Blue Dart, Adani Green, M&M Fin rise up to 12% on strong Q2 results, positive brokerage outlook

Shares of logistics major Blue Dart Express surged up to 11.7 percent to an intraday high of Rs 6,185 on the NSE on Wednesday after posting a strong September quarter.

The company reported a 29.5 percent year-on-year rise in its second-quarter net profit, supported by rising demand for delivery services due to the festive season. Operating revenues increased 7 percent, while total expenses were up 5.6 percent. According to LSEG data, the stock is rated an average "Buy" with a median price target of Rs 7,200.

Shares of Adani Green Energy also advanced, reaching an intraday high of Rs 1,055.60, a rise of over 5 percent. The company recorded a 28 percent year-on-year increase in consolidated net profit for the September quarter at Rs 644 crore, up from Rs 515 crore in the year-ago period. Revenue from its power-supply business rose to Rs 2,776 crore from Rs 2,308 crore.

In the first half of FY 2026, the company added 2,437 MW of greenfield capacity, representing 74 percent of its full-year FY 2025 capacity addition. Its stock is rated "Buy" on average by seven analysts, with a median price target of Rs 1,265, per LSEG data.