The broader market was leaning downwards in afternoon session, with the Nifty at 25,790, down 85, and the Sensex slipping 260 points to 84,210 levels. There was no single trigger driving sentiment. However weak global cues, hawkish Fed comment reined in sentiment. Moreover, the trend in Bihar election results so far has also been largely factored in bythe market.
Here are the top movers and shakers at this hour:
Muthoot Finance
Muthoot Finance share price jumped sharply, rising as much as 10.66% to a fresh high of Rs 3,755 on the NSE after the gold financier delivered numbers that left very little room for doubt about where its momentum currently stands. The company posted a standalone net profit of Rs 2,345 crore for Q2 FY26, an 87% jump from Rs 1,251.1 crore in the same quarter last year.
Total income rose to Rs 6,461 crore from Rs 4,126 crore a year earlier, driven almost entirely by a surge in interest income, which climbed to Rs 6,304 crore compared to Rs 4,068 crore in Q2 FY25. Expenses moved up as well, Rs 3,309 crore versus Rs 2,418 crore last year, but that didn’t dent the overall tone.
Gold loan AUM expanded by Rs 11,723 crore during the quarter, registering a 10% rise, and that single line was enough to keep the stock firmly in demand through most of the session.
Transformers and Rectifiers
The share price of Transformers and Rectifiers were stuck in a 10% upper circuit at Rs 318.20 on the NSE and Rs 318.25 on the BSE after the company informed exchanges that the World Bank had removed its name from its debarred list.
The World Bank also granted an extension for the company to submit its explanation in the ongoing sanctions case, pushing the deadline to January 12, 2026. The earlier ban linked to an alleged bribery issue in a Nigerian power project had barred the company from participating in World Bank-funded projects until June 2029.
Pine Labs
On to the new listing of the day- Pine Labs share price is surging higher after a strong market debut, listing at Rs 242 on both the NSE and the BSE. This is about 9.5% higher than the issue price of Rs 221.
LG Electronics India
Not so good news for another recent listing. The share price of LG Electronics India dropped more than 5% intra-day on disappointing Q2 FY26 results. Its Q2 net profit declined 27.3% to Rs 389.43 crore from Rs 535.70 crore a year earlier.
Revenue was nearly flat at Rs 6,174.02 crore compared to Rs 6,113.88 crore last year. The sharper hit came from the decline in EBITDA margin, which slipped to 5.48% from 7.57% on a YoY basis.
Jubilant FoodWorks
Jubilant FoodWorks’ share price jumped up 8.5% to Rs 622.50 on the BSE and 8.62% to Rs 622.95 on the NSE, the strongest single-day gain in over fifteen months. The surge came after the firm reported that its net profit nearly tripled in Q2 FY26 Rs 186 crore versus Rs 64 crore a year earlier.
Bharat Dynamics (BDL)
Bharat Dynamics’ share price surged as much as 7.3% to Rs 1,628.80 after the company secured a Rs 2,095.70 crore contract with the Ministry of Defence for supplying Invar anti-tank missiles to the Indian Army.
The firm also reported a healthy September quarter, reinforcing the positive sentiment. The terms of the contract remain undisclosed due to security considerations, but investors didn’t wait for details before bidding up the stock.