The markets are rather quiet after a mid-week holiday. The Nifty is flat around 25,550, while the Sensex is slightly higher around 83,480 levels. Around mid-day, thge mood has a hint of caution with weakness in banking and metal counters. However, FMCG and select midcaps managed to find some strength. Investors continued to react to a flood of earnings and management updates that have kept volatility alive through the week.

Here are the top movers and shakers at this hour:

Asian Paints

Asian Paints share price rose as much as 5%, hitting an intraday high of Rs 3,332 on the NSE after developments around its main competitor, Birla Opus, lifted sentiment.

The resignation of Rakshit Hargave, CEO of Birla Opus, who will now take charge as CEO of Britannia Industries from December 15 coupled with increased weightage of the stock in MSCI as per the November review, lifted sentiment. Additionally, softness in crude prices, a key component in the paint industry, also boosted investor appetite. 

Hindalco Industries

The share price of Hindalco Industries slumped more than 7% to Rs 581 after its US-based subsidiary Novelis posted mixed quarterly numbers.Most importantly the street is worried about the longer-term fallout of the fire in Novelis’  US plan. Hindalco estimates $550–650 million impact on free cash flow from Novelis plant fire. Furthermore, the aluminium major highlighted that Novelis may also incur cost of $21 million additionally in restoring the operations. It is likely to restart in December.

InterGlobe Aviation (IndiGo)

The share price of IndiGo’s parent company, InterGlobe Aviation, gained 3.5% to Rs 5,833.50 as investors digested the airline’s September quarter results.

The company posted a consolidated loss of Rs 2,581.7 crore for Q2 FY26, compared to a Rs 986.7 crore loss a year earlier, largely due to forex adjustments.

Still, the market tone around the stock was positive. IndiGo’s leadership in capacity and operational efficiency continued to reassure investors despite quarterly losses. Year-to-date, the stock is up nearly 25%, valuing the company at Rs 2.22 lakh crore.

Redington

Redington share price jumped 13.34% to Rs 283.65 following a robust Q2 performance.

Net profit rose 32% year-on-year to Rs 388 crore from Rs 293 crore a year ago, while revenue from operations advanced 17% to Rs 29,076 crore compared with Rs 24,896 crore last year.

However, the company’s operating profit (EBITDA) fell 15% to Rs 389 crore, with the margin narrowing 50 basis points to 1.34%.

RBL Bank, M&M

RBL Bank share price is about 1% after a sharp 2.5% intra-day jump after Mahindra & Mahindra sold its entire 3.53% stake in the lender for Rs 678 crore, locking in a 62.5% gain on its initial Rs 417 crore investment. In its filing, M&M clarified that the sale was a treasury transaction and not linked to any strategic shift.

Delhivery

Delhivery share price declined over 8% after the logistics firm reported a consolidated loss of Rs 50.49 crore for the September quarter, compared to a profit of Rs 10.20 crore in the same period last year.

Revenue from operations increased 14.81% year-on-year to Rs 2,651.53 crore from Rs 2,309.33 crore. On a standalone basis (excluding integration costs related to Ecom Express), profit after tax came in at Rs 59 crore versus Rs 10 crore last year.

Paytm

One 97 Communication, the parent firm of Paytm has seen ovr 4% jump intra-day. According to Motilal Oswal, “we marginally raise our contribution margin assumptions for Paytm, driven by stronger revenue traction and prudent opex control. Despite the one-off impairment charge in 2Q, we maintain our profitability estimates.”

Astral

Astral share price climbed 5.78% to Rs 1,552.40 as the company reported strong results for the September quarter.

Revenue rose 15.1% year-on-year to Rs 1,577.4 crore from Rs 1,370.4 crore. Profit after tax increased 24% to Rs 134.8 crore, while profit before tax rose 20.9% to Rs 179.9 crore. EBITDA grew 22.5% to Rs 268.2 crore, with margins improving to 17% from 16% a year earlier.

In the paints and adhesives segment, revenue advanced 13.6% to Rs 458.8 crore, and segment EBITDA surged 33.5% to Rs 55.3 crore, with margins expanding to 12.1% from 10.3%.

Ather Energy

Ather Energy share price slipped 6% to Rs 629.60 amid concerns over continued losses.

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For the quarter ended June 2025, the EV maker reported a net loss of Rs 178.2 crore, compared to a loss of Rs 105.9 crore in the same period last year. Net sales dropped to Rs 644.6 crore from Rs 702.4 crore earlier.

For the full year ended March 2025, Ather reduced its net loss by 23.3% to Rs 812.3 crore, against a loss of Rs 1,059.7 crore in FY24. Annual revenue, however, grew 28.6% year-on-year to Rs 2,255 crore.

Ola Electric

Ather’s other electric two-wheeler peer Ola Electric, too, has seen over 3% correction in prices today. The company’s operational outlook after Q2 results highlighted that for the Auto segment, they “expect lower volumes than the Q1 guidance as we continue to focus on margin and cash discipline in a hyper competitive market.”

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For H2 FY26, “Ola is targetting total deliveries of approximately 100,000 units. This moderation in unit volumes will be complemented by new Ola Shakti volumes beginning in Q4, which will grow and diversify our top line,” the company added.