The market is under pressure in the afternoon trade. The Nifty is trading below 25,900, while the Sensex slipped to 83,900 levels. The weakness at the index level did not prevent sharp stock-specific moves. Earnings, block deals, and global cues ensured that several counters refused to follow the benchmark’s subdued tone.
Here are the top movers and shakers at this hour:
IT Stocks
IT stocks remained under pressure, with the Nifty IT index down over 10.5% year-to-date and more than 10% over the past 30 days.
Tata Consultancy Services and Wipro have hit fresh 52-week lows in early trade. The latest leg of weakness followed another soft close on Wall Street.
The Dow Jones Industrial Average declined 0.13%, the S&P 500 edged lower, and the Nasdaq Composite slipped 0.16%. Software stocks in the US continued to struggle. Salesforce fell 4%, ServiceNow dropped 5%, and the iShares Expanded Tech-Software Sector ETF slid over 2%, leaving it nearly 30% below its 52-week high. Cisco Systems fell 7% in extended trading after issuing weak guidance.
Hindustan Unilever
Hindustan Unilever reported a 121.41% surge in consolidated profit after tax to Rs 6,607 crore for the December quarter, compared to Rs 2,984 crore a year earlier. Revenue from operations increased 5% to Rs 16,580 crore.
The quarter included an exceptional loss of Rs 576 crore linked to the implementation of new Labour Codes. During the quarter, the company also demerged its ice cream business to Kwality Wall’s (India) Ltd. Revenue from the sale of products rose 5.71% to Rs 16,197 crore.
IRCTC
Indian Railway Catering & Tourism Corporation share price slipped 0.7% ahead of its Q3 result announcement, trading near Rs 623.
In the previous quarter, the company reported Rs 1,146 crore revenue and Rs 342 crore net profit. In Q3FY25, revenue stood at Rs 1,225 crore and net profit at Rs 341 crore. The earnings call is scheduled for February 13.
Lenskart
Lenskart Solutions share price jumped as much as 12.48% to hit a record high after posting a multifold rise in quarterly profit.
The company reported a consolidated profit after tax of Rs 132.7 crore, compared to Rs 1.8 crore a year earlier. Revenue from operations rose 38% to Rs 2,308 crore.
India revenue grew 40.4% year-on-year, while international revenue increased 32.7%. Management attributed the expansion to margin improvement, customer additions and stronger international traction.
Ather Energy
Ather Energy share price gained as much as 3.71% after global and domestic institutional investors acquired a 1.92% stake through open market transactions.
A total of 73,33,219 shares, representing 1.92% equity, changed hands at an average price of Rs 710 per share, aggregating to Rs 520.66 crore, as per media reports. The seller was National Investment and Infrastructure Fund (NIIF), which exited its entire 1.92% holding. At the December quarter end, NIIF held precisely that stake. After this transaction, it is out.
Borosil Scientific
Borosil Scientific share price surged as much as 20% after the company reported a sharp rise in December-quarter profit.
The stock traded over 17% higher by late morning. The company reported a 101.63% year-on-year jump in consolidated net profit to Rs 8.67 crore, compared to Rs 4.3 crore a year earlier. Revenue from operations increased 19.57% to Rs 121.3 crore.
Segment performance was solid. Revenue from the scientific laboratory glass and equipment and process system segment rose 23.7% to Rs 87.26 crore, while the glassware vertical grew 10.62% to Rs 32.89 crore.
Netweb Technologies India
Netweb Technologies India share price declined as much as 4.4% amid large block deals, before trimming losses to around 1.88%.
About 1.38 million shares, or 2.4% equity, changed hands on the NSE, according to exchange data. Buyers and sellers were not immediately known.
Kirloskar Oil Engines
Kirloskar Oil Engines share price rose as much as 7.9% to its highest level since July 2024.
The stock was trading over 5% higher by late morning. Over the past 12 months, it has gained 87.3%, sharply outperforming the broader index.
Yatra Online
Yatra Online share price fell as much as 9.1% after reporting mixed Q3 results, though losses narrowed to about 4% later in the session.
The company posted a 17% decline in consolidated net profit to Rs 8.3 crore, compared to Rs 10 crore a year earlier. Revenue from operations rose 9% to Rs 256.8 crore.