Stocks to Watch Today – January 19: RIL, ICICI Bank, Wipro, Vedanta, RVNL in Focus
Indian stock markets are expected to witness stock-specific action today, January 19, as several companies announced December-quarter earnings, major corporate developments, and IPO-related updates. Banking, IT, infrastructure, and FMCG-linked stocks are likely to remain in focus.
Key Q3 Earnings Highlights
Reliance Industries Ltd (RIL)
Reliance Industries reported a strong Q3 performance, driven by its Digital Services and Oil-to-Chemicals (O2C) businesses. The company posted a consolidated net profit of ₹18,645 crore, with revenue rising to ₹2.65 lakh crore. EBITDA for the quarter stood at ₹46,018 crore.
Wipro Ltd
Wipro’s IT revenue increased 3.3% quarter-on-quarter to ₹23,378 crore. IT EBIT rose 8.8% to ₹4,115 crore, with margins improving to 17.6%. The company guided for 0–2% constant-currency growth in Q4 and announced an interim dividend of ₹6 per share.
ICICI Bank Ltd
ICICI Bank reported a marginal 2.68% decline in consolidated net profit at ₹12,537.98 crore for the December quarter, reflecting stable but slightly subdued performance.
IDBI Bank Ltd
IDBI Bank’s Q3 net profit remained largely flat at ₹1,935 crore, indicating steady operational performance year-on-year.
Punjab & Sind Bank
The public-sector lender reported a 19% rise in net profit to ₹336 crore, supported by a decline in non-performing assets.
UCO Bank
UCO Bank posted a 16% jump in net profit to ₹740 crore, aided by improved core income and reduced bad loans.
YES Bank
YES Bank delivered a strong performance with 55% growth in net profit to ₹952 crore, mainly due to sharply lower provisions.
RBL Bank
RBL Bank reported a significant 555% surge in net profit to ₹214 crore, driven by reduced provisioning expenses.
JK Cement Ltd
JK Cement’s consolidated profit declined 8.56% to ₹173.61 crore, reflecting margin pressures during the quarter.
Himadri Speciality Chemicals
The company reported a 36% year-on-year increase in profit to ₹192 crore, supported by higher revenues and clean energy-linked demand.
Corporate Developments to Track
Rail Vikas Nigam Ltd (RVNL)
RVNL emerged as the lowest bidder for a ₹87.55 crore South Eastern Railway project involving installation of IP-based video surveillance systems in LHB coaches.
Reliance Industries – FMCG Expansion
Reliance Consumer Products acquired global rights for brands including Brylcreem, Toni & Guy, and Badedas, strengthening its footprint in personal care and beauty segments.
Vedanta Ltd
Vedanta disclosed that its subsidiary ESL Steel received demand notices worth ₹1,255.37 crore from the Odisha government related to alleged production shortfalls at mining leases.
CG Power and Industrial Solutions
CG Power secured a ₹900 crore order from the US for supplying power transformers for a large data centre project.
AU Small Finance Bank
The bank partnered with the Institute of Company Secretaries of India (ICSI) to offer customised banking and credit card solutions to company secretaries across the country.
UCO Bank – SEBI Extension
UCO Bank plans to seek an extension from SEBI to meet minimum public shareholding norms, as government stake dilution may not be completed by the August 2026 deadline.
IPOs in Focus
Bharat Coking Coal IPO
Coal India subsidiary Bharat Coking Coal is scheduled to list today. The ₹1,071.11 crore issue saw nearly 145x subscription, with listing estimates suggesting a premium of around 59%.
Amagi Media Labs IPO
Allotment for Amagi Media Labs is expected today. The IPO received over 30x subscription, indicating moderate listing gains.
Shadowfax Technologies IPO
The ₹1,907.27 crore IPO of Shadowfax Technologies opens for subscription tomorrow. The issue includes both a fresh issue and an offer for sale, with early market signals remaining positive.
(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.)