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Nifty 500 Reacts to Q2 Updates: TD Power Soars, Avenue Supermarts Dips
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CNBC TV18•05-10-2026, 10:19
Nifty 500 Reacts to Q2 Updates: TD Power Soars, Avenue Supermarts Dips
- •TD Power Systems surged 7% to an all-time high, with shares up over 150% year-to-date.
- •Bank of India shares rose over 4% after reporting strong Q2 domestic deposit and loan growth.
- •Shipping Corporation of India saw shares climb up to 6% at market open.
- •Avenue Supermarts (DMart) shares fell up to 4% despite an 18.4% year-on-year revenue increase in Q2.
- •Bandhan Bank and Hero MotoCorp shares also declined following their Q2 business updates.
Key Questions Answered
Bank of India shares rose over 4% after its second-quarter business update reported a 23.3% year-on-year increase in domestic deposits to ₹9 lakh crore, domestic loans up 17.7% to ₹7.03 lakh crore, and total global business rising 21.07% to ₹18.92 lakh crore.
TD Power Systems surged up to 7% at market opening and hit an all-time high of ₹854.90 during intraday trade on Monday.
Avenue Supermarts shares fell up to 4% despite reporting standalone revenue growth of 18.4% year-on-year to ₹19,206.18 crore, as rising packaged-goods prices and a high inflation rate of 4.9% kept growth concerns active.
