Buzzing Stocks: Four shares gaining over 10% in response to Q2 results

As many as four companies witnessed sharp gains on Tuesday, November 4, as investors cheered their September-quarter earnings.

Shares of 3M India, Hitachi Energy India, TBO Tek, and Thangamayil Jewellery jumped between 11% and 18% amid strong operational performance and improved profitability.

3M India

3M India shares surged 18% to hit fresh highs after the company reported a robust set of results for the September quarter.

Revenue rose 14% year-on-year to ₹1,266 crore, while EBITDA jumped 33% to ₹268 crore. Margins improved to 21.2% from 18.1% a year earlier, driven by broad-based strength across all four business segments.

The Healthcare, Consumer, Transportation & Electronics, and Safety & Industrial divisions each recorded double-digit growth in the range of 12–15%.

Hitachi Energy India

Shares of Hitachi Energy India gained 14% after reporting a strong profit and EBITDA performance, beating Bloomberg estimates despite revenue coming in slightly below expectations.



The company's profit was aided by higher operating income and lower expenses. Exports contributed 30.4% of total orders, while the order inflow rose 13.6% year-on-year to ₹2,217 crore. The order backlog stood at a healthy ₹29,412.6 crore.

TBO Tek

TBO Tek climbed 11% in Tuesday's trade as the travel technology company delivered steady quarterly growth. Revenue increased 26% year-on-year to ₹567.5 crore, while EBITDA rose 17% to ₹88.2 crore.



Net profit was up 12.5% at ₹68 crore, although margins moderated slightly to 15.5% from 16.7% last year. The company said its recent acquisition of Classic Vacations is expected to boost its US exposure and strengthen average daily rates and business metrics.

Thangamayil Jewellery

Shares of Thangamayil Jewellery extended its winning streak, rising nearly 30% this week after reporting a sharp turnaround in Q2. The stock has gained for four consecutive sessions, rallying as much as 50% from recent lows, with trading volumes surging to over 16 lakh shares compared to a 20-day average of just 6,500.

The jeweller posted a net profit of ₹58.5 crore, reversing a loss of ₹17.4 crore a year ago, as revenue jumped 45% year-on-year to ₹1,711 crore.

The surge was supported by higher gold prices and a favourable base.