Stocks to watch, August 13: Tata Motors, Tata Motors PV, Amber Enterprises, Solar Industries, Jio Financial, IGL

The domestic stock market is expected to open lower on Thursday, August 13. The GIFT NIFTY futures suggest that the NIFTY50 index will open 51 points lower.

Bank of America (BofA) and Jio Financial Services (JFSL) have entered into a joint venture agreement under which BofA will pick up shares through a preferential issue and warrants, according to an exchange filing.

In the corresponding period of the preceding fiscal year, the company had logged a profit of ₹60 crore, according to a regulatory filing.

The company had posted a consolidated net profit of ₹1,397 crore in the corresponding quarter in the previous fiscal year, Tata Motors Ltd said in a regulatory filing.

Consolidated total revenue from operations in the first quarter stood at ₹20,667 crore as against ₹17,324 crore in the year-ago period, it added. Vehicle wholesales in the quarter stood at 1,08,700 units, a growth of 26 per cent over the year-ago period, it said.

TPG, through affiliate Hyperion Investments Pte Ltd, and Singapore's Temasek, through Claymore Investments (Mauritius) Pte Ltd, offloaded over 4 crore equity shares, representing a 12.64% stake in the Chennai-based eye care chain, according to the bulk deal data on the NSE.

The shares were offloaded in the price range of ₹501.03-₹501.54 apiece, taking the combined deal size to ₹2,007.94 crore.

CP Plus had posted profit after tax of around ₹33 crore in the same period a year ago.

The revenue from operations of the company grew by about 90% to ₹1,402.4 crore during the reported quarter from ₹740 crore a year ago.

The company said that its current production capacity stood at 25 lakh units per month, which will be doubled in the next two years with scaling up of its greenfield Kadapa manufacturing facility.

The telco withdrew five prepaid plans – ₹299, ₹319, ₹579, ₹619 and ₹649 – leaving subscribers of the popular Rs 299 plan with pricier options to choose from.

Experts say that the latest move by Airtel signals what may be an inevitable industry shift towards higher tariffs as telcos sharpen their focus on improving average revenue per user (ARPU).

The reshuffled prepaid offering deck leaves the entry-level ₹199 and ₹219 plans unchanged, but it means that subscribers of the popular ₹299 plan looking for a higher data usage quota per day will now have to opt for the ₹349 pack, translating into a price rise of about 16% for them.

Its revenue from operations was up 24.65% to ₹2,500.96 crore during the June quarter compared to ₹2,006.32 crore in the corresponding period of the previous fiscal year, according to a regulatory filing from Arvind Ltd.

"The quarter witnessed healthy volume momentum across all core textile businesses, supported by robust demand conditions, higher vertical integration and continued investment in product innovation," said Arvind in its earnings statement.

Its revenue from the textiles segment was ₹1,862.36 crore, up 21.25% in the June quarter.

In contrast, the company had earned a profit of ₹8 crore in the corresponding period of the last financial year.

Its total income increased to ₹2,358 crore during the quarter under review against ₹1,876 crore a year ago, Religare Enterprises said in a regulatory filing.

However, total expenses stood at ₹2,435 crore at the end of the first quarter.

During the quarter, Care Health Insurance raised ₹150 crore through a rights issue in June 2026, it said, adding that parent entity REL's subscription stood at ₹119.68 crore.