Netweb, Swiggy, Parag Milk among India’s top stock gainers as midcap momentum builds

Indian equity markets closed strong on Monday, May 5, 2025, with a pronounced rally in midcap and smallcap counters driving the broader Nifty 50 index up by 114.45 points to 24,461.15, while the Sensex added 294.85 points to settle at 80,796.84. Investors rotated capital into high-beta stocks, particularly across infrastructure, digital services, energy, and FMCG-linked plays. On a day marked by improving foreign institutional investor sentiment and easing commodity costs, the top 20 NSE gainers collectively posted sharp gains, several exceeding 10%, indicating renewed appetite for growth-oriented names.

Why Did Netweb Technologies Stock Gain Over 14% on May 5?

Netweb Technologies India Limited emerged as a key outperformer, advancing 14.09% to close at ₹1,622.00. The high-performance computing and AI server company, which opened at ₹1,574.00 and hit a high of ₹1,681.80, saw strong volume activity from both institutional and retail participants. The stock’s rise reflects a confluence of demand-side tailwinds including government-backed semiconductor incentives, robust AI infrastructure adoption, and anticipation of Q4 FY25 earnings outperformance. Analysts tracking digital infrastructure plays expect Netweb to benefit significantly from India’s AI data centre buildout cycle through FY26.

Is Swiggy’s Post-IPO Rally Sustainable?

Food delivery platform Swiggy saw a sharp 12.35% jump to ₹343.00 on the back of listing momentum and improving macro trends in consumption. The stock has attracted interest as a high-growth consumer tech play with differentiated exposure to both urban middle-class consumption and tier-2 expansion via Instamart and DineOut. Trading volumes surpassed 4.4 crore shares, with market watchers noting Swiggy’s unit-level profitability improvements and narrowing EBITDA losses as key triggers. The broader investor narrative around tech unicorns achieving breakeven faster than expected is reinforcing bullish sentiment.

What Drove Parag Milk Foods to a 13.22% Intraday Gain?

Parag Milk Foods Limited rose 13.22% to ₹206.09, buoyed by favourable rural demand indicators and sectoral rotation into FMCG counters with dairy exposure. The stock touched a high of ₹212.70 before paring gains slightly. As inflationary pressures ease, particularly in input costs like skimmed milk powder, companies like Parag are regaining pricing flexibility. Management commentary in recent investor interactions highlighted channel inventory normalisation and expanding value-added product mix as earnings levers for FY26. With over 1.2 crore shares traded, market participants believe the rally reflects both fundamental and tactical accumulation.

How Did RR Kabel Stock Rally Over 13%?

RR Kabel Limited, a major player in the wires and cables space, surged 13.12% to ₹1,158.10, riding on positive earnings sentiment and continued infrastructure capex momentum. The stock had opened at ₹1,170.00 and climbed to ₹1,218.70 intraday. Analysts cited rising traction from electrification schemes under Saubhagya 2.0 and power distribution reforms as core demand drivers. RR Kabel’s recent expansion into adjacent segments and robust retail channel penetration are also perceived as positives. FII flows into infra and manufacturing-related themes have picked up over the past fortnight, further fueling upside.

What’s Behind the 17.54% Rally in CA Retail?

Shares of CA Retail were locked in the upper circuit at ₹40.75, up 17.54%, with no sellers at the close. The stock opened at ₹34.67 and did not witness downward movement throughout the session. While the microcap company did not announce any regulatory filings or corporate actions, the surge is attributed to momentum buying and short covering. CA Retail’s rally aligns with broader speculative interest seen in illiquid retail-facing counters, especially as smallcaps gain attention in an improving macro environment.

Did Ashima Ltd Benefit from Asset Monetisation Speculation?

Ashima Limited, a Gujarat-based textile and real estate company, saw its shares surge 17.35% to ₹34.56. With over 33.7 lakh shares changing hands, investor speculation around monetisation of its non-core land bank appears to be driving interest. The company, which has periodically explored restructuring, may benefit from improving sentiment in the textile-to-realty transition narrative, especially in high land value areas near Ahmedabad.

Why Did Adani Total Gas Shares Gain Over 11%?

Adani Total Gas Limited rose 11.20% to ₹666.90 amid reports of de-escalation in regulatory scrutiny concerning the parent group. The stock traded between ₹603.45 and ₹684.40. Investors cheered the clarity following recent meetings between Adani group executives and U.S. officials, easing concerns related to potential overseas investigations. ATGL’s city gas distribution footprint and growth in CNG stations also align with India’s clean mobility targets under the Gati Shakti plan, further supporting medium-term growth assumptions.

What Boosted Universal Cables’ Stock by 16.64%?

