Stocks making the biggest moves midday: M&M, Lenskart, Tejas Networks, Natco Pharma and more

Market Update:

The Indian market moved into the midday session with a cautious tone, despite the headline indices hitting all-time highs in opening trade. The Nifty has been struggling below 26,200, while the Sensex slipped below 86,000 levels.

Top Movers and Shakers:

• Auto Stocks: Mahindra & Mahindra Share Price Hits 52-Week High
• Mahindra & Mahindra's share price hit a 52-week high after the company released its November sales data, which showed a 19% increase in vehicle sales.
• The company's commentary around its Electric Origin SUVs and the rollout of the XEV 9S also supported sentiment.
• Wockhardt: Shares Surge 18% on US FDA Acceptance of New Drug Application
• The shares of Wockhardt sharply surged more than 18% after the company announced that the US FDA has formally accepted the New Drug Application (NDA) for its antibiotic Zaynich.
• Shares rose to Rs 1,384 apiece on Monday, snapping a two-session losing streak.
• Lenskart: Share Price Jumps 7% on Positive Q2 FY26 Profit and Revenue Growth
• Lenskart's share price jumped over 7% at the day's high after the company posted a 19.59% rise in Q2 FY26 profit and a 20.76% increase in revenue from operations.
• The stock was still up around 3% by midday, supported by Jefferies' positive views on the stock and indicating an upside of 18%.
• Tejas Networks: Share Price Climbs 5.8% on Receipt of PLI Scheme Funds
• Tejas Networks' share price climbed 5.8% in early hours as the company confirmed receiving Rs 84.95 crore under the PLI scheme for telecom and networking products.
• The gain moderated later, but the stock still held an advance of 2.79%, enough to keep it among the better performers of the session.
• Natco Pharma: Share Price Rises 5% on ICRA Credit Rating Reaffirmation
• Natco Pharma's share price rose 5% after ICRA reaffirmed and assigned new credit ratings for the company.
• The market viewed this as a stabilising factor after a volatile year.
• PSU Banks: Nifty PSU Bank Index Gains 1% on Stronger Earnings and Clean-up Cycle
• PSU banks were once again the most confident pocket of the market, refusing to step back even as the benchmarks hovered in the red.
• Shares of SBI, Bank of Baroda, Indian Bank, Canara Bank, and Punjab National Bank rose up to 3% as well.
• Sterling and Wilson Renewable Energy: Share Price Rises 5.55% on Partnership with Adani Green
• Sterling and Wilson Renewable Energy's share price rose 5.55% after the company announced a five-year partnership with Adani Green and confirmed receipt of a Rs 1,381 crore BOS order for solar projects at Khavda.
• The stock held a gain of 3.20% through midday, as investors digested the scale of the order inflow accumulated this fiscal year.
• GTPL Hathway: Share Price Gains 6.3% on Launch of GTPL Infinity
• GTPL Hathway's share price gained 6.3% at the day's high, though the move cooled to just over 1.5% by midday.
• The trigger came from the company's launch of "GTPL Infinity," which is expected to strengthen its competitive positioning in regional broadband and cable markets.
• Tobacco Stocks: Shares Fall on Reports of Excise Duty and Cess on Tobacco Products
• Tobacco stocks were deep in the red after reports surfaced that the government would introduce two bills aimed at levying excise duty on tobacco products and a fresh cess on pan masala.
• Shares of ITC, VST Industries, and Godfrey Phillips India fell up to 1.5%, showing a cautious market bracing for more taxation-related overhang in the sector.