Stocks to Watch Today: Earnings, OFS and Rail Orders | January 28

Stocks to Watch Today remain firmly in focus as the share market today digests a heavy flow of December-quarter earnings, large equity transactions, infrastructure order wins, and strategic investments disclosed on January 28. Developments across FMCG, metals, telecom, retail, financial services, energy, and rail infrastructure are shaping stock-specific narratives during the ongoing earnings season.

Share Market News – Highlights

• Key market-moving developments today
• Q3 earnings across FMCG, retail and telecom
• Corporate actions and strategic investments
• Infrastructure and rail order wins
• Bulk and block deal activity
• Companies announcing results today
• Market context and compliance note

Major Developments Shaping Stocks to Watch Today

Among the most significant announcements, Vedanta has approved the sale of a portion of its holding in Hindustan Zinc through an offer-for-sale, while ONGC has taken steps to strengthen its energy logistics infrastructure through new shipbuilding contracts. In parallel, Rail Vikas Nigam has secured a sizeable electrification project, and Infosys has announced a strategic technology collaboration in artificial intelligence.

These developments, combined with a broad set of quarterly earnings, are driving focused attention on individual stocks rather than broad market trends.

Q3 Earnings Review Across Key Sectors

FMCG and Consumer-Focused Companies

Marico reported a healthy year-on-year increase in both profit and revenue, supported by volume-led growth and steady demand across its core categories. While operating profitability improved in absolute terms, margins moderated compared with the previous year.

Bikaji Foods International delivered strong profit growth, driven by improved operating leverage and better cost absorption, even as revenue growth remained moderate.

PC Jeweller posted robust growth in both profit and revenue, supported by higher festive and wedding-season demand. Operating performance improved materially during the quarter.

Vishal Mega Mart reported solid growth in earnings and revenue, reflecting stable footfall, improved store-level efficiency, and disciplined cost management.

Telecom and Digital Services

Vodafone Idea reported a narrowing of losses during the quarter, supported by marginal revenue growth and higher average revenue per user. Operating metrics showed incremental improvement, although profitability remained under pressure.

Motilal Oswal Financial Services posted resilient quarterly performance, with stable consolidated profit and moderate revenue growth. Asset and wealth management businesses continued to support operating momentum.

Financial Services and NBFCs

Spandana Sphoorty Financial reported a substantially reduced quarterly loss, aided by lower credit costs and improved collections, even as revenue declined year-on-year.

Mahindra Logistics returned to profitability in the December quarter, supported by higher volumes and improved utilisation across its logistics network.

Real Estate and Industrials

Sunteck Realty reported a sharp rise in revenue and profit, driven by project completions and improved recognition during the quarter.

Ramkrishna Forgings reported a decline in profitability due to exceptional costs, while revenue growth remained modest.

Corporate Actions and Strategic Announcements

Vedanta has approved the sale of up to 6.7 crore equity shares of Hindustan Zinc through an offer-for-sale scheduled across two trading days. The transaction includes a base offer and an oversubscription option, with a fixed floor price.

Infosys announced a strategic collaboration with an AI-powered development platform to accelerate enterprise adoption of AI-native software engineering. As part of the arrangement, a dedicated centre of excellence will be established.

Life Insurance Corporation of India disclosed its subscription to non-convertible debentures issued by Bajaj Finance, with the funds earmarked for general business purposes.

ONGC, through its joint ventures with a Japanese shipping partner, entered into shipbuilding contracts for the construction of very large ethane carriers. The initiative is aimed at strengthening ethane transportation and energy supply-chain resilience.

Infrastructure and Rail Sector Developments

Rail Vikas Nigam emerged as the lowest bidder for an overhead electrification upgradation project awarded by South Central Railway. The contract involves system upgradation, feeder installation, and associated works across a defined rail corridor.

Titagarh Rail Systems signed an agreement with a global technology provider to supply propulsion systems for metro rail projects, including technology transfer and localisation of manufacturing under domestic manufacturing initiatives.

Bulk and Block Deal Activity

Several large trades were reported through bulk and block deal disclosures, reflecting portfolio realignment by institutional investors without indicating any directional market view.

Companies Announcing Results Today

A wide range of companies across engineering, automobiles, cement, financial services, insurance, pharmaceuticals, auto components, capital markets, retail, and digital platforms are scheduled to announce December-quarter results today. These earnings disclosures are expected to add further stock-specific volatility during the trading session.

Market Context and Compliance Note

The share market today continues to be driven primarily by company-level developments rather than broad macro cues. Earnings performance, capital market transactions, regulatory approvals, and order inflows are shaping near-term attention on individual stocks.

This article is prepared strictly for informational and educational purposes. It does not constitute investment advice, recommendations, or forecasts and is fully compliant with SEBI communication standards. All information is based on publicly available disclosures as of January 28.

As earnings season progresses, stocks to watch today may continue to evolve with additional corporate announcements, operational updates, and regulatory filings.