Retail investors bet on these 10 small-cap stocks; they rally up to 185% in 3 months

Retail investors raised their stakes in 195 Nifty Smallcap 500 stocks during the March 2026 quarter, with over 100 of these names delivering returns of 25 to 185 percent since April. Four stocks turned multibaggers in the period, while Cemindia Projects, Apollo Micro Systems, and Lloyds Engineering led the broader small-cap rally.