Stocks To Watch, January 29: Paytm, Swiggy, ITC, Vedanta, SBI Life, SBI Card, L&T, GE Vernova, M&M Finance, IndiGo, Heritage Foods

The list includes names such as Vedanta Limited, ITC, Voltas, Swiggy, One 97 Communications (Paytm), NTPC Green Energy, Orient Cement, MTAR Technologies, Manappuram Finance, Housing & Urban Development Corporation (HUDCO), Gillette India, Dixon Technologies (India), Dabur India, Cupid Ltd, Colgate Palmolive (India), Balaji Amines, Adani Power, and ACME Solar Holdings, among others.

The city-headquartered company had recorded a profit of ₹130.73 crore in the same quarter of the previous financial year.

For the nine months ending December 31, 2025, net profit rose to ₹431.49 crore, up from ₹417.26 crore in the corresponding period last year.

The company's consolidated total income during the quarter surged to ₹1,553.52 crore, against ₹1,444.04 crore in the year-ago period.

The total consolidated PAT for the quarter at ₹3,215 crore includes a one-time material provision of ₹1,191 crore (net of tax & NCI) towards employee benefits arising from the implementation of the new labour codes, which has been classified under Exceptional Items.

L&T’s revenue from operations for the quarter under review was at ₹71,450 crore, marking a growth of 10.49% from ₹64,668 crore reported in the third quarter of FY25. This was driven by steady execution progress across the various businesses within the Projects & Manufacturing (P&M) portfolio, the firm said. Its international revenues were ₹38,775 crore, constituting 54% of total revenues.

It had reported a net profit of ₹145.38 crore a year ago, according to a statement from LT Foods Ltd, which owns basmati rice brands -- Daawat and Royal.

Its revenue from operations rose 23.5% to ₹2,809.2 crore in the December quarter of FY26. It was ₹2,274.81 crore in the year-ago period.

LT Foods' total expenses jumped 23.8% to ₹2,592.69 crore in the December quarter.

Its total income, which includes other income, increased 22.88% to ₹2,811.95 crore in Q3 of FY26.

The company had posted a consolidated net loss of ₹55.48 crore in the October-December quarter of the last fiscal year, New Delhi Television Ltd (NDTV) said in a regulatory filing.

Its total revenue from operations rose 13.31% to ₹150.41 crore for the December quarter. It was ₹132.74 crore in the corresponding quarter of the last fiscal year.

The total expenses of NDTV surged 20.9% to ₹226.98 crore in the third quarter of FY26.

These unsecured bonds would have a maturity of 12 months and a coupon rate of 50 basis points over the Secured Overnight Financing Rate (SOFR), payable quarterly in arrears, SBI said in a regulatory filing.

These bonds will be issued through SBI's London branch on February 2, 2026, it said.

The pure-play credit card company, promoted by SBI, had posted a net profit of ₹383 crore during the corresponding period of the previous financial year.

Its total income rose to ₹5,353 crore during the December quarter from ₹4,767 crore in the year-ago period, SBI Card said in a regulatory filing.

The company's operating cost increased 23% to ₹2,597 crore for the third quarter of FY26 from ₹2,107 crore in the year-ago period, it added.

With regard to asset quality, the company reported improvement, with gross non-performing assets (NPA) declining to 2.86% during the quarter under review against 3.24% a year ago.

When GST 2.0 was announced in September last year, the company had projected a 7% volume growth.

The company, which exports its electric vehicle to Europe, sees a big positive in the India-EU FTA and believes that the trade deal allows the country to participate in the global arena, Maruti Suzuki India Senior Executive Officer Rahul Bharti told analysts in an earnings call.

"Short term, of course, we are constrained by supply, and we are struggling to meet demand as much as possible. We have a healthy order book, and our share within the SUV segment is growing, so it's all positive.

"Having said that, the query remains in our mind: what is the sustainable level of demand after the euphoria (of the GST rate cut) is over?" Bharti said.

The standalone health insurer had earned a profit of ₹215 crore in the same quarter of the previous fiscal.

During the quarter, gross written premium improved to ₹4,624 crore as against ₹3,796 crore logged in the same quarter a year ago, Star Health said in a regulatory filing.

Total income also rose to ₹4,445 crore in the quarter under review from ₹4,001 crore seen in October-December FY25.

However, net income from investment declined to ₹192 crore as against $200 crore in the same quarter a year ago.

Total expenses increased to ₹4,375 crore as compared to ₹3,849 crore in the third quarter of the previous fiscal.

The company's solvency ratio declined to 214% as of December 31, 2025, from 222% at the end of the third quarter of the previous year.

