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  1. Stocks To Watch, January 22: Senco Gold, Eternal, Jindal Stainless, IndiGo, DLF, Coforge, KEI Industries, Anant Raj, HPCL, PNB Housing, Waaree Energies

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Stocks To Watch, January 22: Senco Gold, Eternal, Jindal Stainless, IndiGo, DLF, Coforge, KEI Industries, Anant Raj, HPCL, PNB Housing, Waaree Energies

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11 min read | Updated on January 22, 2026, 08:28 IST

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SUMMARY

Stocks to Watch: Eternal, the parent entity of Zomato and Blinkit, on Wednesday, reported a 72.88% rise in consolidated net profit at ₹102 crore for the December quarter of FY26, driven by robust revenue growth from its quick commerce operations.

Stocks in focus, January 22

The GIFT NIFTY futures suggest that the NIFTY50 index will open 165 points higher. | Image: Shutterstock

Stocks to Watch: The domestic equity market is expected to open with a gap-up start on Thursday, January 22. The GIFT NIFTY futures suggest that the NIFTY50 index will open 165 points higher.
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Here is a list of stocks that may remain in focus today.
Q3 Earnings Today: Over 50 companies are scheduled to release their Q3 numbers on Thursday, January 22. The list includes names such as Interglobe Aviation (IndiGo), COFORGE, Cyient, Mphasis, DLF, Indian Bank, Adani Total Gas, Adani Green Energy, Premier Energies, Radico Khaitan, Zensar Technologies, Zee Entertainment Enterprises, and V-Mart Retail, among others.
Dr Reddy's Laboratories: Dr Reddy's Laboratories on Wednesday said its consolidated profit after tax declined 14% year-on-year to ₹1,210 crore in the third quarter ended December 2025, hit by lower sales in the US market.

The Hyderabad-based drug major posted a profit after tax (PAT) of ₹1,413 crore in the October-December quarter of the last fiscal.

Revenue increased to ₹8,727 crore during the period under review as compared to ₹8,357 crore seen in the third quarter of the last fiscal year, the drugmaker said in a statement.

"Our growth in Q3FY26 was supported by continued momentum in our branded businesses, aided by favourable forex, thus offsetting the impact of lower lenalidomide sales," Dr Reddy's Laboratories Co-Chairman & MD G V Prasad stated.

Eternal: Eternal, the parent entity of Zomato and Blinkit, on Wednesday, reported a 72.88% rise in consolidated net profit at ₹102 crore for the December quarter of FY26, driven by robust revenue growth from its quick commerce operations.

In the year-ago period, the company logged a profit of ₹59 crore.

The company's board also approved the resignation of Deepinder Goyal as Director, MD & CEO of the company, with effect from February 1 and recommended his appointment as Vice Chairman & Director on the board for a five-year term.

Besides, the board approved the appointment of Albinder Singh Dhindsa, currently Blinkit's CEO, as Eternal's Chief Executive Officer from February 1, a regulatory filing said.

Waaree Energies: The company's revenue from operations stood at ₹7,565.05 crore for Q3 FY26, a growth of 118.81% YoY. Its EBITDA for the quarter came in at ₹1,928.15 crore, up 167.16% YoY. PAT for the quarter grew by 118.35% YoY.

The company boasts a record order book valued at nearly ₹60,000 crore.

Jindal Stainless Steel: Jindal Stainless on Wednesday posted 26% year-on-year growth in consolidated net profit to ₹828 crore in the December quarter of FY26, driven by increased sales.

In a statement, the company said it was able to maintain a steady momentum in the domestic market, underpinned by consistent demand from key sectors such as automotive, ornamental pipes and tubes, railways & metro, and white goods.

Growing focus on infrastructure expansion, efficient vertical transportation, and strengthened transit networks contributed to the growth, Jindal Stainless Ltd (JSL) said.

Consolidated net revenue was at ₹10,518 crore, up 6.2% year-on-year. EBITDA rose 16.6% to ₹1,408 crore in the third quarter of FY26.

Bank of India: State-owned Bank of India on Wednesday reported a 7% rise in December quarter net profit at ₹2,705 crore, helped by a rise in non-core income.

The bank's core net interest income rose 6% year-on-year to ₹6,461 crore in the reporting quarter on the back of a 14% growth in advances and the net interest margin compressing to 2.57% from 2.80%.

