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HFCL, Ideaforge, among 10 smallcap stocks that more than doubled in the first 25 sessions of FY27​ - Unprecedented rally

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HFCL, Ideaforge, among 10 smallcap stocks that more than doubled in the first 25 sessions of FY27​ - Unprecedented rally
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Why it matters

This came while benchmark index Sensex jumped 7% during the period, recovering some losses after the sharp selloff in March triggered by the skyrocketing oil prices and raging Iran-US war.

Key takeaways

  • The shares of CIAN Agro Industries, Indo Tech Transformers, HFCL, Ideaforge Technology and others more than doubled in the first 25 sessions of FY27 which began on April 1 this year.
  • Chennai-based transformer manufacturer Indo Tech Transformers saw its share price rally 156% in the first 25 trading sessions of FY27.
  • Manufacturer and service provider of defense systems and security solutions, Sigma Advanced Systems, formerly known as Megasoft, saw its share price skyrocket 121% in the first 25 trading sessions of FY27.

The shares of CIAN Agro Industries, Indo Tech Transformers, HFCL, Ideaforge Technology and others more than doubled in the first 25 sessions of FY27 which began on April 1 this year. This came while benchmark index Sensex jumped 7% during the period, recovering some losses after the sharp selloff in March triggered by the skyrocketing oil prices and raging Iran-US war.

Chennai-based transformer manufacturer Indo Tech Transformers saw its share price rally 156% in the first 25 trading sessions of FY27. The shares of the company are up 71% in 2026 so far and around 14% in one year. In the longer term, the smallcap stock rallied around 1,209% in three years and a whopping 2,575% in five years.

Manufacturer and service provider of defense systems and security solutions, Sigma Advanced Systems, formerly known as Megasoft, saw its share price skyrocket 121% in the first 25 trading sessions of FY27. The stock hit a fresh 52-week high of Rs 354.90 apiece on Tuesday. The stock has jumped over 14% in one week and is up more than 70% in 2026 so far. In the longer term, the shares of the company have rallied 405% in one year, 844% in three years and a whopping 2,677% in five years.

Indiabulls shares have jumped 118% in the first 25 sessions of FY27. The shares of the company jumped 64% in one month and are up more than 17% in 2026 so far. The stock has jumped around 55% in one year, but fell 78% in five years.

Sterlite Technologies shares rallied 113% during the period under review. The shares of the optical fiber cable manufacturer have gained 24% in one week and 75% in one month. The stock is up around 294% in 2026 so far. In the longer term, the stock rallied 508% in one year, 148% in three years and 74% in five years.

The shares of JTL Industries have jumped 100% in the first 25 sessions of FY27. The stock gained nearly 16% in one month and 27% so far in 2026. It rose over 17% in one year but declined 2.5% in three years.

Economic TimesVerified

Curated by David Kim

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Publisher: Economic Times

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Published: May 13, 2026

Read time: 2 min

Category: Business