Ather Energy, HFCL, BHEL among 5 stocks that have surged over 100% from 52-week lows; check full list

The Indian equity benchmarks have been defying the subdued trend in Asian markets and have staged a strong rebound from the 52-week lows they touched on April 2, 2026.

The SENSEX has advanced as much as 9% from its 52-week low of 71,545.81, and the NIFTY50 index has surged a whopping 9.5% from its 52-week low of 22,182.55.

The surge in the benchmarks has come on the back of expectations of strong earnings from the ongoing June-quarter results season, analysts said.

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

Amid a trend of broad recovery in the equity markets, here are the top five companies from the NIFTY500 space that have rebounded more than 100% from their 52-week lows:

Ather Energy

Shares of the electric two-wheeler maker have surged as much as 284% to ₹1,264.65 from its 52-week low of ₹329.20 it touched on July 28, 2025. The stock came under buying interest after the country’s largest two-wheeler maker announced that it will invest ₹1,000 crore in Ather Energy, its associate company.

Hero MotoCorp directors on July 14 approved the additional investment, and in exchange, Ather Energy will issue equity shares or other eligible convertible securities on a preferential basis subject to the necessary regulatory approvals.

The company also said that it will launch a new scooter based on the newly developed EL platform as the company plans to enter the affordable market. The new scooter will be priced in the range of ₹1-1.25 lakh.

HFCL

The country’s leading telecom infrastructure and optical fiber services provider has surged 275% to ₹225 from its 52-week low of ₹59.82 it touched on January 27, 2026.

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 the January-March quarter with an 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%.

BHEL

Shares of the heavy electrical equipment maker has climbed 112% to ₹435 from its 52-week low of ₹205 it touched on August 29, 2025.

The company’s revenue from operations jumped 40.29% year-on-year (YoY) to ₹7,698 crore in the first quarter of FY27, compared to ₹5,487 crore in the year-ago period.

During the quarter under review, the company clocked ₹5,919.50 crore in revenue from the power segment, reflecting a 51.82% YoY increase from ₹3,898.86 crore in the June F26 quarter.

Kirloskar Oil Engines

Shares of the country’s leading heavy-duty gensets maker have surged 180% to ₹2,394.9 from a 52-week low of ₹855.80 it touched on September 8, 2025.

The stock has been witnessing buying interest for quite some time now. Last month, the company informed exchanges that it secured a 192 MW power systems order for large-scale data centres in India.

Kirloskar Oil Engines said that the company had received a high-capacity power system supply order from an AI-enabled data centre solutions company, HyperNext.

As per the deal update, Kirloskar Oil Engines is set to supply 192 megawatts (MW) or 96 units of KOEL’s 2500 kVA Optiprime™ Dual Core power systems, which will be used to support hyperscale data centres in India.

Vodafone Idea

Shares of the country’s third-largest telecom services provider have surged 127% to ₹13.88 from its 52-week low of ₹6.12 it touched on August 14, 2025.

The stock came under buying interest after it received much-needed relief from the government. The government slashed the adjusted gross revenue (AGR) liability of the company by about 27% to ₹64,046 crore after reassessing statutory dues and has allowed a five-year moratorium on these payments.

The Union Cabinet on December 31 approved a major relief package for Vodafone Idea, freezing its outstanding AGR dues and granting a five-year moratorium on payment in a move to provide a critical lifeline to the beleaguered telco.

The move followed a favourable order VIL got from the Supreme Court, which allowed the government to reconsider and take an appropriate decision with reference to the additional AGR demand raised for the period up to the financial year 2016-2017 and to comprehensively reassess and reconcile all AGR (adjusted gross revenue) dues, including interest and penalty.

Aditya Infotech, Cemindia Projects, Acutaas Chemicals, Netweb Technologies, Welspun Corp, Schneider Electric Infrastructure, Adani Energy Solutions, Aegis Logistics, Syrma SGS Technology, Hindustan Copper, Emmvee Photovoltaic Power, Prime Focus, Apar Industries, Granules India, Hitachi Energy, RR Kabel, Adani Green, Acme Solar and Chennai Petroleum Corporation shares have also surged over 100% from their respective 52-week low prices, data from Ace Equity showed.