Its managing director and chief executive, Rajneesh Karnatak, said BoI is targeting to maintain loan growth at 13-14% in FY26 but conceded that the NIMs will be challenging as the entire impact of RBI's 1.25% rate cut plays out on its loan book.

Karnatak said the bank will aim to maintain the NIMs and will exit FY26 with a 2.60% NIM.

RBL Bank: BofA Securities on Wednesday bought nearly a 1% stake in private sector lender RBL Bank from BNP Paribas Financial Markets for almost ₹178 crore through an open market transaction.

US-based BofA Securities, through its arm BofA Securities Europe SA, purchased 60 lakh shares, amounting to a 0.97% stake in RBL Bank, as per the block deal data available on the BSE.

The shares were acquired at an average price of ₹296 apiece, taking the deal value to ₹177.60 crore.

Meanwhile, BNP Paribas Financial Markets picked up the same number of shares at the same price.

The scrip of RBL Bank rose 1.31% to finish at ₹297.55 apiece on the BSE.

KEI Industries: The company's Q3 FY26 revenue improved by 19.51% YoY, while the EBITDA margin in the quarter improved to 11.98% as against 10.29% YoY. PAT margin improved to 7.95% as against 6.67% YoY.
Senco Gold: Jewellery retail chain Senco Gold Ltd on Wednesday said its board has approved an investment to acquire a 68% equity stake in August Jewellery Private Limited (AJPL), the parent company of fast-fashion jewellery brand Melorra, for a cash consideration of ₹68 crore.

The acquisition cost is over two times August Jewellery's FY25 turnover of about ₹33 crore.

The acquisition will be carried out through a primary investment, following which AJPL will become a subsidiary of Senco Gold, the company said in a filing to stock exchanges.

AJPL reported a turnover of ₹33.24 crore in FY25, according to the disclosure. Senco did not disclose the profit or loss it posted for the last fiscal year.

DCM Shriram: DCM Shriram Ltd on Wednesday posted a 19% drop in consolidated net profit to ₹212.11 crore for the December quarter due to a one-time exceptional charge of ₹55 crore under the new labour codes.

The company had posted a net profit of ₹262.14 crore in the year-ago period, according to a regulatory filing.

"PAT for Q3FY26 was down by 19% owing to a one-time exceptional charge of ₹55 crore under new labour codes," the company said.

Total income rose to ₹4,031.99 crore during the October-December quarter of the 2025-26 fiscal year, from ₹3,559.98 crore a year earlier.

Hindustan Petroleum Corporation Ltd (HPCL): The company on Wednesday reported a 35% jump in net profit in the December quarter on the back of an increase in refining margins.

Standalone net profit of ₹4,072.49 crore in the October-December period, the third quarter of the 2025-26 fiscal year, compared with ₹3,022.90 crore earned in the same period a year back, according to a company statement and stock exchange filing.

The company, which operates two refineries in Mumbai and Vizag that convert crude oil pumped out of the ground and below the seabed into fuels like petrol and diesel, processed a slightly lower crude at 6.38 million tonnes in the third quarter.

But its earnings from turning every barrel of crude into fuel rose to $8.85 as compared to $6.01 per barrel in Q3 of the previous financial year.

Revenue from operations rose to ₹1.24 lakh crore from ₹1.19 lakh crore.

Anant Raj: Realty firm Anant Raj Ltd on Wednesday reported a 31% increase in consolidated net profit to ₹144.23 crore during the December quarter on the back of better income.

Its net profit stood at ₹110.37 crore in the year-ago period.

The company's total income rose to ₹660.38 crore in the October-December period from ₹543.97 crore in the corresponding period of the preceding year, according to a regulatory filing.

Delhi-based Anant Raj Ltd is a leading real estate developer in the country. It is mainly into developments of residential and data centre projects.

PNB Housing Finance: PNB Housing Finance on Wednesday reported almost an 8% increase in net profit to ₹520.35 crore in the December quarter.

The non-banking financial company, promoted by Punjab National Bank, had earned a net profit of ₹483.3 crore in the same quarter of the preceding fiscal year.

Interest income also grew to ₹2,019.39 crore during the quarter under review from ₹1,848 crore, reflecting healthy loan growth.

The company's asset quality remained stable, with gross non-performing assets at 1.04% as of the December quarter.

