Swaraj Engines shares zoom 15% as Q2 net profit rises 22%, revenue up 26%
Mahindra & Mahindra is in focus in a quarterly results development.
· Business Standard Mkts
Swaraj Engines is primarily in the business of supplying engines to the Swaraj Division of Mahindra & Mahindra (M&M).
The analysis
Mahindra & Mahindra reported movement of 15%, 22% and 26%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.7% on the day at ₹2,840.30, and has returned -13.5% over three months. It sits 25% below its 52-week high, which means a good deal of bad news was already in the price. The auto sector has moved -7.7% over the same period, so Mahindra & Mahindra is running 5.8 points behind its peers.
For Mahindra & Mahindra, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Mahindra & Mahindra (M&M), in Auto.
- Over three months: Mahindra & Mahindra -13.5% against Auto -7.7% (5.8 points behind).
- At least 25% below the 52-week high: Mahindra & Mahindra (25%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Mahindra & MahindraM&M · Auto | ₹2,840.30 | -1.7% | -3.7% | -13.5% | -25.3% | 0.8× | — |
Auto
1M -5.8% · 3M -7.7%
Mahindra & Mahindra
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Adani Ports Q2 Results: Net profit jumps 17% YoY to Rs 3,622 crore; revenue up 24%
Bengaluru matches Tokyo with 11.5% office rent growth in Q3: Knight Frank
LIC Housing Fin Q2 net profit grows 12% YoY
IGL Q2 result: Net profit plunges 93.5% to ₹24 crore on higher gas costs
Turnaround Story: 8 stocks shift from loss to profit in September '26 quarter