The Indian stock market is anticipated to commence trading on a positive note this Thursday, mirroring a robust rally in global markets. This upward momentum is largely attributed to signs of cooling geopolitical tensions, particularly concerning Greenland, which has bolstered investor sentiment worldwide. The trends observed on Gift Nifty further reinforce expectations of a gap-up opening for the benchmark indices, namely the Nifty 50 and the Sensex, in today's session.
Key Stocks Under the Spotlight for January 22, 2026
In today's trading session, a diverse array of companies will capture the attention of investors. The stocks to watch include Eternal, InterGlobe Aviation, Dr Reddy's Laboratories, Biocon, Hindustan Petroleum Corporation Ltd (HPCL), CESC, and several others. Here is a detailed overview of the key developments influencing these stocks.
Eternal Reports Strong Q3 Performance Amid Leadership Transition
Eternal has announced impressive financial results for the third quarter of fiscal year 2026. The company's consolidated net profit surged by 73% year-on-year, reaching ₹102 crore. Concurrently, revenue from operations experienced a remarkable increase of 201% year-on-year, totaling ₹16,315 crore. In a significant leadership change, Deepinder Goyal has resigned from his roles as Managing Director and Chief Executive Officer, effective February 1. He will transition to a new position as Vice Chairman and Director on the Board, marking a strategic shift in the company's governance.
Dr Reddy's Laboratories Faces Profit Decline Despite Revenue Growth
Pharmaceutical giant Dr Reddy's Laboratories reported a mixed performance in Q3FY26. The company's consolidated net profit declined by 14% year-on-year, settling at ₹1,210 crore. However, revenues showed a modest increase of 4% year-on-year, amounting to ₹8,727 crore. This juxtaposition of falling profits and rising revenues highlights the ongoing challenges and opportunities within the pharmaceutical sector.
Biocon Completes Acquisition to Strengthen Stake in Biologics Unit
Biocon has successfully completed the acquisition of the remaining 7.18 crore equity shares of Biocon Biologics from Mylan Inc. for a total of $200 million. Following this transaction, Biocon now holds approximately a 98% stake in Biocon Biologics. This move is expected to enhance the company's control and strategic direction in the biologics segment, positioning it for future growth.
Senco Gold Expands Portfolio with Investment in August Jewellery
Senco Gold's board has approved an investment of ₹68 crore to acquire a 68% equity stake in August Jewellery, the parent company of the fast-fashion jewellery brand Melorra. This strategic investment aims to diversify Senco Gold's product offerings and tap into the burgeoning fast-fashion jewellery market, potentially driving revenue growth.
HPCL Posts Robust Q3 Results with Significant Profit Increase
Hindustan Petroleum Corporation Ltd (HPCL), a state-run oil refiner, reported a strong financial performance for Q3FY26. The company's net profit rose by 58% to ₹4,011 crore, compared to ₹2,544 crore in the corresponding period last year. Revenue also saw a growth of 5%, reaching ₹1.24 lakh crore from ₹1.18 lakh crore. These results reflect HPCL's resilience and efficiency in a dynamic energy market.
Waaree Energies Achieves Exponential Growth in Q3
Waaree Energies delivered exceptional results for the third quarter, with net profit jumping 115.6% year-on-year to ₹1,062.5 crore. Revenue surged by 118.8% year-on-year to ₹7,565 crore, while EBITDA increased by 167% to ₹1,928 crore. The company emphasized that its execution remains on track across various adjacencies, solidifying its position as a fully integrated energy transition player.
Lemon Tree Hotels Expands Portfolio with New Licence Agreement
Lemon Tree Hotels has signed a licence agreement for Lemon Tree Premier in Omkareshwar, Madhya Pradesh. This new property will be managed by its subsidiary, Carnation Hotels, extending the company's footprint in the hospitality sector and catering to the growing demand for premium accommodations.
CESC Green Power Enters MoU for Solar Projects in Uttar Pradesh
CESC's subsidiary, CESC Green Power, has entered into a Memorandum of Understanding with the government of Uttar Pradesh. The agreement involves the establishment of a 3 GW Solar Cell/module plant, a 60 MW Solar Power Plant, ancillary units, a Research & Development Lab, and other infrastructural facilities. This project, with an investment of approximately ₹3,800 crore, underscores CESC's commitment to renewable energy and sustainable development.
PNB Housing Finance Reports Steady Growth in Q3
PNB Housing Finance reported a standalone net profit increase of 10.5% year-on-year to ₹521 crore in Q3FY26, up from ₹471.4 crore. Net interest income (NII) also grew by 12.8% year-on-year to ₹757 crore from ₹671.2 crore. These figures indicate steady growth and stability in the housing finance sector, despite broader economic fluctuations.
Overall, the Indian stock market is set for an optimistic start, with investors closely monitoring these key stocks and their respective developments. The combination of global cues and corporate performances is likely to shape trading dynamics throughout the day.
