With the Sensex slipping slightly to 80,477 and the Nifty edging down to 24,547 at this hour, investors are closely watching the stocks making the biggest waves. What is fueling the gains, and which names are dragging the indexes down?
Let’s take a into the key movers shaking up the market this midday and find out where the action is heating up.
MRF
Share price of tyre manufacturer MRF showed some recovery after falling to intraday lows following the company’s June quarter results. MRF reported a 14% decline in net profit to Rs 484 crore compared to Rs 563 crore in the same period last year, with margins narrowing despite a rise in other income to Rs 125 crore from Rs 83 crore. Revenue grew 7% year-on-year to Rs 7,560 crore from Rs 7,078 crore. The stock is currently trading around Rs 1,40,995, has declined about 5% over the past month but remains up 9% for the year so far.
P N Gadgil Jewellers
Share price of PN Gadgil Jewellers rose by up to 6% following its June quarter results. The company reported a net profit of Rs 69.3 crore, nearly double the amount from the same quarter last year, while revenue increased marginally by 2.8% to Rs 1,714.5 crore.
Action Construction
Action Construction Equipment saw its share price fall by as much as 12% after reporting sequential declines in revenue and profit. Revenue dropped 27.5% quarter-on-quarter to Rs 703.2 crore, and EBITDA fell 16.4% to Rs 143.9 crore for Q1 FY26.
Astral
Astral’s share price fell 8% following its quarterly report, which showed a 32.6% year-on-year decline in consolidated profit after tax to Rs 81.1 crore. Revenue slipped nearly 2% to Rs 1,361 crore, and EBITDA decreased 14%, while margins shrank by 195 basis points.
Titagarh Rail Systems
Titagarh Rail Systems share price gained 5.2%, reaching an intra-day high of Rs 818, even though the company’s net profit fell 54% year-on-year to Rs 30.86 crore in Q1 FY26. The stock movement came after the company announced a major order win and shared management insights on the quarter.