Indian Stock Market: 22 Nifty 500 Stocks That Defied Market Volatility to Gain Over 50% in H1FY26
The Indian stock market witnessed significant volatility in the first half of the current financial year (H1FY26) on account of various factors such as Trump tariffs, foreign capital outflow, and stretched valuations. However, despite this cautious market sentiment, as many as 22 stocks in the Nifty 500 index surged by more than 50% in H1FY26.
Top Gainers in the Nifty 500 Index
Netweb Technologies and Gujarat Mineral Development Corporation (GMDC) were the top gainers in the Nifty 500 index, with gains of 141% and 126%, respectively, in the first half of the year. They were followed by GE Vernova T&D and Force Motors, which gained 91% and 86%, respectively.
Shares of Authum Invest (up 78%), Delhivery (up 76%), and HBL Engineering (up 72%) gained over 70% each in H1FY26. Stocks such as Syrma SGS Tech (up 67%), JM Financial (up 66%), Tata Investment Corporation (up 65%), L&T Finance (up 63%), and Eternal (up 62%) jumped over 60% each during the period under review.
RBL Bank (up 60%), Aditya Birla Capital (up 58%), Maharashtra Scooters (up 54%), Choice International (up 53%), CCL Products (up 52%), Hyundai Motor (up 51%), Data Pattern (up 51%), Garden Reach Shipbuilders and Engineers (GRSE) (up 50%), Nippon Life India Asset Management (up 50%), and Godfrey Phillips (up 50%) were also among the stocks that rose over 50% during H1FY26.
Outlook for H2FY26
While the first half of the year has seen muted gains, hopes are high that the second half of the year (H2FY26) will be better due to policy support, monetary easing, and earnings revival. According to Jimeet Modi, the founder and CEO of SAMCO Group, the effects of policy measures like relief given in the income tax during the budget presentation, RBI slashing interest rates by 50 basis points (bps), and the recent announcements of major cuts in the GST rates will start trickling into the system from the second half (H2) of FY26 and should begin impacting positively the corporate performance and its profitability going ahead.
Pranab Uniyal, Head – HDFC Tru (Investment Advisory, HDFC Securities), believes that stronger earnings growth, moderate valuations, interest rate cuts, and GST rationalisations are the key tailwinds for the Indian stock market. He expects earnings growth to pick up in certain large sectors, such as banking and consumer staples, over the next six months. GST cuts could help auto and consumer durables earnings. Some reasonable ideas can also be found in mid- and small-cap stocks, but investors should rely on strong bottom-up research.
Investment Strategies for Indian Investors
For Indian investors, it is essential to stay informed about the market trends and developments. With the market expected to revive in the second half of the year, investors can look at investing in stocks that have strong fundamentals and growth potential. It is also crucial to diversify the portfolio and not put all the eggs in one basket.
In addition to the top gainers mentioned above, there are other stocks in the Nifty 500 index that have the potential to perform well in the coming months. Investors can consider investing in these stocks after conducting thorough research and analysis.
Conclusion
In conclusion, the Indian stock market has witnessed significant volatility in the first half of the current financial year, but there are signs of revival in the second half of the year. With policy support, monetary easing, and earnings revival, the market is expected to perform better in the coming months. Investors can look at investing in stocks with strong fundamentals and growth potential, and it is essential to stay informed about the market trends and developments.
