24 stocks in Nifty Microcap index delivered gains between 200% and 470% in last 1 year; check full list

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Also Read: Sun TV Network, Prima Plastics, among shares to trade ex-dividend today Electrosteel Castings is a market leader in India, with a 20% market share in the domestic DI pipe industry (in volume terms). It was the first company to introduce DI pipe products to the domestic market in 1994. The company stands as a major beneficiary of governmental initiatives such as the Jal Jeevan Mission and AMRUT 2.0, emphasising water projects.

Over the past year, Electrosteel Castings' shares surged from ₹34 to ₹191 each, marking a stunning gain of 461%. Recently, domestic brokerage firm B&K Securities initiated coverage on the stock with a 'buy' rating, setting a target price of ₹233 apiece based on a FY26E EV/EBITDA multiple of 9.0x. Also Read: Inflation data, Q4 results, global cues to guide market direction this week Patel Engineering, a leading player in the infrastructure and construction sectors, emerged as the third top performer, showcasing a substantial return of 312%.

In February, it reached a seven-year high of ₹79 per share, driven by significant order wins. Since its low of ₹7.10 per share in March 2020, the stock has surged by 788%. The Government of India's persistent focus on infrastructure development, evident in the FY25 interim budget allocation of ₹11.11 lakh crore, presents favorable prospects for infrastructure and construction firms like Patel Engineering.