The markets are under pressure, with the Nifty struggling near the 25,900 levels while the Sensex is down more than 400 points. The tone is heavy, driven by earnings reactions across several large and midcap names.
There are big cuts in the pharma sector today. Banking stocks added to the weakness. The Nifty Bank index dropped nearly 200 points, with investors showing caution after a mixed set of quarterly numbers from lenders earlier this week.
Here are top movers and shakers at this hour:
Sagility
Sagility share price jumped 11.53% to Rs 56.78 after the company posted a strong second-quarter performance. The BPO firm’s consolidated revenue rose 25.2% year-on-year to Rs 1,658.5 crore in Q2 FY26, compared with Rs 1,325 crore in Q2 FY25. Sequentially, revenue grew 7.8% from Rs 1,538.9 crore in Q1 FY26.
In constant currency terms, growth stood at 20% YoY, with organic expansion at 16%. Adjusted profit after tax surged 84% year-on-year to Rs 301 crore, and sequentially, profit climbed 50.7%. The adjusted PAT margin expanded sharply to 18.1%, up from 13% in the June quarter and 12.3% a year ago. Reported PAT doubled to Rs 250.8 crore, a 113.8% YoY rise. Investors rewarded that performance immediately.
Vodafone Idea
Vodafone Idea share price plunged over 12% to Rs 8.20 after clarity emerged on the Supreme Court’s order on adjusted gross revenue (AGR) dues.
The Court confirmed that the government could review only the additional dues from 2016–2017. That meant the larger historical liability remains unchanged. By noon, the stock recovered slightly to Rs 8.80, still down nearly 6%. For Vodafone Idea, every legal update feels like a lifeline and this one was a disappointment.
LIC Housing Finance
LIC Housing Finance share price fell 4.44% to Rs 567.10 after the company announced its September-quarter results. The stock slipped steadily through the morning session as investors digested the numbers, which pointed to a weaker-than-expected margin trajectory.
Though loan disbursements remained strong, funding costs and subdued spreads weighed on sentiment.
Bharat Heavy Electricals (BHEL)
BHEL share price gained 5% to hit an intraday high of Rs 257.30 as the company reported an extraordinary 254% jump in consolidated net profit to Rs 375 crore for Q2 FY26. The figure was sharply higher than the Rs 106 crore earned in the same quarter last year.
Revenue and execution improved across the power and industrial systems segments, aided by strong order inflows and operational leverage.
Dr. Reddy’s Laboratories
Dr. Reddy’s share price dropped 5.72% to Rs 1,180.90, marking its steepest one-day fall in over two years. The trigger was a notice of non-compliance from Canada’s drug authority regarding its Semaglutide injection the same molecule used in blockbuster drugs Ozempic and Wegovy.
PB Fintech
PB Fintech share price rose 5.25% to Rs 1,814 after the company’s strong quarterly earnings reignited investor enthusiasm. The parent firm of Policybazaar and Paisabazaar reported a net profit of Rs 135 crore in Q2 FY26, up 165% from Rs 51 crore a year earlier.
The revenue mix also improved, with insurance distribution seeing double-digit growth and lending products scaling rapidly.