Tata Motors, Voltas, ICICI Bank, BEML, Manappuram, other stocks to track on August 11

Stocks to Track on August 11: Domestic equity benchmarks Nifty50 and Sensex plunged about one per cent each on Friday amid a broad-based sell-off, as investors weighed the potential impact of tariff changes on economies. The Sensex lost 765.5 points to end at 79,857.8 while the Nifty50 gave up 232.9 points to settle at 24,363.3, with financial and IT shares beng at the forefront of the sell-off. Investors continued to track earnings from India Inc closely for domestic cues. 

As market participants await the onset of a new trading week on Dalal Street, here are a few stocks worth tracking in Monday’s trade. 

Corporate earnings

With the earnings season in its final leg, around 300 companies are scheduled to report their financial results on Monday, including BEML, SJVN, Astral, Titagarh Rail and Krsnaa Diagnostics.  

After Friday’s market hours, a number of corporations reported their quarterly numbers, including Tata group companies Tata Motors and Voltas. 

ICICI Bank

ICICI Bank has raised the average minimum balance requirement for its savings accounts in metro and urban areas to Rs 50,000 from Rs 10,000.

The new minimum balance rules took effect from August 1. 

The revised rules apply to new accounts opened after August 1. 

BEML

BEML shares are set to be in focus as Defence Minister Rajnath Singh has laid the foundation stone for the PSU’s Greenfield rail manufacturing facility in Umariya, Madhya Pradesh.

Defence stocks

The country’s annual defence output has surged to an all-time high.

Its defence production amounted to Rs 1.51 lakh crore in FY25. 

Railway stocks in focus

The Railways has rolled out a round trip package scheme, offering a 20 per cent discount on return journey bookings.

JM Financial 

Bajaj Allianz Life is set to acquire a 2.1 per cent stake iJM Financial Home Loans for Rs 65.5 crore, at Rs 48 per share. 

The deal will bring JM Financial Credit Solutions’ stake in JM Financial Home Loans to 6.88 per cent from 8.98 per cent.

The transaction is set to complete by August 31.

Corporate Action | Dividend stocks

Akzo Nobel, Castrol India and Jio Financial shares are set to trade ex-dividend at the opening bell on Monday. 

Tata Motors

Tata Motors reported a largely better-than-expected results for the April-June period. 

Manappuram Finance 

The NBFC has staged a mixed performance for the June quarter, with a 10 per cent fall in NII and worsening asset quality. 

Its gold loan assets under management (AUM) have risen 12.6 per cent to Rs 28,802 crore. 

Voltas

Voltas has staged a weak financial performance for the June quarter. 

Its net profit fell 58 per cent to Rs 140.6 crore, falling short of analysts’ expectations. 

According to Zee Business, the Tata group company was estimated to register a net profit of Rs 194 crore. 

Siemens 

The company has staged a mixed financial performance. 

Its net profit fell 26.8 per cent to Rs 422.9 crore. 

According to Zee Business research, the company was estimated to log a net profit of Rs 451.3 crore. 

Amber Enterprises

The company is set to conduct its 35th AGM on Monday. 

Time Technoplast

The company’s board is set to meet on Monday to consider its financial results and a proposed bonus issue.