Universal Cables Limited advanced 16.64% to ₹502.00 on expectations of increased order inflow from the power and railways sector. The company, which opened at ₹439.00, recorded robust trading volume as infrastructure-linked names stayed in favour. Government allocations under the PM Gati Shakti National Master Plan and the thrust on grid modernisation have renewed attention on cable and conductor manufacturers.

What Explains Oriental Trimex’s 11.25% Surge?

Oriental Trimex Ltd gained 11.25% to ₹12.66, in line with a strong rally across construction materials and marble sector stocks. The company, which deals in imported marble and granite products, is seen as a proxy beneficiary of the Tier-II and Tier-III housing demand surge. While speculative in nature, the stock’s movement reflects broader thematic interest in real estate-linked auxiliary plays.

Are Traders Turning Bullish on Subex Ltd Again?

Subex Ltd added 11.16% to ₹12.75, with the small-cap software stock rebounding on anticipation of telecom analytics spending in international markets. Subex’s recent restructuring efforts, alongside improved billing and fraud analytics traction in Africa and the Middle East, have rekindled trader interest. The overall IT sector recovery also added momentum.

ITD Cementation Soars Over 10% on Strong Infra Order Book

Infrastructure and EPC company ITD Cementation climbed 10.15% to ₹530.00. Market participants attribute the rally to continued execution of port and metro rail projects, especially after securing recent contracts in southern India. Sectoral analysts tracking construction stocks believe urban infra players with strong public sector order books are likely to outperform in the coming quarters.

What Triggered 10% Move in The Investment Trust of India?

The Investment Trust of India Limited rose 10% to ₹151.08, with low float and NBFC sector optimism combining to create upside pressure. With credit offtake to MSMEs improving and interest rate peaking narrative gaining ground, NBFC stocks like ITI Ltd have seen renewed accumulation by smallcap-focused mutual funds.

What’s Driving Gains in Kriti Industries?

Kriti Industries rose 9.99% to ₹107.12 on the back of favourable monsoon forecasts and increased Kharif-linked irrigation spending. The agri-pipe manufacturer is expected to benefit from the expansion of PM Krishi Sinchayee Yojana, and stable PVC input prices have helped maintain margin projections.

Why Are Investors Accumulating Black Box Ltd?

Black Box Ltd gained 9.98% to ₹409.40 as digitisation and network infrastructure spending boosted investor confidence. The company is seen as a key beneficiary of India’s 5G rollout and enterprise tech services growth. Analysts note rising institutional positioning and long-term visibility in B2B digital projects.

Why Did Madhucon Projects Rally 9.96%?

Madhucon Projects, despite being a low-volume stock, rose 9.96% to ₹7.51. Traders pointed to potential legal settlement developments related to legacy road assets, though no filings have confirmed this. The stock remains speculative but saw buying interest in the infra revival theme.

Why Is Kalyani Steels Seeing a Demand Rebound?

Kalyani Steels Ltd advanced 9.92% to ₹766.60, tracking heightened defence capex announcements and alloy steel demand. As part of the Kalyani Group, the company is well-placed to service upcoming orders linked to domestic military equipment production, aligning with the ‘Atmanirbhar Bharat’ initiative.

Sequent Scientific Gains 9.63% on API Export Momentum

Sequent Scientific Ltd ended at ₹157.00, up 9.63%, supported by positive outlook on veterinary APIs. With regulatory approvals increasing in the U.S. and EU, and partnerships in Latin America expanding, Sequent’s animal health focus is gaining traction among FII portfolios.

Asian Energy Services Up 9.52% on Oilfield Revival

Asian Energy Services Ltd gained 9.52% to ₹299.75, helped by rising domestic oil exploration interest and favourable contract wins under OALP. The stock’s low correlation to crude price fluctuations also makes it attractive during energy transition-driven rotations.

AB Infrabuild Rises 9.51% on Urban Infra Bids

AB Infrabuild Ltd closed at ₹102.70, up 9.51%, as the company remains active in metro rail, highway overpass, and rail electrification projects. Tendering momentum under the National Rail Plan and Mumbai Metro Phase IV continue to provide revenue visibility.

Krystal Integrated Services Adds 9.43% Amid Outsourcing Demand

Krystal Integrated Services Ltd surged to ₹676.00, up 9.43%, as facility management and cleaning services demand rises in commercial and healthcare settings. The shift towards outsourcing post-pandemic is improving margins and client stickiness.

The sharp gains in these 20 stocks reflect a broader midcap and smallcap re-rating cycle underway, with FIIs net buyers for ₹1,850 crore on the day. Domestic institutional investors (DIIs) also added to positions across infrastructure, manufacturing, and dairy segments. Sector rotation into consumption and capex beneficiaries is evident, while traders continue to favour stocks with low float and strong news triggers.