business π Stocks to watch: Manappuram, L&T, Tata Motors focus
The domestic stock market is set for a flat opening with a positive bias on Wednesday, August 12. Several companies like Tata Motors, HAL, and IRCTC are reporting their June quarter earnings today across the BSE. Oil-linked stocks are in focus due to rising crude oil prices amid Middle East supply concerns. L&T is transferring its data centre business for βΉ1,400 crore, while SBI has M&A deals in the pipeline. Higher aluminium prices are also expected to benefit domestic producers like Hindalco and NALCO.