Stocks to Watch Today, January 9: Vedanta, RVNL, BEL, Devyani International, Eternal in Focus
Stocks to Watch Today: Indian equities are expected to witness stock-specific action on January 9 as several listed companies announced earnings updates, corporate transactions, order wins, regulatory developments, and IPO-related news. Key sectors such as engineering, defence, energy, consumer services, and infrastructure are likely to remain active during today’s trading session.
Elecon Engineering Reports Profit Decline
Elecon Engineering Company posted a sharp 33% year-on-year fall in its quarterly net profit, which declined to ₹72 crore from ₹107.5 crore in the corresponding quarter last year. Despite the profit drop, the company reported a modest 4.3% rise in revenue to ₹551.7 crore, compared with ₹528.9 crore a year ago.
Devyani International Divests Subsidiary Stake
Devyani International informed exchanges that its wholly owned subsidiary, Sky Gate Hospitality, has divested its stake in Peanutbutter and Jelly to Heritage Foods. The company did not disclose the financial details of the transaction.
Saatvik Green Energy Wins Solar Project Order
Saatvik Green Energy secured a new order valued at ₹21 crore for the execution of a solar power project. The order strengthens the company’s growing presence in the renewable energy space.
Bharat Forge Signs Robotics MoU
Bharat Forge entered into a memorandum of understanding with Germany-based Agile Robots SE. The collaboration is focused on developing AI-driven robotic solutions, reinforcing Bharat Forge’s push into advanced manufacturing technologies.
Eternal Receives GST Demand Notices
Eternal, the parent company of Zomato and Blinkit, disclosed that it has received two GST demand orders amounting to ₹27.56 crore. The total includes interest and penalties, as per the regulatory filing.
Bajaj Finserv Completes Allianz Stake Buyout
Bajaj Finserv announced the completion of its acquisition of a 23% stake in Bajaj General Insurance and Bajaj Life Insurance from Allianz SE. The transaction, executed along with Bajaj Holdings and Jamnalal Sons, involved payments of ₹12,190 crore and ₹9,200 crore respectively.
RVNL Secures Railway Project
Rail Vikas Nigam Limited received a Letter of Acceptance from East Coast Railway for setting up a wagon periodic overhaul workshop at Kantabanji. The project, with a capacity of 200 wagons, is valued at ₹201.2 crore.
BEL Bags Fresh Defence Orders
Bharat Electronics Limited reported additional orders worth ₹596 crore since its previous disclosure on January 1, further strengthening its order book.
Vedanta Clarifies Contract Extension Reports
Vedanta issued a clarification regarding media reports on the extension of its contract, stating that the Ministry of Petroleum and Natural Gas had rejected the company’s application in September 2025.
Adani Enterprises in Spotlight
Adani Enterprises remains in focus after reports suggested that the Adani Group has signed an initial agreement with Brazilian aerospace firm Embraer to explore setting up a final assembly line for regional aircraft in India.
IPO Watch: Bharat Coking Coal
The initial public offering of Bharat Coking Coal Limited, a Coal India subsidiary, opens for subscription today. The IPO is priced between ₹21 and ₹23 per share. The stock is commanding a grey market premium of ₹9.25, indicating a potential listing premium of over 40%.
(Disclaimer: The content above is provided solely for informational purposes and should not be treated as investment advice. SmartInvestment advises readers to consult a qualified financial advisor before making any investment or money-related decisions.)