Top Gainers Today 05-May-2026: M&M, Omax Autos

Introduction

Nifty 50 closed at 24,032.80 (-0.36%) and Sensex ended at 77,017.79 (-0.33%) on 05 May 2026, after a volatile session where the Nifty held above 24,000. Market breadth was steady, with 240 stocks from the Nifty 500 ending in the green, while midcap and smallcap indices posted marginal gains. Auto, FMCG, power, pharma and telecom stocks outperformed, limiting the downside in the benchmarks even as private banks and realty remained under pressure. The day’s risk-off tone was linked to higher crude oil on US-Iran tensions, a record low rupee, and continued foreign institutional selling as highlighted in the market wrap.

Large Cap Top Gainers

Mahindra & Mahindra Ltd (+3.41%) M&M climbed after a newsflow-led focus on its Q4 performance and shareholder returns, with reports flagging a Rs 33 dividend announcement following a 53% year-on-year profit increase. The stock also benefited from sector leadership as the Nifty Auto index was among the day’s outperformers, drawing incremental flows into auto names despite a weaker benchmark close.

CG Power & Industrial Solutions Ltd (+3.19%) CG Power rose alongside strength in power and capital goods counters, with sector indices (including power) edging higher even as benchmarks ended lower. The move was supported by heavy participation, with volumes at 71.62 lakh shares, as investors stayed selective in industrial and electrification-linked plays.

Vedanta Ltd (+3.09%) Vedanta gained in a session where metals showed relative resilience, helping cyclical commodity names buck the weak close in benchmarks. The stock also saw significant churn, with 7.45 crore shares traded, indicating active positioning in high-beta metal names during a range-bound market.

Adani Green Energy Ltd (+3.07%) Adani Green advanced on technical momentum, closing near its 52-week high of Rs 1,338.20 as traders chased a breakout attempt. Volumes of 50.13 lakh shares supported the move, with buying concentrated in select power and renewable themes amid mixed sectoral leadership.

Godrej Consumer Products Ltd (+2.64%) Godrej Consumer rose as FMCG stocks outperformed in the day’s defensive rotation, with the FMCG index ending modestly higher even as the Nifty slipped. Investors typically prefer staples during volatility linked to crude and currency pressure, supporting demand for large-cap FMCG names.

Mid Cap Top Gainers

Aurobindo Pharma Ltd (+4.01%) Aurobindo Pharma rallied as pharma stocks stayed firm in a choppy market, with the sector among the day’s relative outperformers. The stock’s rise also tracked a move towards its 52-week high of Rs 1,459.75, as traders positioned for continued momentum.

Aditya Birla Capital Ltd (+3.66%) Aditya Birla Capital jumped after Jefferies retained a ‘buy’ rating with a target price of Rs 425, citing 29% year-on-year Q4 PAT growth and improving asset quality with lower provisioning. The brokerage also highlighted better traction in health insurance and a stronger life insurance value of new business, driving buying interest into the stock on high volumes of 1.67 crore shares.

Dabur India Ltd (+3.38%) Dabur gained as investors rotated into FMCG counters that held up better on a down day for the benchmarks, supported by the sector’s modest outperformance. The move came with healthy activity, with 28.40 lakh shares traded, signalling active accumulation in staples.

Nippon Life India Asset Management Ltd (+3.16%) Nippon Life AMC rose with a risk-managed tilt toward quality financials and capital market plays even as private banking remained weak. The stock closed just shy of its 52-week high of Rs 1,057.65, with 12.40 lakh shares traded, pointing to a momentum-led push.

Navin Fluorine International Ltd (+2.94%) Navin Fluorine climbed on a technical upmove, trading close to its 52-week high of Rs 7,043.55. The stock’s 5.80 lakh share volume suggested sustained participation in select specialty-chemical names despite mixed broader cues.

Small Cap Top Gainers

Omax Autos Ltd (+20.00%) Omax Autos hit the upper circuit after the company published copies of its audited standalone financial results for Q4 and FY ended March 31, 2026, approved by the board on May 2, 2026 and published in Business Standard on May 4. The results-related disclosure acted as the key trigger, and the stock also saw a sharp activity spike with 30.76 lakh shares traded, alongside a fresh 52-week high at Rs 186.90.

Indo National Ltd (+19.99%) Indo National surged to the upper circuit after it announced a board meeting on 15 May 2026 to consider and approve audited standalone and consolidated results for Q4 and FY ended March 31, 2026, and to evaluate a possible dividend. The dividend optionality and the near-term results date pulled in buyers, with the trading window closure also reinforcing the event-driven setup.

Media Matrix Worldwide Ltd (+19.96%) Media Matrix locked at its upper circuit, reflecting an order-imbalance day where buyers dominated and the stock could not trade higher due to price limits. With no fresh company announcement provided, the move appeared driven by circuit-driven momentum following recent weakness, amplified by microcap liquidity and 7.29 lakh shares traded.

The Investment Trust of India Ltd (+19.81%) The Investment Trust of India jumped to its upper price band at Rs 127, indicating aggressive demand in a thinly traded small-cap NBFC counter. In the absence of a specific corporate development in the provided news, the price action and 4.36 lakh share volume suggest a momentum-led move where limited supply pushed the stock into the circuit.

National Peroxide Ltd (+18.55%) National Peroxide rose sharply with strong follow-through buying in the small-cap chemicals pocket, taking the stock close to its upper circuit zone (Rs 657.10 as per the trading band shown in the context). With no new company filing cited in the inputs, the move is best explained as a technical continuation rally supported by the day’s volume of 61.24 thousand shares.

Market Overview

Indian equities ended lower in a volatile session, with the Sensex down 251.61 points (0.33%) to 77,017.79 and the Nifty down 86.50 points (0.36%) to 24,032.80. The Nifty found support near the 23,900 zone and rebounded from intraday lows, but the market remained range-bound as investors reacted to global risk cues and stock-specific triggers.

Sector performance was mixed: auto, FMCG, power, pharma and telecom indices edged up around 0.5% each, while realty fell about 1% and private banking slipped roughly 0.5%. Broader markets held up better, with midcap and smallcap indices closing with marginal gains, reflecting selective participation rather than a broad-based risk-on move.

Macro headwinds stayed in focus. The day’s pressure was attributed to higher crude oil linked to renewed US-Iran tensions, a record low in the rupee, and persistent foreign institutional outflows, while India VIX eased, suggesting volatility cooled slightly even as headline indices closed in the red.

Explore More Market Movers

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