SENSEX, NIFTY50 continue to rise in afternoon session; PG Electroplast, NSDL, ICICI Bank, among buzzing stocks

The Indian stock market continued to trade positive in the afternoon session on Monday, August 11, led by a rally in PSU banking stocks.

Adani Enterprises was the top contributor, rising 4.5%, followed by Tata Motors (2.99%), State Bank of India (2.13%), Trent (2.07%) and Grasim Industries (1.97%).

Buzzing stocks on August 11: Check list

Shares of Grasim Industries surged over 3% to hit an intraday high of ₹2,782 apiece as the company reported all-round growth for the June quarter of the current fiscal year.

The Aditya Birla Group firm on Friday reported a rise of 32% in consolidated net profit at ₹1,419 crore for the quarter ended June 30, 2025, as compared to ₹1,075 crore in the corresponding quarter of the previous fiscal year.

Its revenue from operations also increased 16% to ₹40,118 crore during the quarter under review compared to ₹34,610 crore in the same period of the last year. The growth was driven by all-round growth across key businesses.

Meanwhile, on a standalone basis, Grasim’s net loss widened to ₹118 crore in Q1 FY26 as against ₹52 crore in the same period in the previous fiscal year. The standalone revenue for Q1 FY26 stood at ₹9,223 crore, up 34% YoY, led by high growth from new businesses.

Last seen, the stock was trading at ₹2,750 per share, jumping 2.17% on the National Stock Exchange. It was one of the top contributors on the NIFTY50 index.

Shares of Tata Motors gain nearly 3% despite the auto firm reporting a decline in all June quarter earnings amid a volume decline in all businesses and a drop in profitability primarily at JLR, the company said.

The country's largest commercial vehicle maker on Friday reported a consolidated net profit of ₹3,924 crore in the first quarter of the current financial year (Q1FY26), marking a decline of 30% from ₹5,643 crore in the same period last year.

Last seen, the stock was trading at ₹648.20 per share on the National Stock Exchange, jumping 2.29%.

“As tariff clarity emerges and festive demand picks up, we are aiming to accelerate performance and rebuild momentum across the portfolio. Against the backdrop of the upcoming demerger in October 2025, our focus remains firmly on delivering a strong second-half performance,” said PB Balaji, Group Chief Financial Officer, Tata Motors.

Shares of TVS Supply Chain Solutions zoomed over 9% to an intraday high of ₹136 apiece as the company recorded multi-fold growth in its consolidated net profit for the quarter ended June 30.

The global supply chain solutions provider had reported a consolidated profit after tax for Q1 FY26 at ₹71.16 crore in contrast to ₹7.47 crore during the corresponding quarter of the last financial year, registering a growth of 914% year-on-year (YoY).

Its revenue from operations during the quarter under review increased a little over 2% to ₹2,592 crore from ₹2,539 crore registered in the year-ago period.

Last seen, the stock was trading at ₹134.30 per share, jumping 8.03% on NSE.

Shares of ICICI Bank slipped as the private sector lender has raised the minimum balance requirement for its new savings bank accounts opened by five times to ₹50,000.

The minimum monthly account balance (MAB) is the minimum balance that a customer is required to maintain in the bank account. If the balance in the bank account falls below the required amount, then banks levy a penalty.

The hike in MAB comes at a time when public sector banks have rationalised their penalties or completely waived them off.

At the time of writing, the stock was trading at ₹1,423.50 apiece on NSE, falling 0.86%. It was the top losing stock on the 50-share index in the afternoon session.

Shares of Yatra Online surged by their daily maximum limit of 20% to hit an upper circuit of ₹115.04 on the NSE after it reported strong earnings in the June quarter. On the BSE, Yatra Online shares were locked in a 20% upper circuit at ₹114.90.

Yatra's net profit in the April-June period surged by four times to ₹16 crore from ₹4 crore in the same period last year on the back of strong performance by hotels and package businesses. The company's revenue more than doubled to ₹210 crore as against ₹101 crore in the year-ago period.

The Gurugram-based company reported strong operational performance as its operating profit, also known as earnings before interest, taxes, depreciation and amortisation (EBITDA), advanced 423% to ₹24 crore as against ₹4.5 crore in the corresponding period last year.

Yatra Online shares were locked in a 20% upper circuit with a total of 1,252,953 pending buy orders on the NSE.

Shares of PG Electroplast came under heavy selling pressure ever since it announced its first-quarter earnings. PG Electroplast shares have plunged as much as 37% in two trading sessions (including today's loss) to hit an intraday low of ₹473.75 on the NSE. On the BSE, PG Electroplast shares fell as much as 35% in the last two trading sessions to hit an intraday low of ₹473.20.

The Noida-based electronic manufacturing services provider sharply cut its revenue and profit growth guidance for the current financial year.

The company sharply lowered its growth guidance for the current financial year. PG Electroplast expects revenue to be in the range of ₹5,700–5,800 crore, implying a growth of 17% to 19%; the company had earlier guided for revenue growth of 30%.

The company has also lowered its profit growth guidance to ₹ 300–310 crore, marking a growth of 3%–7% against its earlier guidance of 39%.

Shares of air-conditioning maker Voltas Ltd declined nearly 9% after the company posted its latest set of numbers for the June quarter of the current fiscal year.

The stock fell as much as 8.65% to an intraday low of ₹1,192 per unit on NSE. Last seen, it was down 5.84% to ₹1,228.7 apiece.

Voltas, a Tata Group company, posted a 57.97% decline in its consolidated profit after tax attributable to owners of the company at ₹140.46 crore in Q1 FY26 due to unseasonal rains and early monsoon. In the year-ago period, it had reported a post-tax profit of ₹334.23 crore.

The company's revenue from operations dropped by 20.22% to ₹3,912.29 crore in the latest April-June quarter as against ₹4,903.91 crore in the same period the previous year.

In its earnings statement, Voltas said that the quarter under review was marked by unseasonal and unpredictable weather conditions. It said the onset of summer was delayed and temperatures were relatively mild. 

The scrip debuted at ₹880 per unit on August 6, reflecting an increase of 10% from the IPO issue price of ₹800 on the BSE. With Monday's gain (considering the intraday high of ₹1,425), NSDL shares have climbed 78.12% from their IPO issue price.

This comes ahead of NSDL's Board meeting on Tuesday, August 12, to consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30.