure to U.S. tariffs, especially compared to regional peers, is offering it a relative advantage. While U.S. trade policies remain a concern for exporters in gems, jewellery, and textiles, India’s domestic-focused sectors—such as auto components, chemicals, and hospitality—are showing resilience.

Meanwhile, SEBI’s proposed ESG framework revision is being closely watched. Mid- and small-cap companies have raised compliance concerns, prompting the regulator to consider phased disclosures. If implemented sensitively, this could reduce cost burdens and support sustainable re-ratings in these categories.

Economic forecasts also carry mixed signals. Moody’s Analytics recently cut India’s GDP growth forecast for 2025 to 6.1%, citing external volatility. However, low inflation, softening crude prices, and a stable rupee have kept domestic macro indicators in check. India’s healthy credit growth and consumer confidence continue to support equity inflows.

The performance of April 16 underscores a return of confidence among investors looking beyond large-cap indices for value and momentum. As investors continue to reprice operational turnarounds, government-linked sectors, and global supply chain realignment plays, the breadth of the rally indicates a structurally bullish sentiment, at least in the near term.