Gift Nifty Morning news

Stocks in Focus : Thursday, 22 January

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GIFT Nifty Opening Update

GIFT Nifty opened today at 25,310.00. It is up 156.50 points (0.62%) from yesterday’s close of 25,175.50— so the trend is positive.

The domestic equity market is anticipated to commence with a gap-up opening on Thursday, January 22. The GIFT NIFTY futures indicate an anticipated opening for the NIFTY50 index at 165 points above its previous close. More than 50 companies are set to announce their Q3 results on Thursday, January 22. The list comprises entities including Interglobe Aviation, COFORGE, Cyient, Mphasis, DLF, Indian Bank, Adani Total Gas, Adani Green Energy, Premier Energies, Radico Khaitan, Zensar Technologies, Zee Entertainment Enterprises, and V-Mart Retail, among others.

Equities to Monitor:

  • Dr Reddy’s Laboratories reported a 14% year-on-year decline in consolidated profit after tax, totaling Rs 1,210 crore for the third quarter ending December 2025, primarily due to reduced sales in the US market. The Hyderabad-based pharmaceutical company reported a profit after tax (PAT) of Rs 1,413 crore for the October-December quarter of the previous fiscal year. The drugmaker reported a revenue increase to Rs 8,727 crore for the period under review, compared to Rs 8,357 crore recorded in the third quarter of the previous fiscal year, according to a statement. “Our growth in Q3FY26 was supported by continued momentum in our branded businesses, aided by favorable forex, thus offsetting the impact of lower lenalidomide sales,” G V Prasad stated.
  • Eternal on Wednesday reported a 72.88% increase in consolidated net profit, reaching Rs 102 crore for the December quarter of FY26, fueled by strong revenue growth from its quick commerce operations. In the same period last year, the company reported a profit of Rs 59 crore. The board of the company has also sanctioned the resignation of Deepinder Goyal from his roles as Director, MD & CEO, effective February 1. Additionally, they have recommended his appointment as Vice Chairman & Director on the board for a term of five years. The board has sanctioned the appointment of Albinder Singh Dhindsa, who is presently serving as Blinkit’s CEO, to take on the role of Chief Executive Officer at Eternal starting February 1, according to a regulatory filing.
  • Jindal Stainless Steel reported a 26% year-on-year increase in consolidated net profit, reaching Rs 828 crore for the December quarter of FY26, attributed to higher sales performance. The company reported that it has successfully sustained a steady momentum in the domestic market, supported by ongoing demand from essential sectors including automotive, ornamental pipes and tubes, railways & metro, and white goods. Jindal Stainless Ltd (JSL) noted that an increasing emphasis on infrastructure expansion, effective vertical transportation, and enhanced transit networks played a significant role in the growth. Consolidated net revenue reached Rs 10,518 crore, reflecting a year-on-year increase of 6.2%. In the third quarter of FY26, EBITDA experienced an increase of 16.6%, reaching Rs 1,408 crore.
  • Bank of India on Wednesday announced a 7% increase in net profit for the December quarter, reaching Rs 2,705 crore, driven by an uptick in non-core income. The bank’s core net interest income increased by 6% year-on-year, reaching Rs 6,461 crore in the reporting quarter, driven by a 14% growth in advances, despite a compression in the net interest margin from 2.80% to 2.57%. The managing director and chief executive, Rajneesh Karnatak, indicated that BoI aims to sustain loan growth at 13-14% in FY26, while acknowledging that the NIMs will face challenges as the full effect of RBI’s 1.25% rate cut is realized on its loan portfolio. Karnatak indicated that the bank intends to sustain the NIMs and plans to conclude FY26 with a 2.60% NIM.
  • RBL Bank acquired nearly a 1% stake in itself from BNP Paribas Financial Markets for approximately Rs 178 crore via an open market transaction. BofA Securities, operating through its subsidiary BofA Securities Europe SA, acquired 60 lakh shares, representing a 0.97% stake in RBL Bank, according to the block deal data reported on the BSE. The shares were purchased at an average cost of Rs 296 each, resulting in a total transaction value of Rs 177.60 crore. In the interim, BNP Paribas Financial Markets acquired an equivalent quantity of shares at the identical price point. The stock of RBL Bank increased by 1.31%, closing at Rs 297.55 per share on the BSE.
