It’s a steady Wednesday session for the markets, with the Nifty nearing 25,300, while the Sensex gained more than 300 points. Buying interest was visible in insurance, financials, and capital goods. Several tech sector stocks are also reacting to the Q2 numbers.
Here are the top movers and shakers at this hour:
ICICI Lombard
The share price of ICICI Lombard General Insurance Company jumped nearly 8% to an intra-day high of Rs 2,002.20 after investors reacted positively to its September-quarter results. The insurer posted an 18% year-on-year rise in net profit to Rs 819.5 crore for Q2 FY26, compared to Rs 694 crore in the same quarter last year.
Persistent Systems
Persistent Systems share price advanced 7.28% to Rs 5,712.30 following the company’s Q2 FY26 results. Net profit increased 11% sequentially to Rs 471.47 crore from Rs 424.90 crore in the previous quarter. The strong performance highlighted operational discipline and continued deal traction despite global IT demand moderation.
Tech Mahindra
The share price of Tech Mahindra slipped around 2% in early trade after the firm released its Q2 FY26 numbers. Revenue from operations grew 5.12% year-on-year to Rs 13,995 crore, led by ramp-ups in BFSI, retail, and manufacturing verticals. However, management’s cautious tone on future growth overshadowed the revenue beat, pushing the stock to a low of Rs 1,440.90 compared with the previous close of Rs 1,468.15.
LG Electronics India
LG Electronics India share price rose nearly 1% to Rs 1,708.35, extending gains for a second straight session after its strong stock market debut on Tuesday. The company had listed at a 50% premium over its IPO price, Rs 1,715 on the BSE and Rs 1,710.10 on the NSE.
Power Mech
Share price of Power Mech traded more than 1% higher after the company announced a Rs 2,500 crore order win from BHEL for a thermal power project in Telangana. The order strengthened Power Mech’s project pipeline and reaffirmed its reputation as a reliable player in the power infrastructure space.
Adani Power
Adani Power share price continue to see heavy trading volumes for the second straight day. Around 9.15 million shares changed hands, with a total traded value of nearly Rs 14,038 lakh. The stock is off its early lows in afternoon trade. It had slumped nearly 3% inta-day. .
Godrej Properties
The share price of Godrej Properties gained close to 4% to Rs 2,133 after the company acquired a 26-acre land parcel near Sarjapur Road in Bengaluru. The planned premium residential project is expected to generate revenue potential of approximately Rs 1,100 crore.
PSU Banks
PSU bank sector stocks extended their rally, with most major counters in green. Bank of Baroda climbed 1.53% to Rs 268.10, Bank of India advanced 1.53% to Rs 126.10, and Bank of Maharashtra surged 4.42% to Rs 57.62. Canara Bank was up 1.84% at Rs 127.50, Central Bank of India gained 1.33%, IDBI Bank edged higher by 0.49%, Indian Bank rose 0.93%, Indian Overseas Bank added 1.45%, and PNB increased 1.17% to Rs 116.55.
Financial Services Secretary M. Nagaraju said, “Public sector banks have emerged stronger and more resilient, with credit growth outperforming their private peers in the recent past.” The statement mirrored market data, PSU banks have shown improved asset quality, higher profitability, and stable credit expansion. Investors viewed this as structural progress, not a short-term rebound.