The domestic market was under visible strain by midday on February 13, with benchmark indices slipping in tandem with heavy selling across metals, select public sector names and technology counters. The Nifty was trading around 25,530 levels while the Sensex hovered at 82,823.38.
The IT stocks have seen a significant recovery in midday trade. Here are the top movers and shakers at this hour:
Metal stocks
Metal counters bore the brunt of the global commodity sell-off. Shares of Hindustan Zinc fell as much as 5.1% on the NSE, while Hindustan Copper declined nearly 4%, reacting to a steep correction in international metal prices in the previous session.
In global markets, spot gold dropped more than 3% to a near one-week low below the key $5,000 level, while spot silver plunged about 11% amid a stronger dollar.
Hindustan Zinc had reported a 46.2% rise in consolidated net profit to Rs 3,916 crore for the quarter ended December 31, 2025, compared to Rs 2,678 crore a year earlier. Consolidated income rose to Rs 11,273 crore from Rs 8,832 crore, while total expenses increased to Rs 6,068 crore from Rs 5,305 crore. The company ended the quarter with gross investments and cash equivalents of Rs 9,342 crore and total borrowings of Rs 9,013 crore. Despite these numbers, the stock reacted to commodity weakness.
Hindustan Copper reported a 148.49% jump in consolidated net profit to Rs 156 crore for Q3 FY26 from Rs 62.87 crore a year ago. Revenue from operations rose 109.7% to Rs 687.34 crore, and total income stood at Rs 705.31 crore. The operational performance was strong on paper. The market, however, was looking at global copper prices first.
IT stocks
Technology shares are in focus after the sharp cut and equally significant recovery by midday trade. However, the Nifty IT index has slid over 10.5% year-to-date and more than 10% over the past 30 days, reflecting sustained selling.
Among frontline names from the IT pack, key counters are off lows but still in the red. Tata Consultancy Services was down 2.51%. Infosys is lower by 2.27%. HCL Technologies was down 1.15%. Wipro traded slipping 2.27%, while LTIMindtree was down 1.73%. While Tech Mahindra‘s share price is marginally green.
The weakness mirrors global technology sentiment. Wall Street ended lower overnight, with the Dow Jones Industrial Average falling 0.13%, the S&P 500 easing marginally, and the Nasdaq Composite slipping 0.16%. Software stocks remained under pressure amid concerns over artificial intelligence-driven disruption. Salesforce fell 4%, ServiceNow dropped 5%, and the iShares Expanded Tech-Software Sector ETF slid more than 2%, placing it nearly 30% below its 52-week high. Cisco Systems declined 7% in extended trade after issuing weak guidance.
Hindustan Aeronautics
Hindustan Aeronautics rose as much as 1.47% after the Ministry of Defence signed a Rs 2,312 crore contract with the company for eight Dornier 228 aircraft and related equipment for the Indian Coast Guard. Around mid-morning, the stock was up 0.48% at Rs 4,179.
For Q3 FY26, HAL reported a 29.64% increase in consolidated post-tax profit to Rs 1,866.68 crore from Rs 1,439.83 crore. Revenue from operations rose 10.65% to Rs 7,698.8 crore, while EBITDA advanced 11.2% to Rs 1,871 crore, with a margin at 24.30%. The board also announced an interim dividend of Rs 35 per share.
The company reiterated that five Tejas aircraft are ready for delivery, though engine supply delays from GE Aerospace have slowed the broader rollout under the Rs 48,000 crore deal for 83 jets.
IRCTC
Indian Railway Catering & Tourism Corporation traded in green after it reported a 15.61% year-on-year rise in consolidated net profit to Rs 394.33 crore for Q3 FY26, compared to Rs 341.09 crore in the year-ago period. Revenue from operations climbed 18.36% to Rs 1,449.47 crore from Rs 1,224.66 crore.
EBITDA stood at Rs 465 crore, up 11.73% from Rs 417 crore, though EBITDA margin narrowed to 32.11% from 34.02%. Segment-wise, catering revenue rose 19.22% to Rs 661.43 crore, rail neer increased 6.63% to Rs 102.75 crore, internet ticketing grew 13.26% to Rs 400.63 crore, and tourism advanced 29.29% to Rs 289.27 crore.
Muthoot Finance
Shares of Muthoot Finance plunged 12% during the midday, despite reporting record quarterly numbers. Consolidated AUM crossed Rs 1.64 lakh crore, up 48% year-on-year, while standalone AUM rose 51% to Rs 1.47 lakh crore. The gold loan segment contributed Rs 1.39 lakh crore, growing 50% year-on-year.
Muthoot Money’s AUM jumped 168% to Rs 8,003 crore, with total revenue rising 222% to Rs 862 crore and profit at Rs 203 crore compared to a loss of Rs 2 crore a year ago. Even with upgrades from global brokerages citing strong gold prices and expanding yields, the stock saw heavy profit booking.
Engineers India
Shares of Engineers India surged as much as 15.93% after reporting its Q3 FY26 results. The stock was trading 15.11% higher at Rs 208.23 around late morning trade.
The company posted a 219.3% year-on-year jump in consolidated net profit to Rs 347.17 crore, compared to Rs 108.73 crore in the same period last year. Revenue from operations rose 58.29% to Rs 1,210.24 crore from Rs 764.59 crore. EBITDA increased 259.79% to Rs 352 crore from Rs 98 crore, with EBITDA margin expanding to 29.10% from 12.80%.
The consultancy and engineering projects segment generated revenue of Rs 490.14 crore, while the turnkey projects vertical recorded Rs 720.10 crore. The market rewarded the sharp improvement in profitability and margin expansion with aggressive buying.
Physicswallah
Physicswallah rose as much as 7.6% on the NSE after releasing the transcript of its earnings call. The company reported a 10% rise in net profit to Rs 101 crore for the October-December period, compared to Rs 91 crore a year ago. Revenue from operations grew 34% to Rs 1,082 crore from Rs 810 crore.
EBITDA increased 28% to Rs 236 crore, though EBITDA margin contracted by 90 basis points to 21.8%. The company stated that its online segment now contributes nearly 51% of revenue and grew 38% year-on-year, while offline grew 26% and contributes 46%.