Top Gainers Today 23-Apr-2026: Jio Fin, Dr Reddy

Introduction

Indian equities ended lower on Wednesday even as several pockets saw sharp stock-specific rallies. The Sensex closed at 77,664.00, down 852.49 points or 1.08%, while the Nifty 50 settled at 24,173.05, down 205.05 points or 0.84%. Despite the weak benchmarks, power and utilities-linked names and select defensives dominated the gainers list, alongside multiple small-caps locking upper circuits on company updates and momentum trades.

Large Cap Top Gainers

Hitachi Energy India Ltd (+4.57%) The stock climbed as investors rotated into power equipment and grid-capex plays after utilities and power indices outperformed during the session. The move also tracked the broader narrative of strong India-side ordering in electrical equipment, highlighted by ABB’s India order growth commentary in the market tape. Hitachi Energy ended just shy of its 52-week high (Rs 31,850.70).

Jio Financial Services Ltd (+4.28%) Jio Financial jumped after it announced a 50:50 joint venture deal with Allianz, putting an identified growth driver on the table in insurance distribution and product expansion. The news triggered heavy participation, with volume at 7.70 crore shares, as traders priced in the earnings potential of scaling an insurance platform alongside a global insurer.

Solar Industries India Ltd (+3.06%) Solar Industries gained on a momentum-led rebound, with buyers extending the stock’s recovery even on a down day for the benchmarks. The counter saw active trading at 2.35 lakh shares, indicating continued risk appetite in select manufacturing names despite broader volatility.

Adani Enterprises Ltd (+1.74%) Adani Enterprises advanced as Adani group-linked energy and utility names featured among the day’s strong movers, keeping the complex bid even as the Sensex and Nifty fell. Investors used liquid group bellwethers such as Adani Enterprises to express the rotation into infrastructure and power-linked themes.

CG Power & Industrial Solutions Ltd (+1.53%) CG Power rose alongside the broader electricals and power-supply-chain theme, with utilities and power counters holding up better than the headline indices. The stock traded near its 52-week high of Rs 842.00, with 41.05 lakh shares changing hands.

Mid Cap Top Gainers

Dr Reddys Laboratories Ltd (+9.08%) Dr Reddy’s surged on unusually strong volumes, pointing to aggressive accumulation and short-covering in a relatively liquid pharma name. The rally pushed the stock closer to its 52-week high of Rs 1,377.95, with 1.74 crore shares traded, making it a standout gainer even as the broader market corrected.

Oracle Financial Services Software Ltd (+8.11%) Oracle Financial jumped in a sharp rebound trade as investors chased high-beta moves in select IT product names despite weakness in frontline IT. The counter saw elevated activity at 28.15 lakh shares, supporting the view that the move was momentum-driven and positioning-related.

GE Vernova T&D India Ltd (+6.05%) GE Vernova T&D gained as the session’s leadership stayed with power and grid-linked stocks, which were among the market’s relative outperformers. The stock’s move was backed by active volumes of 23.88 lakh shares, reflecting continued investor focus on transmission and distribution capex beneficiaries.

Cipla Ltd (+5.74%) Cipla rallied on strong trading activity, with 55.98 lakh shares changing hands as investors selectively added defensives amid benchmark pressure. The move stood out within pharma, suggesting stock-specific buying rather than a sector-wide upmove.

Torrent Power Ltd (+4.73%) Torrent Power rose as utilities remained in favour, with investors rotating towards relatively defensive power distribution and generation plays on a weak market day. The stock ended close to its 52-week high of Rs 1,739.95, supported by 12.58 lakh shares in volume.

Small Cap Top Gainers

Dollar Industries Ltd (+20.00%) Dollar Industries hit the upper circuit, with the move fitting the profile of a sharp technical rebound after a short decline phase highlighted in the trading commentary. The surge came with high activity of 87.05 lakh shares, and the order book showed aggressive buying interest with limited sell-side availability at the close.

Delta Corp Ltd (+19.99%) Delta Corp rallied despite reporting a sharp earnings drop, with Q4 FY26 net profit down about 90% year on year to Rs 16.45 crore, alongside a revenue fall to Rs 161.3 crore and EBITDA down to Rs 27.7 crore. The stock’s reaction reflected a “bad results already priced in” trade and a swift reversal after the initial earnings-linked pressure, amplified by very heavy volumes of 6.30 crore shares.

Zodiac Energy Ltd (+19.99%) Zodiac Energy locked in gains after it announced a Letter of Intent for a US$1.28 million (about Rs 30.85 crore) turnkey solar project in Zambia, including a 6 MWp DC solar plant and a 1 MWh BESS, to be executed over nine months. The order-win update provided a clear revenue trigger, driving the stock to the upper circuit on 9.02 lakh shares.

Rupa & Company Ltd (+17.37%) Rupa jumped in a sharp momentum move as hosiery and apparel counters saw clustered buying, with Dollar Industries also hitting an upper circuit. The stock’s rally was backed by a large volume print of 1.43 crore shares, pointing to short-covering and tactical positioning in a volatile tape.

Pune e-Stock Broking Ltd (+14.16%) Pune e-Stock Broking surged on a low-volume, momentum-led move, with just 48,000 shares traded, a setup that can amplify price swings in microcaps. The stock also moved closer to its 52-week high of Rs 323.00, which often attracts short-term breakout traders.

Market Overview

Benchmarks ended lower, with the Sensex down 1.08% and the Nifty slipping 0.84%, as traders cited pressure from heavyweight technology counters and cautious risk-taking. The day’s market tape also pointed to elevated oil prices as a macro overhang, keeping overall risk appetite in check.

Within sectors, utilities and power-linked names showed relative strength, helping grid equipment and electricity value-chain stocks outperform even as the broader indices fell. In contrast, IT remained a key drag on the benchmarks, aligning with the steep declines seen in large IT names in the session’s loser list.

Explore More Market Movers

Readers can explore the complete list of market movers here: https://www.multibagg.ai/market-movers/top-gainers