Market Dips Pre-Budget: Nestle, Dixon Tech Among Gainers; South Indian Bank, Swiggy Lead Losers

• Dixon Tech shares surged 4.91% intraday after positive brokerage sentiment and strong December quarter results, with JP Morgan and Nomura reiterating 'Buy' ratings.
• Cochin Shipyard gained 3.42% intraday on securing a 'notable order' from Polestar Maritime to build two green tugs, valued between ₹100-₹250 crore.
• Strides Pharma jumped 12.24% intraday, maintaining its US business outlook and reporting a 150 basis point increase in operating margin for December 2025 quarter.
• Nestle India's net profit rose 46% to ₹1,018.1 crore, and a ₹7 per share dividend led to a 4.05% intraday surge, hitting a one-year high.
• South Indian Bank shares plummeted 18.66% intraday as MD and CEO P.R. Seshadri declined a term extension, while Swiggy's losses increased to ₹1065 crore, causing a 7.71% drop.

Why It Matters: Despite a pre-budget market dip, specific stocks like Nestle and Dixon Tech saw gains, while others like South Indian Bank and Swiggy faced significant losses due to company-specific news.