Indian equities are muted at midday on December 30, with benchmarks slipping after the recent run-up, even as stock-specific action stayed intense. The Nifty 50 is struggling below 25,900 while the BSE Sensex is hovering around 84,500, indicating a cautious undertone rather than outright risk-off. Meanwhile, several stocks were moving sharply, driven by commodities, corporate actions, listings, management changes, and regulatory developments.
Here are the top movers and shakers at this hour:
Hindustan Copper
Hindustan Copper share price jumped over 6% at midday, extending its relentless rally to an eighth straight session. The stock has surged more than 41% in eight trading days, riding a powerful upswing in copper prices across global and domestic markets.
Trading volumes expanded sharply, indicating the intensity of participation. Copper futures on the MCX hit record territory, while global prices crossed levels that few had expected this quickly.
Dixon Technologies
Dixon Technologies (India) Ltd. share price declined further, hitting a fresh 52-week low and extending its losing streak to six sessions. The stock is now down over 36% from its peak, a sharp reversal for a name that had been a market favourite.
Pressure has built steadily as investors reassess the outlook for domestic electronics manufacturing. The recent extension of India’s IT hardware import norms has added to concerns, allowing global brands to continue importing finished products, which in turn dampens near-term visibility for local EMS players.
Shriram Finance
Shriram Finance share price rose over 2% after Care Ratings upgraded its non-convertible debentures and subordinated debt to CARE AAA, while reaffirming top-tier short-term ratings.
The upgrade followed a review of operational and financial performance, reinforcing confidence in asset quality and capital strength.
Shyam Dhani Industries
Shyam Dhani Industries share price surged nearly 90% on debut, delivering one of the strongest SME listings of the year. The stock opened well above its issue price, rewarding investors handsomely on day one.
The IPO was a pure fresh issue, with proceeds earmarked for working capital, marketing, debt reduction, and capacity-related investments.
Waaree Energies
Waaree Energies Ltd. share price slipped nearly 2% at midday after the company confirmed the resignation of its CEO. The announcement unsettled sentiment, particularly given the stock’s recent weakness.
While the board has approved the appointment of a new chief executive, investors chose caution, with the stock extending its short-term decline. The broader trend remains mixed, with gains earlier in the year now offset by recent volatility.
Gujarat Kidney and Super Speciality
Gujarat Kidney and Super Speciality share price listed with a modest premium, marking a subdued but positive debut. The IPO was entirely a fresh issue, and the listing reflected restrained optimism rather than exuberance.
Orient Technologies
Orient Technologies Ltd. share price jumped over 13% after shareholders approved a 1:10 bonus issue. The move triggered strong buying interest, with traders reacting to the capital structure change and the signalling effect of the bonus announcement.
Deccan Gold Mines
Deccan Gold Mines Ltd. share price tumbled nearly 10%, with selling pressure intensifying after the company’s recent rights issue. The stock slipped closer to its long-term lows, breaking key technical levels along the way.
Silver Touch Technologies
Silver Touch Technologies Ltd. share price gained over 7%, hitting a fresh record high after the company was selected as a digital transformation partner for the Indian Navy.
The development strengthens its defence and mission-critical portfolio, a segment investors increasingly associate with long-duration revenue visibility.