Stocks To Watch, Jan 16: Tech Mahindra, RIL, Infosys, Wipro, Sobha, Polycab India, Tata Tech, LTTS, L&T Finance, oil-linked stocks

The decline ended a five-day rally after U.S. President Donald Trump said the crackdown on protesters in Iran was easing, easing concerns over potential military action and oil supply disruptions.

Brent crude futures settled down $2.76, or 4.15%, at $63.76 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $2.83, or 4.56%, to $59.19 a barrel.

On a sequential basis, Infosys's net profit declined 9.6% from ₹7,364 crore in the previous quarter.

The decline in profit stemmed from a one-time adjustment of ₹1,289 crore for the implementation of new labour codes, which were announced by the government in November last year.

"The adjustments for labour codes represent an increase in gratuity liability arising out of past service cost and an increase in leave liability together by $143 million (₹1,289 crore), which is recognised in the Consolidated Statement of Comprehensive Income," Infosys said in an exchange filing.

Its net interest income (NII) for Q3 FY26 increased 19% year-on-year (YoY) to ₹486 crore as against ₹409.2 crore in the corresponding quarter of FY25.

It had logged a net profit of ₹99.2 crore in October-December 2024-25, a company statement said.

Revenue from operations rose to ₹1,152.3 crore in the quarter from ₹528.3 crore logged in the same period a year ago.

As of December 2025, the company's order book stands at 9.3 GW, providing strong revenue visibility. This includes 6.3 GW to be delivered over the next 12-18 months, it stated.

The company’s revenue from operations for the quarter under review came in at ₹2,924 crore, rising 10.2% on both a QoQ and YoY basis.

Revenue in US dollar terms stood at $326.3 million, up 4.6% YoY, while down 3.2% on a quarter-on-quarter basis. In constant currency, revenue was down 2.8% QoQ while growing 4% YoY.

In the corresponding period of the previous fiscal year, it had clocked a profit of ₹294.78 crore, it said in a regulatory filing.

The NBFC’s pre-provisioning operating profit grew by 7% YoY to ₹354 crore, it added.

"The Board of Directors of the Company, in their meeting held on 15th January 2026, has inter alia approved the Joint Venture Agreement for the incorporation of a 50:50 Joint Venture Company (JVC) with GAIL (India) Ltd for undertaking Renewable Energy Projects, subject to the approval of the Ministry of Power, DIPAM and/or other statutory authorities as applicable," a regulatory filing said.

NTPC Green Energy (NGEL) is a subsidiary of state-owned power giant NTPC.

The company has signed definitive agreements to acquire a 51% stake in Brij Hospitality for Rs 193 crore, and through this acquisition, IHCL will gain ownership of the Brij brand and, in collaboration with its founding promoters, aims to develop the boutique leisure segment in the country, as per a statement.

The facility was inaugurated by R K Tyagi, Chairman & Managing Director, in the presence of other senior officials, the company said in a statement.

According to the statement, the newly commissioned transformer employs synthetic ester insulating oil, a next-generation, biodegradable and fire-safe alternative to conventional mineral oil.

With a capacity of 315 MVA, the transformer is designed to handle high load conditions while reducing environmental risk, aligning with global best practices in green transmission technologies.

The company had a net loss of ₹61.37 crore in the corresponding period last year, Nuvoco Vistas Corp said in a regulatory filing.

Its revenue from operations was up 12.11% to ₹2,701.27 crore in the quarter under review. It was at ₹2,409.36 crore in the corresponding quarter a year ago.

Total expenses of Nuvoco Vistas were at ₹2,639.49 crore, up 5.82% in the December quarter of FY'26.

The insurer's net premium income for the quarter rose to ₹18,351 crore from ₹16,832 crore logged in Q3 FY25, driven by growth across the first-year, renewal, and single-premium segments, HDFC Life said in a regulatory filing.

Total income surged to ₹29,157.6 crore during the quarter, from ₹16,979.3 crore a year earlier.

On a standalone basis, HDFC Life's results profit after tax rose 1% year-on-year to ₹421 crore, and net premium income grew 9% to ₹18,242 crore.

The company had posted a PAT of ₹281.5 crore in the corresponding year-ago quarter.

However, the broking firm registered a 5.8% increase in total income to ₹1,338 crore from ₹1,264 crore in Q3 FY25, driven by an improvement in interest income and fees and commission income, according to a regulatory filing.