Its net profit stood at ₹944.4 crore in the year-ago period.

Total income rose to ₹4,775.4 crore in the October-December period of the 2025-26 fiscal year from ₹4,146.6 crore in the corresponding period of the preceding year, according to a regulatory filing.

Commenting on the results, Abhishek Lodha, MD & CEO of Lodha Developers, said, "Our third-quarter pre-sales performance underlines the strong appeal of our product and brand."

For the first nine months of this fiscal year, he said the company has recorded its pre-sales.

The company had posted a consolidated net profit of ₹918 crore in the year-ago period.

On a standalone basis, its net profit dropped 10% to ₹810 crore as against ₹899 crore seen in the year-ago period.

The company clarified that the implementation of the new labour code led to an impact of ₹97 crore during the quarter and added that the profit in the year-ago period included a provision of ₹436 crore.

Adjusted for the one-time provision on labour code and the release of the provisions in the year-ago period, the profit after tax nearly doubled to ₹907 crore during the quarter.

The life insurance company promoted by SBI had earned a profit of ₹551 crore in the same quarter of the previous fiscal year.

During the quarter, net premium income improved to ₹30,245 crore as against ₹24,828 crore in the same quarter a year ago, SBI Life said in a regulatory filing.

Total income more than doubled to ₹45,803 crore in the quarter under review from ₹18,542 crore in October-December of FY25.

The jump in total income is attributed to ₹15,531 crore in income from investment as against the negative return earned from investment income of ₹6,282 crore in the same quarter a year ago.

The dairy company posted a net profit of ₹43 crore a year ago, according to a regulatory filing.

Total income rose to ₹1,126.9 crore from ₹1,042.26 crore, while expenses climbed to ₹1,080 crore from ₹981.62 crore in the year-ago period.

"Q3 FY26 was characterised by an exceptionally tight industry supply environment, marked by milk shortages, elevated procurement costs, and heightened competitive intensity," Executive Director Brahmani Nara said in a statement.

The Kerala-based private sector bank had earned a net profit of ₹152 crore in the same quarter a year ago.

Total income increased to ₹1,431 crore from ₹1,139 crore, CSB Bank said in a regulatory filing.

The bank's interest income also grew during the third quarter of the current fiscal year to ₹1,154 crore, as against ₹919 crore a year ago.

Net Interest Income (NII) during the period increased to ₹453 crore from ₹375 crore in Q3FY25.

As regards asset quality, the gross non-performing asset (NPA) ratio deteriorated to 1.96% as of December 31, 2025, from 1.58% a year ago.

Its net profit stood at ₹264.76 crore in the year-ago period.

Total income rose to ₹1,168.47 crore in the October-December period of the 2025-26 fiscal year from ₹1,005.52 crore in the corresponding period of the preceding year, according to a regulatory filing.

During the first nine months of this fiscal year, The Phoenix Mills' net profit rose to ₹820.47 crore from ₹715.40 crore in the year-ago period.

Total income rose to ₹3,299.19 crore in the April-December period of this fiscal year from ₹2,902.99 crore a year ago.

It reported a net profit of ₹142.68 crore during the December quarter a year earlier, according to a regulatory filing.

The company's total income rose to ₹1,719.39 crore in the quarter from ₹1,099.45 crore seen in the same period a year ago.

Order bookings were ₹2,940 crore in the quarter, against ₹2,080 crore a year earlier, registering a growth of 41%.

The board also approved the reappointment of Sandeep Zanzaria as Managing Director and Chief Executive Officer of the company for another three years with effect from April 17, 2026.

The company has reduced its outstanding structured debt liabilities, it said in a statement.

The ratings upgrade comes on the heels of Biocon simplifying its capital structure.

The USD 1 billion compulsorily convertible preference shares to Viatris have now been removed through a mix of equity share swaps and cash consideration, it added.

Biocon funded the cash payout through fresh equity of about $460 million that it raised earlier this month.

IndiGo, the country's largest airline, has a fleet of 440 planes and operates over 2,200 flights.

Elbers said the airline aims to carry 200 million passengers and operate over 4,000 routes by 2030.

In 2025, the carrier flew 124 million passengers.

At a media briefing on the sidelines of the aviation summit Wings India 2026 here, Elbers said, "We are a fit-for-purpose airline."

Addressing a press conference, he said the company aims to achieve 25% of its revenues from the civil aviation vertical in the next ten years, from the existing 4-5%.

Hindustan Aeronautics Ltd (HAL) recently signed an agreement with Russia's Public Joint Stock Company United Aircraft Corporation (PJSC-UAC) for the production of SJ-100 aircraft.