Stocks To Watch On 17 August: Reliance Industries, Voltas, Eicher Motors, NMDC And More

Indian equities ended lower on Friday, 14 August, as rising crude oil prices and renewed Middle East tensions weighed on investor sentiment. The Nifty 50 fell 0.8% to 24,366, while the BSE Sensex declined 0.6% to 78,009.25, ending the week lower and snapping a two-week winning run.

Stocks In Focus

Reliance Industries

Reliance Industries and UK-based aerospace company Rolls-Royce have announced plans to work together on developing an indigenous combat aircraft engine for India's Advanced Medium Combat Aircraft (AMCA) programme. The proposed partnership marks a potential entry into the defence aerospace propulsion space and supports India's push for greater domestic capability in military aviation.

Voltas

Voltas reported a 52.2% year-on-year rise in consolidated net profit for the June quarter, reaching ₹214 crore compared with ₹140 crore in the same period last year. Revenue from operations increased 18.7% year-on-year to ₹4,673.5 crore, up from ₹3,938.6 crore.

Eicher Motors

Royal Enfield, Eicher Motors' motorcycle brand, has introduced an updated version of the Continental GT 650 in India. The refreshed café racer comes with styling and convenience-related changes and is offered in four colour options. Prices for the updated motorcycle start at ₹3,58,427 (ex-showroom).

NMDC

State-owned iron ore producer NMDC recorded a 2% year-on-year increase in standalone net profit to ₹2,007 crore for the quarter ended June 2026. Profit stood at ₹1,969 crore in the year-ago period.

Patanjali Foods

Patanjali Foods posted an 86% year-on-year increase in consolidated profit to ₹335.7 crore, compared with ₹180.4 crore in the corresponding quarter last year. Revenue from operations climbed 29% to ₹11,337.5 crore, while earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 69% to ₹543.3 crore.

Kitex Garments

Kitex Garments has received board approval to raise up to ₹3,000 crore through a qualified institutional placement (QIP). The fundraising proposal was approved on Friday, 14 August.

Turtlemint Fintech Solutions

Turtlemint Fintech Solutions reported a consolidated net loss of ₹38 crore for the quarter ended 30 June 2026, narrowing from ₹47 crore in the corresponding quarter last year. Revenue from operations rose 40% year on year to ₹294 crore during the first quarter of FY27, compared with ₹210 crore in Q1 FY26.

Cochin Shipyard

Cochin Shipyard reported a 27.7% year-on-year decline in consolidated net profit to ₹135.8 crore for the June quarter, compared with ₹187.9 crore a year earlier. Revenue from operations fell 6.9% to ₹910 crore from ₹977 crore in the corresponding period.

Schneider Electric Infrastructure

Schneider Electric Infrastructure reported a 69.84% year-on-year decline in profit after tax (PAT) attributable to owners of the company. It fell to ₹12.44 crore in the June quarter from ₹41.24 crore a year earlier. Despite the decline in profitability, revenue from operations increased 4.78% year on year to ₹651.36 crore, compared with ₹621.63 crore in the same quarter last year.

IndusInd Bank

The Reserve Bank of India has levied a monetary penalty of ₹59.20 lakh on IndusInd Bank. The penalty relates to non-compliance with certain provisions of the central bank's directions concerning interest rates on deposits and the securitisation of standard assets.

Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services reported a 33% year-on-year decline in net profit to ₹17.5 crore for the quarter ended 30 June 2026. Profit stood at ₹26.1 crore in the year-ago period. Revenue from operations, however, increased 27.5% year on year to ₹423.3 crore from ₹332 crore in Q1 FY26.

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