Stocks to Watch Today, January 23: IndiGo, ONGC, NTPC Green, DLF, Bandhan Bank in Focus

Indian equity markets are expected to witness heightened stock-specific action on Thursday, January 23, as several companies remain in focus following quarterly earnings announcements and key corporate developments. Stocks across sectors such as aviation, banking, energy, real estate, technology, and infrastructure are likely to react to mixed Q3 results, fresh orders, joint ventures, and strategic partnerships.

From sharp profit declines and steady revenue growth to turnaround performances, investors will closely track counters including IndiGo, Bandhan Bank, ONGC, NTPC Green Energy, and DLF, among others.

Key Stocks in Focus Today

• Bandhan Bank

• NTPC

• DLF

• IndiGo (InterGlobe Aviation)

• ONGC

• NTPC Green Energy

Q3 Earnings Snapshot

InterGlobe Aviation (IndiGo)

IndiGo reported a steep decline in net profit at ₹549.1 crore for Q3, compared with ₹2,448 crore in the year-ago period, reflecting a sharp year-on-year drop. However, revenue from operations increased 6.2 percent to ₹23,471.9 crore, supported by steady passenger demand.

Bandhan Bank

Bandhan Bank posted a net profit of ₹205.6 crore, down 51.8 percent year-on-year. Net interest income declined 4.5 percent to ₹2,688.3 crore, weighed down by asset quality pressures.

Premier Energies

Premier Energies delivered a strong performance, with profit rising 53.5 percent to ₹391.7 crore. Revenue increased 13 percent to ₹1,936.5 crore, driven by healthy execution and demand.

Tanla Platforms

Tanla Platforms reported a 10.8 percent rise in profit at ₹131.4 crore, while revenue grew 12 percent year-on-year to ₹1,121 crore, indicating stable growth momentum.

Syngene International

Syngene saw a sharp fall in profitability, with net profit plunging 88.6 percent to ₹15 crore. Revenue declined marginally by 3 percent to ₹914.7 crore.

Suryoday Small Finance Bank

Suryoday SFB posted a 9.8 percent increase in net profit at ₹36.6 crore. Net interest income rose 3.2 percent to ₹276.8 crore.

Gujarat State Petronet

The company reported a 9.7 percent rise in profit at ₹256.8 crore, although revenue declined 9.9 percent to ₹4,091.7 crore.

Bluestone Jewellery & Lifestyle

Bluestone turned profitable, reporting a net profit of ₹69 crore compared with a loss in the year-ago quarter. Revenue surged 27.5 percent to ₹748.6 crore.

Go Digit General Insurance

Go Digit posted an 18.2 percent increase in net profit at ₹140.1 crore. Gross written premium grew 8.7 percent to ₹2,909.2 crore.

Adani Total Gas

Adani Total Gas reported an 11.4 percent rise in profit at ₹158.7 crore, while revenue increased 17 percent year-on-year to ₹1,639.2 crore.

DLF

Realty major DLF posted a 13.7 percent increase in net profit at ₹1,203.4 crore. Revenue surged 32.2 percent to ₹2,020.2 crore, aided by strong residential sales.

Le Travenues Technology

Le Travenues Technology reported a strong 56.3 percent jump in profit at ₹24.3 crore, with revenue rising 31.4 percent to ₹317.6 crore.

Cyient

Cyient reported a 25 percent decline in profit at ₹91.8 crore, while revenue slipped 4 percent to ₹1,848.5 crore.

Key Corporate Developments

ONGC

ONGC has completed its equity investment in two joint ventures with Japan’s Mitsui OSK Lines. Following the transaction, ONGC now holds a 50 percent stake in Bharat Ethane One IFSC and Bharat Ethane Two IFSC.

Ashoka Buildcon

Ashoka Buildcon received a Letter of Acceptance for a ₹307.71 crore project from the Public Works Department, Daman, boosting its order book.

NTPC Green Energy

NTPC Green Energy signed a Memorandum of Understanding with the Government of Uttar Pradesh to develop renewable energy and green hydrogen projects in the state.

IndiGo

IndiGo has initiated a comprehensive review of its internal systems and operational processes after facing major disruptions last month, according to CEO Pieter Elbers.

TVS Holdings

TVS Holdings announced that its real estate arm, TVS Emerald, has raised ₹425 crore in equity funding from the International Finance Corporation to support upcoming housing projects.

(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.)