Smallcaps Surge: TFCI, Netweb, Orient Tech, Gandhar Oil Rocket Up to 20% on Heavy Volumes

Monday’s market belonged to the bulls in the overall market. The Sensex traded in a flat manner, whereas the smallcaps surged ahead. Among smallcaps, the BSE Smallcap Index led its counterparts, taking cues from stockspecific catalysts, ranging from expansion plans to the purchase made by the respective promoters.
For traders, the day had everything to do with big breakouts in the following names: Tourism Finance Corporation of India (TFCI), Gandhar Oil Refinery, Orient Technologies, and Netweb Technologies.

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TFCI: Locked in at 20% Upper Circuit

The star stock for the day was Tourism Finance Corporation of India, which opened in the 20% upper circuit at ₹66.16. This stock witnessed a buying frenzy, with the total number of shares traded exceeding 118 million. What prompted the surge? There have been two main growth triggers. 
Firstly, TFCI expressed their intentions to focus on Alternative Investment Funds, as they planned to be a co-sponsor as well as the anchor investor for the "Holystone Hospitality Fund" as well as the "Certus Real Estate Fund". Secondly, whispers on the market have shown that a bulk deal occurred, with a significant investment made by Ekta Halwasiya, showing their conviction in the stock.

Gandhar Oil: Geopolitics and Promoter Confidence

Gandhar Oil Refinery surged over 17% to an intraday high of ₹ 177.60. Shares posted a ten-fold jump in average trading volumes, snapping a two-day slide with one serious, unmistakable move.
What's driving it: The rally appears to have two broad threads. On the fundamental side, investor confidence received a fillip after it was announced that the promoter group, Gandhar Coals & Mines, raised its stake by more than 1% through open-market purchases. On the broader side, global analysts point to rising tensions between the US and Venezuela; an important oil producer--which has turned the spotlight on oil-related stocks, thereby helping names such as Gandhar.

Orient Technologies: The Bonus Issue Boost

Shares of Orient Technologies surged around 13% and were trading at around ₹461, after rallying for a total of five days and gaining approximately 40%. 

The prime reason remains the bonus issue in the ratio of 1:10. Monday, 5 January 2026, has been fixed as the record date to determine the names of the beneficiaries. Such announcements, however, always help improve liquidity and investor sentiment, attracting more retail participation. The stock is now well above all its major moving averages, indicating a strong technical upward momentum.

Netweb Technologies: Institutional Accumulation

Netweb Technologies, high-end computing solutions provider, rose around 10% to ₹3,288, breaching a short consolidation. 
The trigger was strong buying by institutions rather than a market-wide rally. Delivery volumes surged 94% over the five-day average, indicating genuine buying on delivery and not a fleeting intraday move. A key beneficiary of the Make in India initiative on server manufacturing, Netweb stays on the long-term funds' radar.

Volume is King

From a purely technical perspective, Monday's piece was purely Volume Price Analysis (VPA). 
TFCI has busted through the 200-Day Moving Average with a breakaway gap, a strong indication of a trend reversal to the positive. 
Gandhar Oil indicates the formation of an Engulfing Bullish pattern on the daily charts, indicating that the correction phase ends and a new phase of upward movement begins. 
Netweb maintains a position above the 50DMA, while the RSI makes way out of the middle zone, leaving ample space to move further upscale.

The Bottom Line

As the Nifty and Sensex stagnate, the action is in the smallcaps. These smallcaps that are moving now represent a market eager for growth catalysts, the kind that come from corporate overhauls (TFCI), conviction buying (Gandhar), or funding decisions (Orient)