4 min read | Updated on January 09, 2026, 08:15 IST
SUMMARY
Stocks to Watch: For Q3FY26, Elecon reported consolidated revenue of ₹552 crore, reflecting a growth of 4.3% on a Y-o-Y basis. EBITDA for the quarter stood at ₹109 crore, with an EBITDA margin at 19.8%, while Profit after Tax (PAT) was ₹72 crore, resulting in PAT margins at 13.0%.
The GIFT NIFTY futures suggest that the NIFTY50 index will open 14 points higher. | Image: Shutterstock
Stocks to Watch: The domestic equity market is expected to open flat with a positive bias on Friday, January 9. The GIFT NIFTY futures suggest that the NIFTY50 index will open 14 points higher.
Here is a list of stocks that may remain in focus today.
Earnings today: According to the morning list, as many as six companies are slated to announce their Q3 earnings today. The companies are IREDA, Tejas Networks, Globus Spirits, GG Engineering, Triton Corp, and Ladam Affordable Housing.
Heritage Foods, Devyani International: Shares will be in focus as Devyani International, one of the country's leading quick-service operators, announced on Thursday that its subsidiary, Sky Gate Hospitality, has sold its stake in Peanutbutter and Jelly to Heritage Foods.
Peanutbutter and Jelly Pvt Ltd owns the health-focused 'Get-A-Way' brand, which produces high-protein, no-added-sugar ice creams and desserts.
"Sky Gate Hospitality, a subsidiary company, had executed a Share Purchase Agreement with Heritage Foods for the sale of its entire 51% equity stake held in Peanutbutter and Jelly, a subsidiary of Sky Gate and a step-down subsidiary of the company," said a regulatory filing from Devyani International Ltd (DIL).
Elecon Engineering: For Q3FY26, Elecon reported consolidated revenue of ₹552 crore, reflecting a growth of 4.3% on a Y-o-Y basis. EBITDA for the quarter stood at ₹109 crore, with an EBITDA margin at 19.8%, while Profit after Tax (PAT) was ₹72 crore, resulting in PAT margins at 13.0%.
Order intake for the quarter was ₹701 crore, and "our order book as of December 31, 2025, stood at ₹1,372 crore. The strong order book, combined with a healthy outlook for order inflow across both domestic and overseas markets, provides good visibility and confidence going forward," the comoany said.
BHEL: Bharat Heavy Electricals Limited (BHEL) has received an order from Bharat Coal Gasification and Chemicals Limited (BCGCL), a joint venture company of BHEL and Coal India Limited (CIL).
The size of the order is around ₹5,400 crore, excluding GST.
Power Mech Projects: Power Mech Projects Limited (“PMPL” or the “Company”), one of the leading industrial engineering, construction and services companies in the power and infrastructure sectors, has announced that its wholly owned subsidiary, PM Green Private Limited, as a lead member, has secured a contract for a 1 GWh Battery Energy Storage System (BESS) from West Bengal State Electricity Distribution Company Limited (WBSEDCL).
Waaree Renewable Technologies: The company has received a Letter of Award for a revised project capacity of 704 MWac/1,000 MWp. This revision is pursuant to evacuation considerations and optimisation of DC overloading, and it will result in a proportionate reduction in the contract value.
The company added that the commercial order has been reduced from ₹1,252.43 crore to ₹1,039.60 crore (excluding taxes), resulting in a reduction of ₹1,212.83 crore.
Astra Microwave Products: Astra Rafael Comsys Private Limited, its joint venture company, bagged ₹275.27 crore (including taxes) worth of orders on January 8, 2026, from the Indian Air Force for the integration of Software Defined Radio (SDR) on MiG-29 aircraft, the installation of Network Centric Application (NCO) on MiG-29 aircraft and the procurement of 24 SDRs for LCA Mk-1A aircraft.
Rail Vikas Nigam Limited (RVNL): The company has received an LOA from East Coast Railway for “Setting up of Waggon POH Workshop of 200 Nos. Capacity at Kantabanji”. The order size is ₹201.23 crore.
Sagar Cements: The company Thursday announced plans to divest an 8.14% stake in its arm Andhra Cements through an offer for sale (OFS), aimed at complying with minimum public shareholding requirements.
Prestige Estates: Prestige Group, through Canopy Living LLP, a joint venture between Prestige Estates Projects Limited and Arihant Foundations & Housing Limited, has signed an agreement to sell for purchase a land parcel measuring 16.381 acres located at Padi, Chennai.
Bharat Forge: Bharat Forge and Germany-based Agile Robots S.E. agree to explore a strategic collaboration to jointly explore the space of AI-driven robotics and intelligent industrial automation.
Driven by Bharat Forge’s extensive domain expertise and Agile Robots’ ingenious intelligent robots and automation solutions, this collaboration will see the deployment of cutting-edge solutions for the automotive, healthcare, and consumer electronics industries.
IEX: According to news reports, the Electricity Appellate Tribunal (APTEL) is scheduled to hear the market coupling case on Friday, January 9, at 10:30 AM.
The IEX petition, according to reports, claims that the CERC order is arbitrary and violates the principles of natural justice. It claims that the coupling order will only lead to the loss of market share without any conceivable benefits.
With inputs from PTI
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