  • KEI Industries reported a 19.51% year-over-year increase in revenue for Q3 FY26, with the EBITDA margin rising to 11.98% compared to 10.29% in the same quarter last year. PAT margin increased to 7.95% compared to 6.67% year-over-year.
  • Senco Gold announced on Wednesday that its board has sanctioned an investment to obtain a 68% equity stake in August Jewellery Private Limited (AJPL), the parent company of the fast-fashion jewellery brand Melorra, for a cash consideration of Rs 68 crore. The acquisition cost exceeds two times August Jewellery’s FY25 turnover, which is approximately Rs 33 crore. The acquisition will proceed via a primary investment, after which AJPL will be established as a subsidiary of Senco Gold, as stated in a filing to stock exchanges. AJPL disclosed a turnover of Rs 33.24 crore for FY25. Senco has not provided information regarding the profit or loss it experienced in the previous fiscal year.
  • DCM Shriram reported a 19% decline in consolidated net profit, amounting to Rs 212.11 crore for the December quarter, attributed to a one-time exceptional charge of Rs 55 crore related to the new labour codes. The organization reported a net profit of Rs 262.14 crore in the corresponding period last year, as stated in a regulatory filing. “The company reported a 19% decline in PAT for Q3FY26, attributed to a one-time exceptional charge of Rs 55 crore related to the new labour codes,” the company stated. Total income increased to Rs 4,031.99 crore in the October-December quarter of the 2025-26 fiscal year, compared to Rs 3,559.98 crore in the same period the previous year.
  • Hindustan Petroleum Corporation Ltd on Wednesday announced a 35% increase in net profit for the December quarter, attributed to a rise in refining margins. The standalone net profit for the October-December period, which marks the third quarter of the 2025-26 fiscal year, stands at Rs 4,072.49 crore. This reflects an increase from Rs 3,022.90 crore reported in the corresponding period of the previous year, as per the company statement and stock exchange filing. Revenue from operations increased to Rs 1.24 lakh crore, up from Rs 1.19 lakh crore.
  • Anant Raj announced a 31% rise in consolidated net profit, reaching Rs 144.23 crore for the December quarter, driven by improved income performance. The net profit was recorded at Rs 110.37 crore in the corresponding period of the previous year. The total income of the company increased to Rs 660.38 crore in the October-December period, up from Rs 543.97 crore during the same period last year, as reported in a regulatory filing.
  • PNB Housing Finance on Wednesday announced a nearly 8% rise in net profit, reaching Rs 520.35 crore for the December quarter. The non-banking financial company reported a net profit of Rs 483.3 crore for the corresponding quarter of the previous fiscal year. Interest income increased to Rs 2,019.39 crore in the quarter under review, up from Rs 1,848 crore.
  • UTI Asset Management Company announced a 20% year-on-year decrease in consolidated profit after tax (PAT), reporting Rs 121 crore for the December quarter. The organization reported a PAT of Rs 151 crore in the same quarter of the prior fiscal year. On a normalised basis, excluding exceptional items, the PAT increased by 43% year-on-year, reaching Rs 216 crore. Total income rose by 23% year-on-year to Rs 518 crore in the quarter under review, compared to Rs 420 crore recorded in the same period last year.
  • Bajaj Consumer Care announced an 83% rise in consolidated net profit, reaching Rs 46.37 crore for the December quarter of FY26. The organization reported a net profit of Rs 25.31 crore in the previous year. Revenue from operations reached Rs 306.09 crore, reflecting a year-on-year increase of 30.57%.
  • Dalmia Bharat on Wednesday announced a consolidated net profit of Rs 128 crore for the December quarter of FY26, reflecting a significant increase of 94%. Revenue from operations increased by 10.2% year-on-year, reaching Rs 3,506 crore.
  • Piccadilly Agro Industries announced a significant increase in net profit, reaching Rs 47.61 crore for the December quarter of FY26, marking a two-fold rise. Gross sales increased by 53.3%, reaching Rs 312.71 crore.
  • Canara HSBC Life announced a nearly 6% decline in net profit, reporting Rs 27.65 crore for the quarter ending December 2025. Total income increased to Rs 4,272.53 crore.
  • Tata Communications reported a 55% increase in consolidated net profit, reaching Rs 365.28 crore for the December quarter of FY26.