Kolkata: The equity markets are passing through nervous times, thanks to the geopolitical tension unleashed this time by US President Donald Trump’s wish to capture Greenland. The global jitters have spread to the Indian market too. On Tuesday, January 20, Sensex 30 fell 1,065 points to close at 82,180 while Nifty 50 went down 353 points to close at 25,233. Investors are now watching the Nifty 200 DMA moving average of 25,114 and if this level is also breached, downward pressure could increase.
Several major stocks will be in focus in the reading session today Jan 21. Moreover a number of major companies are set to announce their financial results for the Q3FY26 period today.
Q3 results today
The following companies are expected to announce their third quarter results today. They include Dr Reddys Laboratories, Eternal, Bank of India, Canara HSBC Life Insurance Company, Bajaj Consumer Care, Dalmia Bharat, Epack Prefab Technologies, Hindustan Petroleum Corporation, Jindal Stainless, KEI Industries, PNB Housing Finance, Supreme Industries, Tata Communications, UTI Asset Management Company, and Waaree Energies.
Companies in focus
JSW Energy: JSW Thermal Energy Two Limited, a subsidiary of JSW Energy, has signed a power purchase agreement with the West Bengal State Electricity Distribution Company. The agreement is for a new 1,600 MW (2 x 800 MW) thermal power plant. The project will be located in Salboni, West Bengal, and is targeted to be operational within approximately six years.
HDFC Bank: The RBI has approved the reappointment of Kaizad Bharucha as Whole-time Director (deputy managing director) of HDFC Bank for a period of three years, effective April 19, 2026.
HCL Technologies: HCL Tech has partnered with Carahsoft Technology Corp. to accelerate digital transformation in the US public sector. This is expected to provide the company with new opportunities in the government tech solutions segment.
Power Grid Corporation of India: The company’s board has approved an investment proposal of Rs 914 crore. This amount will be spent on the purchase of cold spare transformers and reactors.
Highway Infrastructure: The company has received a Letter of Award from NHAI. The project involves acting as the user fee agency for the Mundka toll plaza on the UER-11 corridor connecting Delhi and Haryana. The project is valued at approximately Rs 64.68 crore, which includes responsibility for toll collection, maintenance, and other amenities.
RBL Bank: The Competition Commission of India (CCI) has approved Emirates NBD Bank to acquire a fixed stake in RBL Bank. This deal could create a stir in the banking sector.
Tata Steel: The CCI has approved Tata Steel’s proposal to acquire a 50.01% stake in Thriveni Pellets. This is expected to further strengthen the company’s iron ore value chain.
Embassy Developments: The company has announced major expansion plans in the Mumbai Metropolitan Region. The company will invest Rs 4,500 crore and launch three large residential projects in Worli, Juhu, and Alibaug. The total gross development value of these projects is estimated to be approximately Rs 12,000 crore. Project launches will begin in the fourth quarter of FY26.
Aditya Birla Lifestyle Brands and Aditya Birla Fashion and Retail: Fidelity Securities Fund, also known as Fidelity Blue Chip Growth Fund, has sold approximately 23.6 million shares of Aditya Birla Lifestyle Brands for approximately Rs 260.67 crore at Rs 110 per share.
AU Small Finance Bank Q3 results: AU Small Finance Bank reported strong performance in the December quarter. Profit increased 26.3% year-on-year to Rs 667.6 crore. Net interest income increased 15.7% to Rs 2,341.3 crore. Gross NPAs declined to 2.30%, while net NPAs remained stable at 0.88%.
Vikram Solar Q3 results: Vikram Solar reported impressive results for the December quarter. Profit increased more than fivefold to Rs 981 million. Revenue increased 7.8% to Rs 1,105.9 million. The impact of the labour code was Rs 560 million in the quarter, compared to zero last year.
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