The markets are sideways in afternoon trade. The Nifty is holding above 25,900 and the Sensex is trading near 84,900. The real action though is individual stocks.
Here are the top movers and shakers at this hour:
Reliance Industries (RIL)
Reliance share price was up around 1% during the midday session, continuing the run that has already pushed the stock 27% higher this year. Reliance Industries’ share price rose to Rs 1,552, hitting a 52-week high in Tuesday’s trading session. Mukesh Ambani-owned stock has jumped nearly 4% in a month and over 8% in six months.
Siemens Energy
Siemens Energy share price gained over 4% after reporting a stronger-than-expected quarter. Net profit climbed 32%, revenue rose 27%, and operating profit improved 25%, even though margins tightened a bit. What mattered more was that the numbers came from a business that has just undergone demerger and listing fresh structure, fresh scrutiny.
Orient Electric
Orient Electric’s share price jumped 15.5%, and the timing of the surge told its own story. The rally arrived right after iShares Core MSCI Emerging Markets ETF dumped 0.59% of the company’s equity in a bulk deal, as per various media reports. A sale of that size usually drags a stock down, yet the market chose the opposite reaction. It looked like traders were relieved the overhang was gone and used the vacuum to drive the price higher.
For a company whose brand is familiar across households but whose stock rarely produces such intraday bursts, the move was loud enough to stand out.
Sobha Realty
Sobha share price traded higher around 1.2% after the developer finally stepped into Mumbai with its first project. The company announced 310 apartments under ‘SOBHA Inizio’, a relatively sharp entry considering how crowded the city’s real estate battlefield is. Sales bookings for the year have already been strong, rising 30% YoY, and the market treated the Mumbai launch as a signal that Sobha intends to compete in the city rather than observe from the sidelines.
Yatra Online
Yatra Online share price dropped over 7% after the company announced the appointment of Siddhartha Gupta as the new CEO, following Dhruv Shringi’s resignation. Leadership changes at travel companies tend to trigger discomfort, especially when the sector’s recovery is uneven.
Apollo Micro Systems
Apollo Micro Systems share price gained 2.5%, reacting to fresh orders worth Rs 27.36 crore. DRDO contributed one part of the order, and a private client accounted for the rest. Defence-linked names often rise simply because of association, but in Apollo’s case, the orders offered concrete evidence of business flow. The stock held its gains despite muted sentiment in the broader defence space.
Glenmark Pharmaceuticals
Share price of Glenmark gained 2.77% after launching what it described as the world’s first nebulised fixed-dose triple therapy for COPD. Pharmaceutical counters often rise on approvals or launches, but Glenmark’s move looked more forceful almost a reminder of how quickly sentiment can turn when a company brings something genuinely new into the market.
Pavna Industries
Pavna Industries share price surged nearly 10% before settling with a more subdued gain around midday. The company signed an MoU with the Uttar Pradesh government, and the market treated it as a sign of long-term alignment rather than a one-off announcement. The counter snapped a three-day losing streak, but the company still carries a 36% decline for the year, which means investors were treating today’s rise with cautious optimism.
GEE
GEE share price rose 5.82%, driven by the company’s land development agreement in Thane. For a mid-sized capital-goods firm known mainly for welding consumables, the announcement opened a different revenue lane altogether. The agreement gives GEE access to 2,90,000 sq. ft. of RERA-registered commercial space, translating to revenue potential exceeding Rs 400 crore a substantial figure for its current scale.
