The markets are steady in afternoon trade, and Dalal Street cheered the 25 bps rate cut by the RBI. The Nifty hovered around 26,184, and the Sensex stayed close to 85,696. Big move in several individual stocks.
Here are the top movers and shakers at this hour:
Hindustan Unilever
Hindustan Unilever share price dropped 5% as the record date for the Kwality Wall’s demerger hit the calendar. The transaction has been in the making for months, yet the actual record date triggered a sharp response as the share price adjusted to the valuation of the demerged unit.
Under the arrangement, every HUL shareholder will receive one share of Kwality Wall’s Industries for each HUL share held. The company positioned the demerger as an opportunity to create India’s first listed pure-play ice-cream entity.
InterGlobe Aviation (IndiGo)
InterGlobe Aviation share price has seen a rollercoaster session today. The share price recovered nearly 2% from intra-day lows. The DGCA withdrawal of the earlier pilot roster offered some near-term relief to the stock price. The stock has plummeted nearly 8% in the last 5 days.
Kaynes Technology
Kaynes Technology’s share price tumbled more than 8%, extending the severe two-session selloff triggered by concerns raised by Kotak Institutional Equities over mismatches in related-party disclosures. Kaynes released a detailed note late Thursday, conceding that a few disclosures had fallen short but insisting that the gaps were largely procedural and had already been corrected. The company explained that the related-party items missing from its standalone statements were an “unintentional oversight,” adding that the consolidated numbers had included the appropriate eliminations. It also told investors that the rectifications were complete and that the matter had been “taken on board to ensure adherence going forward.”
Shriram Finance
Shriram Finance share price climbed over 4% as the midday session unfolded, continuing the pattern of outperformance that has become almost routine for the counter. The RBI’s 25 bps repo rate cut added a layer of support, but the real weight came from the company’s leadership transition and the activation of its debt-raising limit of up to Rs 35,000 crore.
Zen Technologies
Zen Technologies share price gained nearly 4% at midday after announcing a Rs 120 crore defence order for a Comprehensive Training Node comprising multiple simulator systems. The order is to be completed within a year, which mattered to investors far more than any long-term promise; near-term execution windows always change the mood on a technical counter like this.
Even with the uptick, Zen Technologies remains deep in negative territory for 2025, but today’s move broke the monotony of six months of weakness and finally gave the bulls a reason to reappear on the tape.
Diamond Power Infrastructure
Diamond Power Infrastructure share price rose 5% after the company disclosed a Rs 748 crore order from Adani Green Energy, covering more than 5,600 km of HV and solar MV cables for Khavda and Rajasthan. The 12-month execution period, beginning January 2026, gave the order a sense of immediacy that the market rarely ignores.
The company also clarified that no promoter-related entities were involved on the awarder’s side, which removed any speculation around related-party concerns and allowed the stock to move on merit.
Delta Corp
Delta Corp share price jumped 6.6% at its intraday high, though the gain cooled later in the session. The trigger was simple: a promoter picked up additional shares. For a counter that has declined 39% in a year, even modest insider buying carries disproportionate weight.
The mid-session pullback, however, served as a reminder of the market’s hesitation. Traders have been burned repeatedly trying to catch a bottom here, and despite the early surge, conviction remained uneven.
SKF India
SKF India share price slipped around 3% following its listing as a standalone industrial entity after the demerger from the automotive business. The stock opened at Rs 2,630, marking a discount to its discovered price, and continued to drift slightly lower through midday.
The company has framed the separation as the beginning of a sharper, more specialised future, but investors chose to wait for the new unit’s financial cadence before assigning any valuation premium to the transition.