Indian markets are listless in afternoon trade with investors reacting sharply to a series of corporate developments and quarterly results. The Nifty hovered near 25,570, barely up 2 points, while the Sensex slipped 31 points to 83,500. The session saw pockets of volatility as stock-specific moves dominated sentiment.
Here are the top movers and shakers at this hour:

Britannia Industries

Britannia share price fell sharply after a major leadership shake-up at the FMCG giant. The stock plunged 6.69% to Rs 5,723 on the NSE following the sudden resignation of Varun Berry, the company’s Vice-Chairman, Managing Director, and CEO.

The company said Berry submitted his resignation and proposed to serve the contractual notice period, but the board chose to waive his obligation, ending his tenure abruptly. Rakshit Hargave, former CEO of Birla Opus and an FMCG veteran, has been appointed as Managing Director and Chief Executive Officer, effective December 15, 2025.

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Investors reacted nervously to the news, given Berry’s two-decade-long presence and his key role in transforming Britannia into one of India’s most profitable consumer firms. Analysts noted that sudden management transitions often trigger uncertainty, even in fundamentally sound businesses.

Bajaj Finance

Bajaj Finance share price slipped 7% to Rs 1,008, despite the NBFC reporting a reasonable quarterly performance for the July–September period. What rattled investors was the worsening asset quality, which overshadowed the otherwise steady topline.

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Gross non-performing assets (GNPAs) rose to 1.24% of gross loans as of September 2025, up from 1.06% a year earlier. This deterioration signaled mounting pressure in select unsecured loan segments and led to fresh concerns about the company’s retail book exposure.

While management reaffirmed that the overall credit cost remains within the guided range, traders were quick to take profits after the recent rally in the counter.

Syrma SGS Technology

The share price of Syrma SGS Technology gained nearly 6%, extending their winning streak after the company announced the acquisition of a 60% majority stake in Elcome Integrated Systems, a well-known defence and maritime electronics firm.

Elcome, a long-established player in advanced electronic and integrated command systems, specializes in indigenous mission-critical technologies—a space witnessing heightened domestic demand. Syrma SGS stated that the remaining 40% stake will be acquired in multiple tranches over the next three years, subject to performance-linked earn-out milestones.

The acquisition signals a strategic expansion for Syrma SGS into high-margin defence electronics, complementing its existing ESDM (electronics system design and manufacturing) business.

Vodafone Idea

Vodafone Idea share price jumped 6.3% t as investors cheered as the telecom operator narrowed quarterly loss and saw marginal improvement in revenue. The company reported a net loss of Rs 5,524.2 crore in Q2 FY26, compared to Rs 7,175.9 crore in the same quarter last year and Rs 6,608 crore in Q1 FY26.

Revenue from operations rose 2.41% YoY to Rs 11,194.7 crore, with sequential growth of 1.6%. Despite the improvement, the debt-heavy telecom remains in a precarious position, with management emphasizing ongoing discussions around tariff rationalization and fundraising.

Poly Medicure

Poly Medicure share price surged 9.38% to Rs 2,037, bucking the broader market trend. The company, however, trimmed its growth forecast by around 4–5 percentage points, citing a more cautious outlook amid cost pressures and regulatory headwinds.

Subros

Subros share price crashed more than 8%, marking its steepest single-day fall since March 2020, as the market reacted to a disappointing operating performance in its September quarter earnings.

Though net profit grew 11.8% YoY to Rs 40.7 crore and revenue increased 6.2% to Rs 879.8 crore, the company’s EBITDA fell 10.1% YoY to Rs 68.4 crore, and EBITDA margin shrank to 7.7% from 9.2% a year earlier.

The margin erosion was primarily due to higher raw material and employee costs, squeezing profitability even as topline improved modestly.