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Nifty 500 Stocks Move: Karur Vysya Hits Record High While CCL Products Slips on Q2 Earnings
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CNBC TV18•16-10-2026, 10:00
Nifty 500 Stocks Move: Karur Vysya Hits Record High While CCL Products Slips on Q2 Earnings
- •Karur Vysya Bank shares hit a record high of ₹364.70 after reporting a 37.2% year-on-year increase in net profit to ₹788 crore.
- •Tech Mahindra shares rose up to 5% following a 6.7% quarter-on-quarter increase in net profit and a recommended 1:1 bonus share issue.
- •CCL Products shares fell over 7% despite posting a 29% increase in year-on-year net profit for the second quarter.
- •Persistent Systems dropped 5% as its net profit decreased by 27.2% from the previous quarter despite revenue growth.
- •L&T Finance slipped up to 5% at market open even though its second-quarter net profit grew 32.7% year-on-year to ₹975 crore.
Key Questions Answered
Karur Vysya Bank shares rose over 5% to reach an all-time high of ₹364.70 after reporting strong second-quarter results showing a 37.2% year-on-year increase in net profit to ₹788 crore and an improved asset quality.
Tech Mahindra shares rose up to 5% after reporting a 6.7% sequential increase in net profit to ₹1,586 crore and a 3% rise in revenue to ₹16,180.2 crore. The company also declared a dividend of ₹15 a share and recommended a 1:1 bonus share issue.
CCL Products shares slipped over 7% at market open because of its second-quarter results announced after market hours, even though net profit grew 29% year-on-year to ₹130 crore and revenue rose 7.5% to ₹1,211 crore.
