Stocks to Watch Today – January 29: L&T, Vedanta, Vodafone Idea, RVNL, HAL in Focus
Stocks to Watch Today: Indian equity markets are set for an active trading session on January 29 as several companies remain in focus following Q3 earnings announcements, corporate actions, fundraising plans, acquisitions, rating upgrades, and major project wins. Performance across sectors remained mixed, with some firms reporting strong revenue growth despite margin pressures, while others delivered robust profit expansion driven by operational efficiencies.
Key Gainers on Radar
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Cochin Shipyard Ltd: +6.55%
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GE Vernova T&D India Ltd: +6.38%
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Gland Pharma Ltd: +0.82%
Q3 Earnings Snapshot
| Company | Q3 Profit | YoY Change | Q3 Revenue / NII | YoY Change |
|---|---|---|---|---|
| Balkrishna Industries | ₹382.15 cr | −15% | ₹2,736.8 cr | +6.9% |
| Birlasoft | ₹119.9 cr | +2.5% | ₹1,347.5 cr | −1.1% |
| Cochin Shipyard | ₹144.7 cr | −18.3% | ₹1,350.4 cr | +17.7% |
| GE Vernova T&D India | ₹290.8 cr | +103.8% | ₹1,700.6 cr | +58.4% |
| Gland Pharma | ₹261.5 cr | +27.7% | ₹1,695.4 cr | +22.5% |
| GPT Infraprojects | ₹20.15 cr | −5.9% | ₹283.9 cr | +2.1% |
| Larsen & Toubro | ₹3,215 cr | −4% | ₹71,450 cr | +10% |
| Lodha Developers | ₹956.9 cr | +1.3% | ₹4,672.5 cr | +14.4% |
| M&M Financial Services | ₹810.4 cr | −9.9% | NII ₹2,304.5 cr | +20.6% |
| NSDL | ₹89.6 cr | +4.4% | ₹359.6 cr | −0.8% |
| SBI Cards | ₹556.6 cr | +45.2% | ₹5,127.3 cr | +11% |
| Symphony | ₹20 cr | Turnaround | ₹179 cr | −7.3% |
Corporate Developments to Track
Vedanta / Hindustan Zinc
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Update: OFS oversubscription exercised
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Details: Vedanta has exercised the oversubscription option for 1.4 crore shares in addition to the base offer of 3.35 crore shares in Hindustan Zinc.
Vodafone Idea
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Update: Capex roadmap announced
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Details: The telecom operator plans to invest ₹45,000 crore over the next three years to revive growth, according to senior management.
State Bank of India
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Update: Overseas fundraise
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Details: SBI raised USD 250 million (≈₹2,250 crore) through 12-month unsecured bonds at a spread of 50 bps over SOFR.
TVS Supply Chain Solutions
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Update: Strategic acquisition
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Details: Its subsidiary, 3PL Warehousing Pvt Ltd, acquired Swamy and Sons 3PL for ₹88 crore to strengthen FMCG logistics.
Biocon
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Update: Credit rating upgrade
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Details: S&P Global Ratings upgraded Biocon Biologics, citing lower structured debt and improved financial flexibility.
Hindustan Aeronautics Ltd (HAL)
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Update: Aircraft manufacturing plans
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Details: HAL aims to begin rolling out semi-knockdown SuperJet 100 aircraft at existing facilities within the next three years.
Rail Vikas Nigam Ltd (RVNL)
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Update: Project win
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Details: The RVNL–GPT JV emerged as the lowest bidder for a ₹1,201.35-crore Northern Railway project.
Wipro
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Update: Technology partnership
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Details: Wipro partnered with Factory, an agent-native software development platform, to accelerate enterprise adoption of AI-driven engineering workflows.
Bottom Line: With earnings momentum, strategic investments, and infrastructure project wins driving sentiment, these stocks are expected to remain in focus throughout today’s trading session.
(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.)