2 weeks ago
Stocks making biggest moves midday: Tata Motors, Jio Financial, IRCTC
On Thursday, some companies told everyone how much money they made in the first three months of the year.
These reports are called earnings.
When a company earns more money than before, people usually want to buy its shares, and the price goes up.
Tata Motors made much more profit than last year, so its share price rose.
Vadilal, a company that makes ice cream and dairy foods, made almost twice as much profit, and its shares jumped a lot.
Lenskart, which sells glasses, also earned a lot more money and got added to a special list called the MSCI index.
A big bank called Bank of America wants to buy part of Jio Credit, a lending company, and that made Jio Financial shares go up too.
IRCTC, the company that runs railway ticket booking and catering, did not do as well, so its shares fell.
Overall, the main Indian stock markets were only a little bit weaker during the day.
Indian benchmark indices were mildly weak by midday on Thursday, August 13, with the Nifty near 24,398 and the Sensex near 77,967.
Tata Motors gained sharply after reporting an 83% rise in Q1 FY27 consolidated net profit to Rs 2,556 crore.
Jio Financial Services advanced 2.87% after Bank of America announced plans to acquire a 49.9% stake in Jio Credit for $1.9 billion.
IRCTC declined 2.64% after mixed Q1 FY27 results, with profit broadly flat year-on-year despite strong revenue growth.
Vadilal Industries surged 9.2% after net profit jumped 96% to Rs 131 crore, while Lenskart gained 7% on a near four-fold profit rise and its MSCI index addition.
- Who
- Indian listed companies including Tata Motors, Jio Financial Services, IRCTC, Lenskart Solutions, Vadilal Industries and Vedanta group companies, along with their investors.
- What
- Stock-specific moves dominated a mildly weak trading session, driven by Q1 FY27 earnings, Bank of America's proposed stake acquisition in Jio Credit, and Lenskart's MSCI index addition.
- Where
- Indian stock markets, with the Nifty around 24,398 and the Sensex near 77,967.
- When
- Midday trading on Thursday, August 13.
- Why
- Quarterly earnings results, a proposed $1.9 billion stake acquisition, and an index inclusion drove individual stock price moves.
Key facts
- Nifty level
- Around 24,398 at midday
- Sensex level
- Near 77,967 at midday
- Tata Motors Q1 FY27 net profit
- Rs 2,556 crore, up 83% from Rs 1,397 crore
- Bank of America-Jio Credit deal
- 49.9% stake for $1.9 billion (about Rs 18,268 crore)
- IRCTC share move
- Down 2.64%; down about 26% year-to-date
- Lenskart share move
- Up 7%; added to MSCI index
- Vadilal Industries Q1 FY27
- Net profit up 96% to Rs 131 crore; interim dividend of Rs 17 per share










