Microcap Stocks Rally; ISGEC Heavy, Sterlite Tech, Anup Engineering Jump Up To 20%

Microcap stocks outperformed benchmark indices on February 10, as the Nifty Microcap 250 index gained 1.02% by 11:06 AM, compared with a 0.39% rise in the Nifty 50, according to data from the National Stock Exchange (NSE).

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The index has risen 3.7% over the past two trading sessions, versus a 1% gain in the benchmark.
The rally followed company-specific developments and earnings announcements for the December 2025 quarter (Q3FY26).

ISGEC Heavy Engineering Hits Upper Circuit After Q3 Results

Shares of ISGEC Heavy Engineering surged 20% and were locked at the upper circuit at ₹946.25 on the NSE. The stock moved higher after the company reported a 92% year-on-year rise in consolidated net profit at ₹112.17 crore for Q3FY26, as per its stock exchange filing.

The company’s board also approved capital expenditure proposals, including ₹22.60 crore for a new machining shop for its iron foundry division and ₹218 crore for expansion of its machine building division. ISGEC Heavy further revised its proposed investment for the process skids and modules facility at the SEZ in Dahej to ₹110 crore from ₹87 crore, according to the filing.

Sterlite Technologies Rises To Over Two-Year High

Sterlite Technologies (STL) shares climbed 14% to an intraday high of ₹163.40 on the BSE, the highest level since September 2023, as per exchange data. The stock has gained 23% over the past two trading sessions. STL operates as a global provider of advanced connectivity solutions, offering end-to-end products and services for AI-ready infrastructure, FTTx, rural broadband, enterprise, and data centre networks. During the year-to-date period of FY26, the company recorded orders worth ₹4,263 crore, marking a 40.3% increase over the previous year, according to company disclosures.

Anup Engineering Gains On Order Book Update

Shares of Anup Engineering rose 10% to ₹2,211.60 in intraday trade on the NSE. The stock has gained 14% over the past two trading sessions, based on exchange data.

The industrial products company manufactures process equipment such as heat exchangers, vessels, reactors, and columns. The management reiterated revenue growth guidance of 15–20%, supported by an executable order book of ₹550 crore and an inquiry pipeline of ₹1,100 crore, as per its regulatory filing. Exports accounted for 53% of the company’s revenue.

Broader Microcap Participation

Other microcap stocks also recorded gains during the session. Sansera Engineering and Route Mobile rose around 12% each, while Vesuvius, Ceigall India, Ajax Engineering, and Hikal advanced between 6% and 10% on the NSE, according to exchange data.

The broader gains reflected stock-specific disclosures and earnings-related developments during the trading session on February 10.