As the session progresses, investors may closely watch stocks reacting to recent earnings announcements and business updates. Developments across sectors such as banking, IT, energy, and manufacturing could influence select counters. Stock-specific triggers are expected to remain in play. Here are the stocks likely to be in focus today.
Market recap
On January 20, the equity benchmarks ended sharply lower, with the Nifty 50 falling 353 points, or 1.38%, to close at 25,232. The BSE Sensex also declined, dropping 1,066 points, or 1.28%, to settle at 82,180.
Earnings to watch today
Several key companies are set to announce their Q2 results today, led by Dr. Reddy’s Laboratories, HPCL, Tata Communications, Bank of India, Canara HSBC Life Insurance, and UTI AMC. The earnings list also includes Dalmia Bharat, Jindal Stainless, KEI Industries, Supreme Industries, Oracle Financial Services, Bajaj Consumer, Muthoot Capital, KPI Green, and Anant Raj.
Other companies scheduled to report their quarterly numbers today are Chembond Specialty Chemicals, Gravita India, Goa Carbon, Sagar Cement, Rajratan Wires, Refex Industries, Tatava Chintan Pharma, Thangamayil Jewellers, EPack PreFab, Eternal, PNB Agro, and Dhanlaxmi Bank.
Stocks to watch today, January 21, 2026
HDFC Bank
HDFC Bank received approval from the Reserve Bank of India for the appointment of Kaizad Bharucha as whole-time director. The appointment will take effect from April 19, 2026.
United Spirits
United Spirits reported a net profit at Rs 529 crore in Q3FY26. Revenue stood at Rs 3,683 crore. However, earnings before interest, tax, depreciation and amortisation came in at Rs 618 crore, while operating margin declined to 16.8% from the expected 17.5%.
Persistent Systems
Persistent Systems Q3 revenue surged 5.5% quarter-on-quarter to Rs 3,778.2 crore. Net profit declined 6.7% sequentially to Rs 439.4 crore. Operating margin fell to 14.4% from 16.3%, mainly due to a one-time labour code impact of Rs 89 crore.
JSW Energy
JSW Thermal Energy Two, a subsidiary of JSW Energy, signed a power purchase agreement with West Bengal State Electricity Distribution Company for a 1,600 megawatt thermal power project in Salboni, West Bengal. The project will be developed in two units of 800 megawatts each and is expected to be commissioned within six years.
RBL Bank
RBL Bank received approval from the Competition Commission of India for the proposed acquisition of a controlling stake by Emirates NBD Bank. The transaction includes an open offer to public shareholders, a preferential allotment of shares, and the merger of Emirates NBD’s India banking operations into RBL Bank. Emirates NBD currently operates in India through branch offices.
DCM Shriram
DCM Shriram posted a 19% year-on-year decline in Q3 net profit at Rs 212 crore, compared with Rs 262 crore last year. Revenue rose 13.8% to Rs 4,003 crore from Rs 3,519 crore. Earnings before interest, tax, depreciation and amortisation increased 7.1% to Rs 531.5 crore, though margins narrowed to 13.3% from 14.1%.
CreditAccess Grameen
CreditAccess Grameen reported a sharp turnaround, posting a Q3 net profit of Rs 252 crore, against a loss of Rs 100 crore in the year-ago quarter. Net interest income grew 13% year-on-year to Rs 976 crore, up from Rs 863 crore.
Shoppers Stop
Shoppers Stop reported a sharp drop in Q3 profit, which fell to Rs 16.1 crore from Rs 352.2 crore a year ago. Revenue grew 2.6% year-on-year to Rs 1,415 crore. Earnings before interest, tax, depreciation and amortisation declined 11.1% to Rs 217.8 crore, while margin slipped to 15.4% from 17.7%.
Rallis India
Rallis India posted an 81.8% year-on-year decline in Q3 net profit at Rs 2 crore, compared with Rs 11 crore last year. Revenue rose 19.3% to Rs 623 crore from Rs 522 crore.
Cyient DLM
Cyient DLM reported a 2.7% year-on-year increase in Q3 net profit at Rs 11.2 crore, compared with Rs 10.9 crore last year. The company noted that the previous quarter’s profit included a one-time income of Rs 19.58 crore.