Several small-cap stocks posted sharp gains over the past month, aided by strong sectoral momentum and sustained investor interest in niche growth businesses. Companies operating in defence, pharmaceuticals and digital payments were among the biggest beneficiaries.
Here are five small-cap stocks that have risen more than 50% in the last month.
Paras Defence and Space Technologies Ltd
One-month return: 68%
Market capitalization: ₹11,094 crore
Closing price: ₹1,376.75
Paras Defence and Space Technologies develops and manufactures products for defence and space applications. Its portfolio includes:
- Defence electronics
- Optics and optronics
- Space engineering products
The company has been benefiting from increasing focus on indigenous defence manufacturing and higher spending in strategic sectors.
Sigma Advanced Systems Ltd
One-month return: 58%
Market capitalization: ₹9,718 crore
Closing price: ₹551.45
Sigma Advanced Systems operates in the defence electronics segment and provides mission-critical systems for military applications.
Its offerings include:
- Command systems
- Communication equipment
- Defence electronics solutions
Rising defence modernization and procurement activity have supported investor interest in the stock.
Bliss GVS Pharma Ltd
One-month return: 56%
Market capitalization: ₹5,006 crore
Closing price: ₹473.30
Bliss GVS Pharma manufactures pharmaceutical products across several therapeutic areas and has a sizeable export presence.
Its product portfolio includes:
- Suppositories
- Oral formulations
- Gynecology products
The company continues to expand across regulated and semi-regulated markets.
Venus Remedies Ltd
One-month return: 55%
Market capitalization: ₹2,267 crore
Closing price: ₹1,696
Venus Remedies focuses on injectable formulations and antibiotics.
Key segments
- Critical care
- Specialty pharmaceuticals
- Export markets
The company has established a presence in multiple international markets and operates in niche healthcare categories.
Network People Services Technologies Ltd
One-month return: 52%
Market capitalization: ₹3,224 crore
Closing price: ₹1,546.40
Network People Services Technologies operates in the digital payments and fintech space.
Its business offerings include:
- Prepaid payment instruments
- Digital payment solutions
- Financial technology services
Growing adoption of digital payments and cashless transactions has supported sentiment around the stock.
Sector themes driving the rally
Strong buying interest was seen across sectors benefiting from long-term structural trends.
Major themes included:
- Defence manufacturing
- Export-oriented pharmaceutical companies
- Specialty healthcare businesses
- Digital payments and fintech
Investor interest also remained strong in companies linked to innovation-led and high-growth segments.
TL;DR
Paras Defence, Sigma Advanced Systems, Bliss GVS Pharma, Venus Remedies and Network People Services Technologies have gained between 52% and 68% over the past month, supported by strong momentum in defence, pharma and fintech sectors.
AI Summary
- Paras Defence topped the list with a 68% one-month gain.
- Sigma Advanced Systems rose 58%.
- Bliss GVS Pharma and Venus Remedies gained over 55%.
- Network People Services Technologies advanced 52%.
- Defence, pharma and fintech sectors drove the rally.





