Abhishek Sinha
Shares of several retail-favourite stocks — Suzlon Energy, Netweb Technologies, CarTrade Tech, IDBI Bank, Chennai Petroleum Corporation, and TTK Prestige — witnessed strong buying on Tuesday, soaring up to 15% during the day’s trade. The rally, however, was driven by stock-specific factors across sectors.
TTK Prestige jumps 14.5% on strong Q2 earnings
Kitchen appliances major TTK Prestige surged 14.5% to ₹737.60, taking its market cap close to ₹10,000 crore.
For Q2FY26, the company reported:
- Net profit: ₹94.22 crore, up 22.25% YoY
- Revenue: ₹786.64 crore, up 11% YoY
- EBITDA margin: Improved to 11.56%
CarTrade Tech hits 52-week high; net profit doubles
Shares of CarTrade Tech zoomed 13% to ₹3,008.95, hitting a fresh 52-week high with a market cap of over ₹14,000 crore.
The company’s Q2 performance was stellar, with net profit more than doubling to ₹60 crore and revenue rising 25% YoY to ₹193 crore.
Operating margins expanded sharply to 32.88%, reflecting strong operating leverage and cost control.
Netweb Technologies extends defence rally
Defence stock Netweb Technologies gained 7% to ₹4,170, supported by renewed buying interest in defence counters.
The stock has now soared 225% in just six months, rebounding from its 52-week low of ₹1,278.85 amid robust sector momentum and strong order inflows.
IDBI Bank rises on privatisation buzz
IDBI Bank rallied 7.6% to ₹103.18, with its market cap crossing ₹1.12 lakh crore.
The move comes amid reports that the government may soon invite financial bids for its stake sale.
The stock has already delivered 55% YTD gains, supported by strong earnings and improving asset quality.
Chennai Petroleum rallies 7.5% on strong GRMs
Chennai Petroleum Corporation Ltd (CPCL) surged 7.5% to ₹827.15, with its market value hitting ₹12,500 crore.
Brokerage YES Securities attributed the uptrend to stronger-than-expected Q2 results, higher Gross Refining Margins (GRMs), and inventory gains.
The firm maintained a ‘Buy’ rating with a target price of ₹1,100, citing sustained benefit from discounted Russian crude imports.
Suzlon Energy rebounds after a month-long slide
Wind energy major Suzlon Energy recovered nearly 5% intraday, bouncing from its day’s low of ₹53.56 to ₹56.07.
Despite a 28% correction from its 52-week high of ₹74.30, analysts expect a short-term rebound.
Mileen Vasudeo, Senior Technical Analyst at Arihant Capital Markets, noted:
“Suzlon is underperforming benchmark indices, but momentum indicators show signs of reversal. Traders can hold long positions with a stop-loss at ₹50 and expect a potential move to ₹57–59 in the near term.”
Market Outlook
Today’s rally reflects a mix of earnings-led momentum, privatisation hopes, and sector-specific optimism in defence, energy, and consumer durables. Analysts expect stock-specific action to continue as Q2 earnings season progresses.
Disclaimer:
This article is for informational purposes only. The views and recommendations expressed are those of individual analysts or brokerage firms. Investors should consult certified financial advisors before making investment decisions.
