Stocks to Watch Today (January 12): Vedanta, Adani Ports, NTPC, ITC, IREDA in Focus
Stocks to Watch Today: Several stocks are expected to remain active in today’s trading session, January 12, following the announcement of December-quarter results, major corporate actions, investment plans, leadership changes, and IPO updates. Companies across sectors such as real estate, power, infrastructure, FMCG, telecom, and finance are likely to attract investor attention.
Below is a company-wise snapshot of key developments shaping today’s market action.
Quarterly Earnings Highlights
Signature Global India:
The real estate developer reported a 27% year-on-year decline in sales bookings to ₹2,020 crore in the December quarter, despite healthy housing demand during the festive season.
Avenue Supermarts (DMart):
The retailer posted an 18.28% rise in consolidated net profit at ₹855.78 crore for Q3 FY26, driven by steady revenue growth and operational efficiency.
IREDA:
State-owned Indian Renewable Energy Development Agency recorded a 37% increase in standalone net profit at ₹585 crore for the December quarter, supported by higher interest income.
Tejas Networks:
The telecom equipment maker reported a consolidated loss of ₹196.55 crore in Q3, marking its second straight quarterly loss amid weak sales and delayed orders from BSNL.
Elecon Engineering:
The company’s consolidated net profit declined nearly 33% to ₹71.99 crore due to elevated operating costs during the quarter.
Transformers and Rectifiers (India):
The firm posted a strong 37% jump in consolidated net profit to ₹76 crore in Q3, aided by robust revenue growth.
Key Corporate Developments
Vedanta:
The Mumbai bench of the National Company Law Tribunal approved Vedanta Group’s restructuring scheme involving multiple group entities, a key step in the company’s long-term reorganisation plans.
Adani Ports and SEZ:
Managing Director Karan Adani announced plans to invest ₹1.5 lakh crore in Gujarat’s Kutch region over the next five years, reinforcing the group’s infrastructure expansion strategy.
NTPC:
The power major plans to set up a coal-to-synthetic natural gas project in Chhattisgarh with an estimated investment of around ₹10,000 crore.
Lodha Developers:
The company expanded its land bank by acquiring five parcels across Mumbai, Delhi-NCR, and Bengaluru, with an estimated gross development value of nearly ₹34,000 crore.
LG Electronics:
Andhra Pradesh IT Minister Nara Lokesh confirmed rapid progress on LG Electronics’ ₹5,000 crore manufacturing facility at Sri City.
Crest Ventures:
The company partnered with Vensco Projects to develop a Mumbai-based real estate project expected to generate revenues of about ₹1,850 crore.
ITC:
ITC received a Letter of Allotment for leasehold land at the India International Convention and Expo Centre in New Delhi, valued at ₹326.50 crore, strengthening its hospitality footprint.
Prestige Estates Projects:
The company’s joint venture agreed to acquire 16.38 acres of land in Chennai’s Padi area for ₹561 crore to develop a new real estate project.
ONGC:
Oil and Natural Gas Corporation successfully capped its Mori-5 well in Andhra Pradesh within five days, achieving well control in record time.
Akzo Nobel India:
The company announced the appointment of Parth Jindal as its new Chairman, effective immediately.
Shriram Finance:
Moody’s Ratings reaffirmed Shriram Finance’s Ba1 long-term rating and revised its outlook to positive from stable.
IPO Watch
Bharat Coking Coal IPO:
The ₹1,071.11 crore initial public offering entered its second day with strong demand, crossing eight times subscription on day one. The issue is priced between ₹21 and ₹23 per share. The grey market premium of ₹10.6 suggests a potential listing gain of over 46%.
(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.)