TD Power Shares Jump 5% as Sensex and Nifty Rally Ahead of Q2 Results on 12 November: The 350% Three-Year Run, the Recent Slide and What the Q1 Base Says

TD Power shares jumped about 5% on Wednesday 11 November 2026 as the Sensex and the Nifty rallied, a day before the board meets to consider Q2 results on 12 November. The generator maker has risen more than 300% in three years, yet the stock is still about a third below its 52-week high after a steep fall earlier this month. This note sets out the price path, the Q1 base, the guidance and the questions to check before the numbers, with conflicts between sources flagged.

Prices are time-stamped to market pages of 6, 9 and 11 November 2026 and may differ from the live quote. Figures are adjusted for the stock split announced in May 2026, when the face value moved to Re 1.

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TD Power Shares: The Price Path in November

Date	Price point	Note
TD Power shares: 6 November 2026	Rs 576.50, down 13.85%	Previous close Rs 669; opened at Rs 620; from one market page
TD Power shares: 9 November 2026 close	Rs 571.65, down 6.26%	Previous close about Rs 609.85 (my arithmetic: Rs 571.65 plus Rs 38.20)
TD Power shares: 11 November, early trade	Rs 598.10, up 4.63%	Day high Rs 599.60 on the NSE, per a Univest page
TD Power shares: 52-week range	Rs 301 to Rs 856	As of 9 November
TD Power shares: distance below the high	About 33%	Rs 571.65 against Rs 856 (my arithmetic)
TD Power shares: market capitalisation	About Rs 18,376 crore	As of 9 November

The 6 November page shows a close of Rs 576.50, but the 9 November data implies a prior close near Rs 609.85, so the two do not match and I flag the 6 November figure as unreliable. The sources I read give no reason for the fall. The same days saw a technology and chip selloff on worries about AI spending, which matters for a stock linked to data-centre demand, but that is context and not a confirmed cause. See the TD Power Systems page for the live quote.

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TD Power 350% in Three Years: How Big Is the Run?

Measure	Reading	Note
TD Power shares: three-year return	About 323% to 350%	Yahoo Finance shows 323.44%; the Mint headline says 350%; the date of the base differs
TD Power shares: one-year return	About 46% to 178%	A page on 10 November shows about 46%; an older page showed 178% when the stock was far higher
TD Power shares: five-year return	Above 1,500%	Per Yahoo Finance, earlier in the year
TD Power shares: stock P/E	About 66.8	As of 9 November
TD Power shares: price to book	About 16.7	As of 9 November
TD Power shares: ROCE and ROE	34.0% and 24.7%	As reported on a data page

Returns over three years depend on the start date, so 323% and 350% are both consistent with the same stock on different days. The one-year figures move even more with the date because the stock was near Rs 856 earlier in the year. A P/E near 67 and a price to book near 17 mean the market is paying for growth, which leaves less room for a miss.

Q1 FY27 Base, Guidance and Capacity

Item	Detail	Note
Q2 results: Q1 FY27 net profit	About Rs 85.3 crore to Rs 86.3 crore	Up about 81%; one report prints Rs 853 crore, which is Rs 853 million, a unit error
Q2 results: Q1 FY27 revenue	About Rs 630 crore to Rs 643 crore	Up about 74%; sources differ slightly
Q2 results: FY27 revenue guidance	Rs 2,600 crore	Raised; management said it could be exceeded
Q2 results: capacity plan	About Rs 3,200 crore for FY28	After about Rs 50 crore of debottlenecking; beyond Rs 4,000 crore by FY29 to FY30
Q2 results: demand driver	Export-led gas engines and turbines for AI data centres	Management commentary
Q2 results: QIP	Rs 600 crore at Rs 775 per share	77.5 lakh shares; the date is not confirmed in the sources I read

The QIP price of Rs 775 is about 23% above the early Rs 598 quote (my arithmetic), so recent buyers in that placement are under water at today's price, which is relevant for sentiment but not for the business. Management's guidance of Rs 2,600 crore is a target and not a result. Trailing revenue is about Rs 2,124 crore and trailing profit about Rs 275 crore, per a data page.

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TD Power Q2 Results on 12 November: What to Watch

Question	Why it matters	Reference point
Q2 results: revenue against the Q2 FY26 base	Shows whether growth is holding near the 74% of Q1	Q2 FY26 revenue Rs 452.46 crore
Q2 results: profit against the base	Tests margin and operating leverage	Q2 FY26 PAT Rs 60.19 crore
Q2 results: EBITDA margin	Sets quality of growth	Q2 FY26 margin 18.8%
Q2 results: order book and guidance	Shows demand visibility	FY27 revenue guidance Rs 2,600 crore
TD Power shares: interim dividend	Board is expected to consider it	Last year Re 1 on a Rs 2 face value

For scale only: if Q2 profit matched Q1 at about Rs 86 crore, it would be about 43% above the Rs 60.19 crore base (my arithmetic). That is arithmetic and not a forecast. The board meets on 12 November and the earnings call is on 13 November, though one site lists the results for 11 November, so confirm the date on the exchange.

Checklist and Risks

Investor situation	Questions to consider
Q2 results: existing holder	Does a 5% bounce change my view, or only the recent fall?
Q2 results: new investor	Have I read the Q1 filing and not only the 350% headline?
Short-term trader	Can I handle a 10% to 15% move on results day, given the recent swings?
Long-term investor	Do a high P/E and dependence on AI data-centre demand fit my risk tolerance?

The main risks are a results miss against high expectations, an AI spending slowdown, a high valuation, customer and export concentration, capacity execution and sharp price swings. The stock fell 13.85% in a session on 6 November, per one page, which shows how fast sentiment can change.

Conclusion

TD Power shares jumped about 5% to near Rs 598 ahead of Q2 results on 12 November, after a sharp slide from the Rs 856 high. The Q1 base is strong, with profit up 81% and guidance of Rs 2,600 crore, but valuation is high. Read the filing and consult a SEBI-registered adviser before acting.

Frequently Asked Questions on TD Power Shares and Q2 Results

Why did TD Power shares jump 5% today?

Ans. The stock rose about 4.6% to 5% to near Rs 598 on 11 November as the Sensex and Nifty rallied and ahead of Q2 results due on 12 November. The sources give no stock-specific trigger.

When are the TD Power Q2 results?

Ans. The board meets on 12 November 2026 to consider Q2 results and an interim dividend, with an earnings call on 13 November. One site lists 11 November, so confirm on the exchange.

Is TD Power really up 350% in three years?

Ans. Mint says 350%, and Yahoo Finance shows about 323%. Both fit the same stock on different dates because the starting day differs.

Why did TD Power shares fall earlier this month?

Ans. One page shows a 13.85% fall on 6 November and the stock closed down 6.26% on 9 November at Rs 571.65. The sources give no reason, though a tech and chip selloff was under way.

What was TD Power's Q1 FY27 result?

Ans. Net profit rose about 81% to roughly Rs 85.3 crore to Rs 86.3 crore and revenue rose about 74% to roughly Rs 630 crore to Rs 643 crore. Sources differ slightly.

What is TD Power's FY27 revenue guidance?

Ans. Management raised it to Rs 2,600 crore and said it could be exceeded. A guidance figure is a target and not a result.

What is the TD Power 52-week range?

Ans. Rs 301 to Rs 856 as of 9 November 2026. The stock was about 33% below the high at Rs 571.65.

Should I buy TD Power shares before the Q2 results?

Ans. Univest does not recommend any security. A high P/E and results-day swings add risk, so read the filing and consult a SEBI-registered adviser.