Mumbai, May 13 -- Beneath the gloom gripping Indian equities, a quiet rally is reshaping parts of the market. Even as foreign investors pull money out, crude prices climb and benchmark indices struggle for direction, a narrow band of companies tied to infrastructure, industrials and commodities is emerging as a standout winner.

A Mint analysis of 1,431 BSE-listed stocks with a market capitalization of more than Rs.1,000 crore shows that while nearly 47% of companies remain in the red so far in 2026, 64 stocks-or nearly 5% of the universe-have posted outsized gains of more than 50%.

Additionally, around 150 stocks gained between 25% and 50%, 245 rose by 10% to 25%, and another 294 recorded modest gains of up to 10%.

Notably, one-third o...