The market continues to be under pressure in afternoon trade. The Nifty has slipped below 25,900, while the Sensex is down nearly 500 points. However, several individual stocks are in the spotlight on the back of strong movement in their share price. New listings kept running higher, lenders took a hit on cautious brokerage calls, telecom names moved in opposite directions, and a handful of smaller companies found sharp bids on decisive corporate actions.
Here are the top movers and shakers at this hour:
Meesho
Meesho share price jumped 13.3%, extending its post-listing surge and pushing the stock to a fresh high. Meesho’s share price during the midday session traded around 5.5%. The rally lifted the company’s market capitalisation beyond Rs 85,000 crore, a notable outcome on a day when broader markets struggled to find balance. That sentiment was strengthened after Choice Institutional Equities initiated coverage with a ‘Buy’ rating and a target price of Rs 200, arguing that Meesho’s path to profitability could arrive sooner than previously assumed.
Axis Bank
Axis Bank share price declined over 4%, making it one of the sharper drags among large private lenders. The pressure followed a note from Citi Research, which flagged that recovery in net interest margins could take longer than earlier guidance, as per various media reports. The brokerage now sees meaningful improvement only by Q4FY26 or even Q1FY27, pushing out expectations that had earlier been set closer.
Bharti Airtel
Bharti Airtel share price jumped nearly 2% as positive brokerage commentary kept demand intact despite weak market conditions. According to various media reports, Morgan Stanley maintained a constructive view on the telecom major, stating that premium valuations are likely to hold and that the industry’s recovery phase remains on track. The firm expects steady improvement in average revenue per user, supporting double-digit growth in Airtel’s India business over the medium term.
Eternal
Eternal shares Tuesday ended a three-day winning streak , falling over 5%, amid profit booking after a brokerage note by UBS flagged a loss of food delivery market share to Swiggy in November.
The stock declined as much as 5.29% to an intraday low. According to a UBS note, cited by Informist, Swiggy gained market share from Eternal in the food delivery segment during November. The brokerage said industry order volumes declined 5.3% in November from the previous month. Eternal’s order volumes fell 4.4% during the period, while Swiggy’s volumes rose 0.1%.
Shakti Pumps
Shakti Pumps shares continued their strong momentum on Tuesday, climbing 4.26% marking their fourth consecutive day of gains. Over the past four trading sessions, the stock has surged over 40%, fueled by a string of major order wins.
The surge follows recent announcements by the company regarding three substantial orders for solar water pumping systems. On December 11, Shakti Pumps received a letter of empanelment from Maharashtra State Electricity Distribution Company Limited for 16,025 off-grid DC solar photovoltaic water pumping systems worth Rs 443.78 crores under the PM-KUSUM B scheme, to be executed within 60 days.
SEPC
SEPC share price jumped nearly 8% after the company secured a meaningful railway infrastructure subcontract. The order, valued at Rs 269.69 crore, is part of the Ajmer–Chanderiya Doubling Project under the North Western Railway. SEPC clarified that the contract has been awarded to the VPRPL–SBEL joint venture, with SEPC responsible for execution under the joint venture’s supervision. The scope includes extensive formation and civil works across the Mandpiya to Chanderiya section.
MTNL
Mahanagar Telephone Nigam share price jumped over 9% after the board approved the sale of residential property at GN Block, BKC Quarters in Bandra (East), Mumbai, to Nabard. The asset sale involves 28 residential quarters and was seen as a step toward monetising non-core holdings. In a market that has little patience for balance-sheet stress, such moves still matter.