The markets are muted today. The Nifty is struggling close to 25,300 levels. The Sensex too is under pressure, down over 300 points intra-day. The small and midcaps are outperforming the benchmark with big action in select stocks.
Here is a look at big movers and shakers at this hour –
Adani Enterprises, Adani Total Gas
The share price of Adani Enterprises, the flagship firm of Adani Group, surged 5.3% to an intra-day high of Rs 2,529 on the National Stock Exchange. The stock is the top Nifty gainer, outperforming the benchmark. The uptick in the share price of Adani Enterprises came after SEBI gave a clean chit to the Adani Group companies against the allegations made by the now-defunct US-based short seller, Hindenburg Research. The share price of Adani Total is up 10% intra-day.
Adani Power
Adani Power’s share price jumped 13.5% to the day’s high of Rs 716.50 on the NSE. It also saw an uptick in its share price due to the same reason as Adani Enterprises. Adding to the enthusiasm, Morgan Stanley initiated coverage on Adani Power with an ‘Overweight’ rating, along with a target price of Rs 818, which implied a potential upside of up to 30%.
Vodafone Idea
Vodafone Idea share price saw a sudden jump in its stock price after the Supreme Court deferred the hearing of Vodafone Idea’s plea to September 26. The government told the SC that it does not oppose Vodafone Idea’s plea on AGR dues. However, a solution is required as the Centre is also an equity holder. To which the SC stated that there has to be some finality to these proceedings.
Canara Bank
The share price of Canara Bank saw a 2% rise in intraday trade. This brings the stock within reach of its 52-week high of Rs 119.30. Around 6.65 lakh shares traded and a turnover of Rs 7.80 crore. During the session, the stock hit a low of Rs 115.50. Over the past five trading sessions, Canara Bank shares have gained 5%, while in 2025 so far, the stock is up 17%.
Kaynes Tech
The share price of Kaynes Technology took a hit in the intraday trading session after the news that its chief executive officer, Rajesh Sharma, has resigned. The share price of the company slipped more than 6% from the day’s high. In an exchange filing, the company said, “…Mr. Rajesh Sharma – Chief Executive Office and Key Managerial Personnel has tendered his resignation from the office of Chief Executive Officer of the Company to pursue opportunities outside Organisation and his resignation will be effective from the close of business hours on October 31, 2025.”