Top Gainers Today 07-May-2026: Paytm, Polycab lead

Introduction

Nifty 50 closed at 24,326.65 (-0.02%) while Sensex ended at 77,844.52 (-0.15%) on Thursday, as markets stayed range-bound after a volatile session. Market breadth remained firm, with 327 stocks in the Nifty 500 universe closing higher, reflecting continued outperformance in broader markets. Capital goods and defence-linked names dominated the gainers list, alongside select chemicals and real estate counters on stock-specific news.

Large Cap Top Gainers

Polycab India Ltd (+6.95%) Polycab surged as investors reacted to commentary highlighting an EBIT margin beat supported by one-off gains and foreign exchange benefits, alongside management’s stated focus on sales revamp and large-account mining to improve pipeline conversion. The stock also moved close to its 52-week high (Rs 9,040), reinforcing the breakout-style move.

Bharat Heavy Electricals Ltd (+5.26%) BHEL advanced as power and capital goods names outperformed during a session when defence and industrial counters led sectoral gains. The move also tracked a near 52-week high setup (Rs 408.30), with heavy volumes (3.93 crore shares) indicating strong participation.

GE Vernova T&D India Ltd (+5.00%) GE Vernova T&D climbed in line with the day’s strength in capital goods and electrification plays, which benefited from broader-market leadership and sector rotation into industrials. The stock ended near its 52-week high (Rs 4,819.80), signalling a momentum-driven continuation.

Hitachi Energy India Ltd (+4.58%) Hitachi Energy gained as investors rotated into power equipment counters on a day when capital goods pockets remained strong despite flat benchmarks. The stock also neared its 52-week high (Rs 34,944.60), a technical cue that often draws incremental buying.

CG Power & Industrial Solutions Ltd (+3.54%) CG Power rose alongside the strong tape in industrial and electrical equipment names as broader indices hit fresh highs and traders favoured stock-specific momentum. Volumes were elevated at 1.57 crore shares, supporting the upmove.

Mid Cap Top Gainers

One 97 Communications Ltd (+8.02%) Paytm jumped as the midcap segment extended its outperformance with the Nifty Midcap index hitting a fresh high, drawing traders to higher-beta, high-liquidity names. The move came on very strong volume of 1.54 crore shares, pointing to aggressive positioning rather than a low-volume drift.

Bharat Forge Ltd (+6.23%) Bharat Forge rose as auto stocks led sectoral gains with the Nifty Auto index up over 2%, keeping auto ancillaries in focus. The stock also traded closer to its 52-week high (Rs 2,025), aiding momentum.

Bharat Dynamics Ltd (+4.68%) Bharat Dynamics climbed as defence was the day’s strongest sectoral pocket, with the Defence index rising about 3.30% in the session. Higher sectoral participation typically lifts defence names as traders re-rate the entire basket together.

Altius Telecom Infrastructure Trust (+3.75%) Altius InvIT gained to Rs 166, matching its 52-week high, indicating a clear technical breakout during a broader-market upmove. Volume of 12 lakh units suggested active trading interest as the price tested the annual peak.

Linde India Ltd (+3.70%) Linde India advanced as investors continued rotating into industrial names amid strong midcap breadth, even as benchmarks ended flat. The stock’s move was supported by relatively healthy turnover for the counter, with 2.34 lakh shares traded.

Small Cap Top Gainers

Aeroflex Industries Ltd (+20.00%) Aeroflex hit the upper circuit after reporting its strongest-ever Q4 and FY26 performance, with Q4 PAT up 57% YoY to Rs 17.64 crore and revenue up 37% YoY to Rs 125.84 crore. The company also guided for over 35% revenue growth by FY27, backed by skid assembly capacity expansion, and the board recommended a final dividend of Re 0.40 per share. The stock also closed at its 52-week high (Rs 413.40) on heavy volume of 1.96 crore shares.

Godrej Industries Ltd (+20.00%) Godrej Industries locked in a 20% upper circuit after its March-quarter earnings beat estimates, triggering immediate re-rating by investors. Separately, the Godrej Industries Group announced a new purpose and brand identity, outlining a long-term ambition of Rs 5,00,000 crore by 2031, reinforcing the strategic narrative behind the stock’s move.

Apcotex Industries Ltd (+19.99%) Apcotex hit the 20% upper circuit after Q4 FY26 net profit more than doubled, with PAT up 107.4% YoY to Rs 34.74 crore. The company’s FY26 results also showed sharp recovery with EBITDA up 42% YoY and PAT up 87.5% YoY, and the board recommended a final dividend of Rs 5.50 per share (total dividend of Rs 8.0 cited in the results note).

Embassy Developments Ltd (+19.99%) Embassy Developments rallied after the NCLAT set aside insolvency proceedings, quashing the CIRP and removing IBC and ASM-related restrictions, which allowed normal trading to resume from May 6. Investors also reacted to disclosed operating momentum, with FY26 pre-sales rising 128% to Rs 4,631 crore, strengthening the turnaround case as the legal overhang eased.

MIRC Electronics Ltd (+19.98%) MIRC Electronics spiked to its 52-week high of Rs 39.76 in a sharp momentum move, with the price action suggesting a breakout-led rally. Trading activity was unusually strong, with about 5.66 lakh shares changing hands on BSE versus an average of 1.35 lakh shares over the past month, indicating a volume-led chase.

Market Overview

Sensex slipped 114 points to 77,844.52 (-0.15%) and Nifty ended nearly flat at 24,326.65 (-0.02%), even as broader indices stayed firm. Nifty Midcap rose 1.1% to a record 62,094.40 and the Smallcap index gained 0.9%, underlining continued preference for mid and small caps.

Sector performance was mixed: auto and defence led the gains, while FMCG and IT faced selling pressure. Market breadth remained supportive with 327 out of Nifty 500 stocks closing higher, indicating wide participation beyond index heavyweights.

Macro cues were steady, with the rupee strengthening to 94.25 per dollar (up 36 paise) as softer crude and a weaker dollar supported the currency. Technically, traders tracked key Nifty levels around 24,200 as support and the 24,480-24,575 zone as near-term resistance after another consolidation-heavy session.

Explore More Market Movers

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