Synopsis : Indian benchmark indices remained mildly weak by midday on Thursday, August 13, with the Nifty hovering around 24,398 while the Sensex traded near 77,967. Despite the broader weakness, stock-specific action remained strong, with quarterly earnings, corporate developments and index-related buying driving sharp moves across several counters.
Tata Motors, Lenskart Solutions and Vadilal Industries gained after strong Q1 FY27 numbers, while IRCTC slipped following a mixed earnings performance. Jio Financial Services also attracted buying interest after Bank of America announced plans to acquire a stake in Jio Credit.
Here are the top movers and shakers at midday.
Tata Motors
Tata Motors shares gained sharply after the commercial vehicle maker reported a strong Q1 FY27 performance.
Consolidated net profit jumped 83% year-on-year to Rs 2,556 crore, compared with Rs 1,397 crore in the same quarter last year.
Consolidated revenue from operations increased to Rs 20,667 crore, compared with Rs 17,324 crore a year earlier.
Vehicle wholesales also increased 26% to 1,08,700 units.
The increase in profit was additionally supported by a mark-to-market gain on investments in Tata Capital.
The strong quarterly performance helped keep Tata Motors among the key gainers during midday trade.
Jio Financial Services
Jio Financial Services shares gained 2.87% after Bank of America announced plans to acquire a 49.9% stake in Jio Credit for $1.9 billion, equivalent to approximately Rs 18,268 crore.
Jio Credit is the lending arm of Mukesh Ambani-promoted Jio Financial Services.
The proposed transaction has attracted investor attention as it represents a significant development for Jio Financial's lending business and could provide additional momentum to its financial services expansion.
The announcement triggered fresh buying interest in the stock during Thursday's session.
IRCTC
IRCTC shares declined 2.64% by midday after the railway catering and tourism company reported mixed Q1 FY27 results.
While revenue growth remained strong, profit was broadly flat year-on-year.
The muted earnings response added to the stock's recent weakness.
IRCTC shares had already fallen more than 2% over the previous week and were down around 26% year-to-date.
The latest quarterly numbers failed to provide investors with enough support despite the improvement in revenue.
Lenskart Solutions
Lenskart Solutions shares gained around 7% after the eyewear company reported a nearly four-fold increase in net profit for Q1 FY27.
The strong performance was supported by higher revenue growth and improving margins across its domestic and international operations.
The stock also received an additional boost after its inclusion in the MSCI index, potentially creating another source of institutional buying interest.
Although the stock pared some of its early gains, it remained firmly higher by midday.
Vadilal Industries
Vadilal Industries shares surged 9.2% after the dairy products company reported a strong June-quarter performance.
Consolidated net profit jumped 96% year-on-year to Rs 131 crore, while revenue from operations increased 34% to Rs 680 crore.
EBITDA rose 52% to Rs 165 crore, while the operating profit margin expanded to 24.32%, compared with 21.5% a year earlier.
The company also declared an interim dividend of Rs 17 per share, with August 21 fixed as the record date.
The combination of strong earnings growth, margin expansion and the dividend announcement supported the sharp rally in the stock.
Vedanta Group stocks
Trading remained mixed across Vedanta Group companies.
Vedanta Aluminium Metal declined 0.86%, while Vedanta Ltd slipped 0.62%.
Other group stocks also moved in different directions. Vedanta Power traded lower, while Vedanta Oil and Gas gained 0.34%. Vedanta Iron and Steel rose more than 2%, while Hindustan Zinc advanced around 1.2%.
The group continues to pursue an aggressive expansion strategy spanning zinc, lead, silver, copper, oil and gas and other businesses.
The demerged businesses also began trading separately on the NSE and BSE in June 2026, making individual stock performance increasingly important for investors tracking the group.
What is driving the market today?
The midday session highlights how company-specific factors are currently outweighing broader market weakness.
Strong Q1 earnings helped Tata Motors, Lenskart Solutions and Vadilal Industries, while corporate developments supported Jio Financial Services.
On the other hand, IRCTC came under pressure as strong revenue growth failed to translate into meaningful profit growth.
With the Q1 FY27 earnings season continuing to shape investor sentiment, quarterly performance, earnings quality, corporate announcements and future growth plans are likely to remain key drivers of individual stock movements.
Disclaimer: This article is intended for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Investors should conduct independent research and consult a SEBI-registered financial adviser before making investment decisions.
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