M&M Financial and KEI Industries shares fall 6-9% after Q2 results
Shares of M&M Financial Services and KEI Industries dropped despite profit growth, while PC Jeweller gained after strong quarterly results. Source: TradingView.
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what happened
According to TradingView, Mahindra & Mahindra Financial Services shares fell 6% even though the company reported a 54.8% year-on-year rise in standalone profit, to Rs 881.5 crore. Net interest income climbed 13.2%, to Rs 2,391.4 crore.
KEI Industries shares lost 9% despite a 29% year-on-year increase in consolidated profit, to Rs 262.5 crore, and revenue growth of 38.5%, to Rs 3,776.4 crore. Indian Hotels Company added 2% after its consolidated profit rose 19.4%, to Rs 380 crore.
PC Jeweller gained 2% as profit jumped 58%, to Rs 331.1 crore, and revenue rose 27.8%, to Rs 1,054.5 crore. Bharat Electronics fell 2% even though it secured additional orders worth Rs 1,011 crore since October 13. Zydus Lifesciences shares slipped 1% after its group company Zylidac Bio partnered with Prolific Machines.
why it matters
For the Indian market, Q2 earnings remain the main driver of single stocks: higher profit does not guarantee a positive reaction, as investors weigh details and expectations. According to the source, the October 22 session will also depend on brokerage calls, block deals and new order wins.
market impact
Indian stocks: company-specific earnings are moving individual shares more than the broader market
tags
instruments
sources
- Buzzing Stocks: M&M Financial Services, KEI Industries fall 6-9% post Q2 results; PC Jeweller gains as profit surges — TradingView, 22 October 2026 at 04:14 UTC
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