Stocks to Watch Today: Eternal, HPCL, Jindal Stainless, Q3 Earnings and Deals | January 22

Stocks to watch today on January 22 are Eternal, HPCL, Jindal Stainless amid Q3 earnings, bulk deals and renewable energy announcements

Stocks to Watch Today remain in sharp focus as the share market today digests a heavy slate of December-quarter earnings, leadership changes, bulk and block deals, and large-scale energy investments announced on January 22. Companies across pharmaceuticals, metals, banking, FMCG, energy, real estate, and digital platforms reported results that highlight uneven profit trends and sector-specific dynamics.


Share Market News – Highlights


Q3 Earnings Driving Stocks to Watch Today

December-quarter earnings placed several companies at the centre of today’s stocks to watch, with profit growth varying widely across sectors.

Eternal reported a sharp improvement in quarterly performance, with profit rising strongly on a year-on-year basis and revenue expanding at a rapid pace. The company also announced a leadership transition, with the founder stepping down from the chief executive role and a new CEO appointed from within the group, while the outgoing executive continues on the board in a vice-chairman role.

Waaree Energies delivered a robust quarter, posting more than a doubling of profit and revenue compared with the previous year. The performance reflected higher execution levels and scale-up across manufacturing operations, reinforcing the company’s presence in the renewable energy value chain.

Jindal Stainless reported solid growth in profit and revenue, supported by stable demand and improved operating efficiency. Margins expanded on a year-on-year basis, reflecting better cost management during the quarter.

Dr Reddy’s Laboratories recorded a decline in profit despite moderate revenue growth. Operating margins softened compared with last year, reflecting cost pressures, even as quarterly revenue exceeded market expectations.

Hindustan Petroleum Corporation posted a strong improvement in profitability, aided by higher refining margins and steady fuel demand. Revenue growth remained modest on a year-on-year basis.

Banking and Housing Finance Updates

Financial sector stocks featured prominently among today’s stocks to watch, with lenders reporting steady income growth alongside improving asset quality metrics.

Bank of India reported a rise in quarterly profit and net interest income. Asset quality improved sequentially, with both gross and net non-performing asset ratios declining, although provisioning expenses increased sharply during the quarter.

PNB Housing Finance posted moderate growth in profit, supported by higher net interest income and expansion in its retail loan portfolio. The company continued to reduce exposure to the corporate loan segment during the period.

Aditya Birla Sun Life AMC and Ujjivan Small Finance Bank are among the companies scheduled to announce quarterly results today, adding further depth to financial sector disclosures.

Consumer, Industrial and Metals Performance

Several consumer and industrial companies reported mixed outcomes, reflecting demand variability and cost-related challenges.

Bajaj Consumer Care delivered strong profit growth alongside robust revenue expansion, supported by improved operating leverage and margin recovery.

KEI Industries reported a strong quarter, with profit and revenue rising sharply on the back of higher volumes and execution in its cable and wire businesses.

Gravita India posted healthy profit growth, aided by improved operating margins, even as revenue growth remained relatively modest.

Anant Raj reported a solid quarterly performance, with growth in profit and revenue supported by steady real estate project execution.

Supreme Petrochem and Rallis India faced pressure on profitability, with earnings impacted by weaker demand conditions and exceptional costs linked to regulatory and wage-related provisions.

Energy, Renewables and Infrastructure Developments

Energy and infrastructure announcements added further depth to today’s stocks to watch.

CESC, through its renewable arm, signed a memorandum of understanding with the Uttar Pradesh government for a large-scale solar manufacturing and power generation project. The proposed investment covers solar cell and module manufacturing, a solar power plant, and associated research and infrastructure facilities.

Biocon completed the acquisition of the remaining stake in its biologics subsidiary from an overseas partner, increasing its ownership to nearly full control on a fully diluted basis.

Lemon Tree Hotels announced the signing of a new hospitality property in Madhya Pradesh under a licensing arrangement, strengthening its presence in the leisure and pilgrimage travel segment.

Bulk and Block Deal Activity

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

CompanyTransaction Summary
Rama Steel TubesPartial stake sale by a prominent investor
Valiant CommunicationsEquity purchase by the same investor
Restaurant Brands AsiaLarge stake sales by institutional shareholders
Adani Green EnergyBlock purchases by global financial institutions
RBL BankEquity acquisition by a foreign institutional investor

Such disclosures reflect changes in shareholding structure and do not indicate any forward-looking expectations.

Companies Announcing Results Today

A wide range of companies across aviation, banking, media, IT services, financial technology, energy, and retail are scheduled to announce December-quarter results today. These announcements are expected to further shape stock-specific movements during the trading session.

Market Context and Compliance Note

The share market today continues to remain driven by company-specific disclosures, with earnings performance, regulatory approvals, leadership transitions, and capital allocation decisions influencing individual stocks.

This article is prepared strictly for informational purposes and complies with SEBI communication standards. It does not constitute investment advice, recommendations, or forecasts. All information is based on publicly available company filings and disclosures as of January 22.

As earnings season progresses, today’s stocks to watch may evolve further with new corporate announcements and sector-level developments.

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