Four stocks emerged as top gainers on the Nifty 500 index on Tuesday, April 7, following their respective fourth quarter business updates shared after market hours on Monday. According to reports from CNBC TV18, Gallant Ispat Ltd. led the gains with a 13% surge, followed by CreditAccess Grameen Ltd. at 10%, while Shyam Metalics and Energy Ltd. and Godrej Consumer Products Ltd. posted gains between 3% to 4.5%. The strong performance reflects positive investor sentiment toward these companies' quarterly results and business outlook, with the market showing resilience despite broader volatility concerns.
Gallant Ispat reported exceptional production growth across multiple segments in its Q4 results. As reported by CNBC TV18, the company achieved a 14% jump in power production to 2.23 lakh Mega Units compared to 1.96 lakh Mega Units last year. The company's pellet production surged by 59%, sponge production increased by 38%, while billets and M.S. Bar production grew by 9% each. Revenue for the billets business increased by 30% from last year, while the M.S. Bar segment saw 8% year-on-year revenue growth. Capacity utilization stood at 91% at the end of the fourth quarter and 86% for the full financial year.
CreditAccess Grameen demonstrated robust growth momentum in its business update, positioning itself for accelerated growth in financial year 2027. According to CNBC TV18, disbursements for the quarter grew by 28% from last year to ₹8,313 crore, while full-year disbursements were up by 24% to ₹24,860 crore. The microfinance lender reported that asset quality has completely normalized across geographies, with the stock maintaining gains of over 5% despite cooling from recent highs. The company's strong performance reflects its ability to maintain growth momentum while addressing previous asset quality concerns.
Shyam Metalics achieved significant growth in stainless steel operations during March, as reported by CNBC TV18. The company noted a 59% increase in stainless steel sales to 10,519 tonnes, with month-on-month growth of 27%. Stainless steel's average realizations increased by 19% from the year-ago period to ₹1.52 lakh per tonne, though this figure was down 0.6% on a month-on-month basis. Pellet sales volumes increased by 44.3% from last year and nearly 77% from February to 1.06 lakh tonnes. The stock maintained gains of 4.3% following the business update, demonstrating strong operational performance across multiple product segments.
Godrej Consumer Products reported strong quarterly performance with double-digit sales growth and high single-digit volume growth for Q4 compared to the same quarter last year. According to CNBC TV18, excluding soaps, volume growth remains in double-digits, while the Indonesia business shows signs of stabilization with mid-single digit volume growth and sustained market share gains. However, the company warned that rising crude and commodity costs may impact margins by 6% to 9%. Shares gained as much as 4% but were off opening highs, currently trading 2.3% higher at ₹1,025.05.
