5 NIFTY500 multibaggers of 2026: HFCL tops with 214% rally; Welspun Corp, Aditya Infotech on list

The Indian equity benchmarks have staged a strong bounce back from 52-week lows they touched on April 2 after the crude oil spiralled in the backdrop of United States and Israel launching an attack on Iran. The NIFTY50 index has advanced 8.43% and the 30-share SENSEX has gained 7.7% from the lows of April, data from the stock exchanges showed.

Indian equities are showing resilience on the back of better-than-anticipated first-quarter earnings, despite tensions between the US and Iran resurfacing.

The companies that have reported their quarterly numbers have either met or surpassed estimates, analysts noted.

HFCL

HFCL shares have so far this year surged a whopping 214% from ₹68 to ₹213 as of Tuesday's closing price, data from Ace Equity showed. The stock came under buying interest after the company won multiple domestic as well as export orders.

The company last week announced that it secured an export order worth $51.98 million for the supply of optical fiber cable based data centre connectivity solutions, through its overseas wholly owned material subsidiary, from a renowned international customer.

Last month, HFCL said that it was awarded a contract worth ₹2,666.09 crore by Rail Vikas Nigam Limited (RVNL).

The scope of the contract included supply of telecom equipment and related accessories with installation and commissioning, creation of optical fiber cable telecom network and maintenance of the project for a period of 10 years, including a 1-year warranty period.

HFCL reported its highest-ever annual and quarterly performance in January-March quarter with order book of more than ₹21,000 crore.

The company's revenue jumped to ₹1,824 crore in Q4 from ₹800 crore in the same period last year, marking an increase of 128%.

Welspun Corp

Shares of the Mumbai-based company which specialises in manufacturing large-diameter pipes have surged 107% from ₹814 to ₹1,683 year-to-date (YTD).

The company on Tuesday said that it received a fresh order for supply of pipes for oil & gas export project valued at approximately ₹1,400 crore.

With this order the company's order book jumped to ₹23,650 crore reinforcing strong revenue visibility and providing continuity of operations across both our India and US manufacturing assets.

The order book is scheduled for execution over FY27 and FY28, positioning the company for sustained growth momentum over the next two fiscal years.

Aditya Infotech

Shares of the country's leading technology company specialising in electronic video surveillance and security solutions maker have climbed as much 143% to ₹3,623 compared with ₹1,490 at the end of December 2025.

The maker of CP Plus CCTV cameras was one of the most successful IPO listings in 2025 and continues to deliver robust returns to its investors.

The company’s investor presentation highlighted that the revenue for the quarter ended March 31, 2026, jumped 45% YoY to ₹1,422 crore as compared to ₹977 crore in the same period last year. Similarly, the gross margin for the quarter improved from 22% in Q4FY25 to 31% in Q4FY26.

At the operational level, the EBITDA for the quarter jumped 162% YoY to ₹258 crore as compared to ₹98.4 crore in the same period last year. Similarly, the EBITDA margin for the quarter improved to 18.1% from 10.1% in the previous year. The profit after tax soared 207% to ₹169 crore as compared to ₹55 crore in the same period last year.

Acutaas Chemicals

Formerly known as Ami Organics, the country's leading specialty chemical maker, has rewarded its investors with return of 103% YTD. The stock has surged from ₹1,705 at the end of December 2025 to ₹3,460.

The Surat-based company's revenue from operations at the end of March quarter rose 40% to ₹433 crore compared with ₹308 crore in the same period last year.

Its net profit advanced more than doubled to ₹134 crore at the end of Q4 from ₹63 crore in the year-ago period.

Cemindia Projects

Formerly known as ITD Cementation, the country's leading infrastructure developer, has delivered a return of 103% to its investors. The stock has jumped from ₹788 to ₹1,596 so far this year.

The company's net profit in March quarter more than doubled to ₹239 crore from ₹113.55 crore in the same period last year.

Its revenue from operations jumped 15% to ₹2,907 crore compared with ₹2,532 crore in the year-ago period.