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Bajel Projects and Meesho Gain on Strong Orders, Avenue Supermarts Slips After Earnings
M
Moneycontrol•12-10-2026, 10:38
Bajel Projects and Meesho Gain on Strong Orders, Avenue Supermarts Slips After Earnings
- •Bajel Projects shares rose 2 percent after securing an EPC order worth over Rs 200 crore from Tata Power for GIS substations in Mumbai.
- •Meesho share price climbed 4.5 percent following a massive 75 percent year-on-year increase in Day 1 orders during its Mega Blockbuster Sale 2026.
- •Avenue Supermarts dropped over 2 percent despite reporting an 8.5 percent consolidated Q2 profit rise to Rs 743.6 crore.
- •IRB Infrastructure and Hitachi Energy gained 2 percent each following positive brokerage calls from CLSA and Macquarie.
- •Broader market indices underperformed the main indices, with the Nifty Midcap and Smallcap indices falling between 0.7 and 1 percent.
Key Questions Answered
Bajel Projects shares rose 2 percent after the company secured an EPC order worth over Rs 200 crore from Tata Power to install 220 kV GIS substations at Salsette and Powai in Mumbai.
Avenue Supermarts reported a 7.6% year-on-year rise in standalone Q2 profit to Rs 803.6 crore with an 18.4% revenue jump, while consolidated profit grew 8.5% to Rs 743.6 crore with revenue up 17.8%.
Meesho share price rose after its Mega Blockbuster Sale 2026 recorded a 75% year-on-year increase in Day 1 orders, with peak demand exceeding 75,000 orders per minute.
