Stocks to Watch Today: Persistent, United Spirits, Key Earnings and Deals | January 21

Stocks to Watch Today dominate market attention as the share market today reacts to a dense flow of December-quarter earnings, regulatory approvals, power sector contracts, bulk deals, and corporate restructuring announcements dated January 21. Companies across IT services, financials, consumer goods, chemicals, energy, and infrastructure reported results that highlight diverging sectoral trends.

Share Market News – Highlights

• Major earnings driving market focus
• Banking and financial services updates
• IT, consumer and industrial performance
• Energy, power and infrastructure developments
• Bulk and block deal disclosures
• Companies reporting results today
• Market context and compliance note

Major Earnings Shaping Stocks to Watch Today

December-quarter earnings placed several companies firmly among today’s stocks to watch, as profit trends diverged sharply across sectors.

Persistent Systems reported another quarter of revenue expansion, marking its 23rd consecutive quarter of growth. Revenue and dollar earnings improved on a year-on-year basis, reflecting continued client demand. However, profitability was impacted by one-time costs linked to labour code implementation, resulting in margin compression during the quarter.

United Spirits delivered resilient quarterly performance, with growth in profit and revenue supported by stable demand across its portfolio. While operating margins softened, the company approved an incremental equity investment in its associate entity, increasing its ownership stake.

IndiaMART InterMESH posted strong bottom-line growth, aided by higher other income and steady customer collections. Revenue growth remained moderate, while margins narrowed compared to the previous year.

DCM Shriram reported lower profit despite healthy revenue growth, as operating margins narrowed. The performance reflected mixed trends across its diversified business segments.

Shoppers Stop recorded a sharp decline in profitability, even as revenue edged higher. Exceptional costs and uneven discretionary demand influenced the quarter’s outcome.

Banking and Financial Services Updates

Financial institutions featured prominently among stocks to watch today, with asset quality, income growth, and regulatory developments remaining in focus.

AU Small Finance Bank reported strong growth in net profit and net interest income, supported by steady loan expansion. Asset quality indicators showed marginal improvement, with non-performing assets remaining stable sequentially.

CreditAccess Grameen returned to profitability during the quarter after posting a loss in the previous year, aided by improved net interest income and stabilising portfolio performance.

The Reserve Bank of India approved the reappointment of a senior executive at HDFC Bank, providing continuity in leadership at the private sector lender.

Separately, the Competition Commission of India cleared a proposed acquisition involving RBL Bank, removing a key regulatory hurdle for the transaction.

IT, Consumer and Industrial Sector Performance

Technology and consumer-focused companies delivered mixed results, reflecting cost pressures and demand variations.

EPACK Durable reported modest profit growth alongside double-digit revenue expansion, indicating stable execution in the consumer durables segment.

Supreme Petrochem recorded a sharp contraction in profit and revenue, highlighting a slowdown in petrochemical demand during the quarter.

Rallis India saw a steep decline in profit despite revenue growth, as exceptional costs related to wage code implementation weighed on earnings.

Cyient DLM reported marginal profit growth but a sharp decline in revenue, largely due to the completion of a large order in the previous year.

Vikram Solar delivered a significant improvement in profitability, supported by higher execution levels and improved operational efficiency, even as labour-related costs impacted margins.

Energy, Power and Infrastructure Developments

Energy and infrastructure companies added to today’s stocks to watch through new contracts and investment approvals.

JSW Energy announced that its subsidiary signed a long-term power purchase agreement for a large greenfield thermal power project in West Bengal. The project is scheduled for phased commissioning over several years.

Power Grid Corporation of India approved capital expenditure proposals for the procurement of transformers and reactors, supporting grid reliability and regional transmission requirements.

Highway Infrastructure received a letter of award from the National Highways Authority of India for toll operations and maintenance along a key urban corridor connecting Delhi and Haryana.

Embassy Developments outlined plans to expand its presence in the Mumbai Metropolitan Region through residential projects across multiple locations, with significant planned investment and development scale.

Bulk and Block Deal Activity

Ownership changes through bulk and block deals were disclosed across select listed companies, contributing to stock-specific activity.

Such disclosures provide transparency on shareholder movements and do not imply any forward-looking performance expectations.

Companies Reporting December-Quarter Results Today

A broad set of companies across pharmaceuticals, energy, metals, financial services, manufacturing, and communications are scheduled to announce quarterly earnings today. These disclosures are expected to add further depth to the ongoing earnings season and sector-wise analysis.

Market Context and Compliance Note

The share market today remains firmly driven by company-specific developments, with earnings outcomes, regulatory approvals, and capital allocation decisions shaping stock-level movement.

This article is strictly informational and prepared in compliance with SEBI communication standards. It does not constitute investment advice, recommendations, or forecasts. All information is derived from publicly available company disclosures and regulatory filings as of January 21.

As the earnings season progresses, the list of today’s stocks to watch may continue to evolve in response to new announcements and corporate updates.