The markets are rather quiet in the afternoon trade. The Nifty is below 26,000 while the Sensex is hovering around 84,600. Though the movement across the benchmark Index is stuck in a narrow range, individual stocks are in the spotlight.
Here are the top movers and shakers at this hour:
Sun Pharmaceutical Industries
Sun Pharmaceutical Industries share price declined nearly 3% after the company disclosed that its Baska facility received an Official Action Indicated classification from the US FDA. The inspection covered September dates, and while the company said manufacturing and supply to the US market would continue, investors did not wait for further clarity.
Ola Electric Mobility
Ola Electric Mobility share price declined about 4.5%, slipping to a fresh 52-week low, as promoter selling continued to weigh heavily. Founder Bhavish Aggarwal sold another tranche of shares through open market transactions, part of a broader effort to fully repay promoter-level loans and release pledged shares.
Tata Consultancy Services
Tata Consultancy Services share price gained close to 2% after the company disclosed its AI-led services revenue for the first time. The management said AI-related work now contributes $1.5 billion in annualised revenue, backed by thousands of projects and deep client penetration.
Cyient
Cyient share price jumped nearly 2% after the company announced that its semiconductor arm will acquire a majority stake in Kinetic Technologies. The deal, valued at up to $93 million, positions Cyient Semiconductors deeper into power management and mixed-signal ICs, targeting data centres, electrification, automotive, and edge AI.
HDFC AMC
HDFC Asset Management Company share price jumped around 2% as asset management companies reacted positively to SEBI’s latest decisions on mutual fund expense structures. The regulator introduced the concept of a base expense ratio, separating statutory levies from core fund management costs, while retaining the overall total expense ratio framework.
UTI AMC
UTI Asset Management Company share price jumped nearly 2% in tandem with peers, reflecting the same regulatory relief trade. SEBI’s decision to take what it described as a “balanced” approach helped stabilise sentiment around profitability concerns. The stock moved steadily higher, supported by sector-wide buying rather than any company-specific trigger.
Nippon Life India AMC
Nippon Life India Asset Management share price jumped about 1.5% as the broader AMC pack stayed in demand. The separation of statutory taxes from the base expense ratio was read as reducing uncertainty rather than rewriting the rulebook.
Angel One
Angel One share price jumped around 2% as broking firms also benefited from the SEBI board outcome. The market interpreted the regulator’s stance as avoiding abrupt disruption to the capital markets ecosystem.