UTI Asset Management Company (AMC): The company on Wednesday reported a 20% year-on-year decline in consolidated profit after tax (PAT) to ₹121 crore in the December quarter.

The company had posted a PAT of ₹151 crore in the corresponding quarter of the previous fiscal year.

However, on a normalised basis, which excludes exceptional items, its PAT rose 43% year-on-year to ₹216 crore.

Total income increased 23% year-on-year to ₹518 crore in the quarter under review from ₹420 crore logged a year earlier, driven by higher revenue from operations, UTI AMC said in a regulatory filing to the stock exchanges.

Bajaj Consumer Care: FMCG firm Bajaj Consumer Care Ltd on Wednesday reported an 83% increase in consolidated net profit at ₹46.37 crore for the December quarter of FY26.

The company had posted a net profit of ₹25.31 crore a year ago, according to a regulatory filing from Bajaj Consumer Care, part of the Bajaj Group of Companies.

Revenue from operations was at ₹306.09 crore, up 30.57% year-on-year. Total expenses were higher by 20.9% to ₹254.95 crore.

Total income, which includes other income, was at ₹311.38 crore in the quarter, up 28.66% year-on-year.

Dalmia Bharat: Cement maker Dalmia Bharat Ltd on Wednesday reported a 94% increase in consolidated net profit at ₹128 crore for the December quarter of FY26, helped by a rise in sales volume, improved realisation, reduction in expenses, etc.

The company had posted a net profit of ₹66 crore for the October-December period a year ago, according to a regulatory filing from Dalmia Bharat.

Revenue from operations was up 10.2% year-on-year to ₹3,506 crore in the December quarter. Sales volume was up 9.5% to 7.3 million.

Total expenses were at ₹3,362 crore, up 7.24% year-on-year.

Piccadily Agro Industries: Piccadily Agro Industries, the maker of the largest-selling single malt whisky, Indri, and Camikara aged rum, on Wednesday reported a two-fold jump in net profit to ₹47.61 crore for the December quarter of FY26, driven by its premium alcobev portfolio.

The company had logged a profit of ₹24.49 crore in the December quarter a year ago, according to a regulatory filing by Piccadilly.

Gross sales rose 53.3% to ₹312.71 crore in the quarter under review from ₹203.97 crore a year ago.

Revenue from operation of the Siddhartha Sharma-promoted company was at ₹313.8 crore, up 52.54% year-on-year.

Canara HSBC Life: Canara HSBC Life Insurance Company on Wednesday reported a nearly 6% drop in net profit at ₹27.65 crore for the three months ended December 2025.

The insurer had clocked a net profit of ₹29.32 crore in the year-ago period.

Total income of the firm promoted by Canara Bank rose to ₹4,272.53 crore from ₹1,540 crore in Q3 FY25, according to a regulatory filing to the stock exchanges.

The company collected a net premium of ₹2,867 crore in the quarter, up from ₹2,005 crore a year ago.

Tata Communications: Tata Communications on Wednesday posted a 55% jump in consolidated net profit at ₹365.28 crore for the December quarter of FY26, mainly on account of improvement in margin.

The company had logged a profit of ₹235.96 crore, attributable to equity holders of the parent, in the same period a year ago.

“This quarter's performance reflects our disciplined focus on driving data-led growth with expanding margins and a healthy order book. We are gaining momentum across the business, and the capability shift we have invested in is now clearly translating into stronger products and sharper execution for customers," MD and CEO AS Lakshminarayanan said.

eClerx Services: The Board of Directors of the company is scheduled on January 28, inter alia, to consider and approve Q3 FY26 financial results and issuance of bonus shares.
Indo Count Industries: Indo Count, a global provider of home solutions, has started commercial operations at its greenfield pillow manufacturing facility located at the Piedmont Commerce Centre in Kernersville, North Carolina. This facility is the 3rd pillow manufacturing facility in the United States.
HAL, BEL, and other defence companies: Kaja Kallas, the Vice-President of the European Commission, in her post on X on Monday, said that Europe is ready to deliver on a powerful new agenda with India.

Today, the EU agreed to move forward with the signature of a new Security and Defence Partnership.

"It will expand our cooperation in areas such as maritime security, counterterrorism and cyberdefence. I look forward to signing it next week during the EU-India Summit in New Delhi," Kallas said.

With inputs from PTI
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