GIFT Nifty now

Stocks in Focus : Wednesday, 21 January

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GIFT Nifty Opening Update

GIFT Nifty opened today at 25,218.00. It is up 21.50 points (0.09%) from yesterday’s close of 25,255.00— so the trend is positive.

The Indian equity benchmarks are poised for a flat opening on Wednesday, January 21, as suggested by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad decreased by 12 points to 25,271, reflecting mixed signals from Asian markets. The Indian equity benchmarks experienced a significant decline on Tuesday. The NIFTY50 index experienced its most significant decline in over nine months, falling by as much as 414 points or 1.6%, reaching an intraday low of 25,171. Meanwhile, the 30-share SENSEX saw a steep drop of 1,236 points, hitting an intraday low of 82,010.58. This downturn was driven by escalating geopolitical tensions globally, which unsettled investor sentiment towards risk assets such as equities, while precious metals like gold and silver soared to unprecedented levels.

The SENSEX experienced a decline of 1,066 points, closing at 82,180, while the NIFTY50 index dropped by 353 points, finishing at 25,232, marking its lowest level since October 13, 2024, according to data from the NSE.

Today, more than 50 companies are set to disclose their financial results for the December quarter. The list comprises entities including Dr Reddy’s Laboratories, Eternal, Waaree Energies, HPCL, Bank of India, Oracle Financial Services, PNB Housing Finance, Supreme Industries, KPI Green Energy, Anant Raj, Vardhman Textiles, and Tata Communications.

Equities to Monitor:

  • Restaurant Brands Asia Ltd announced that it has entered into definitive agreements under which Inspira Global will acquire a controlling interest in RBA, pending the necessary approvals. The proposed transaction signifies the total divestment of QSR Asia Pte. Ltd., aligning with its strategic investment timeline. The transaction will be carried out, among other means, via Lenexis Foodworks Private Limited, which serves as Inspira Global’s food and beverage division. In addition to acquiring the entire 11.26% shareholding of QSR Asia Pte. Ltd. for nearly Rs 460 crore, Inspira Global proposes to infuse around Rs 900 crore through a preferential allotment of equity shares and around Rs 600 crore through the preferential allotment of warrants. The company stated that these transactions will initiate an open offer to public shareholders of RBA.
  • JSW Energy has entered into a Power Purchase Agreement (“PPA”) with West Bengal State Electricity Distribution Company Limited (“WBSEDCL”) for a greenfield 1,600 MW (2 x 800 MW) super/ultra super critical thermal power plant, which is set to be commissioned in Salboni, West Bengal, within a timeframe of six years.
  • Aditya Birla Lifestyle Brands – Fidelity Investments divested a 1.94% stake in Aditya Birla Lifestyle Brands on Tuesday, generating approximately Rs 261 crore via an open market transaction. Fidelity Investments, via its Fidelity Securities Fund and Fidelity Blue Chip Growth Fund, divested 2,36,97,487 shares, equating to a 1.94% stake in Aditya Birla Lifestyle Brands Ltd (ABLBL), according to the bulk deal data on the BSE. The shares were sold at an average price of Rs 110 each, resulting in a total deal value of Rs 260.67 crore. The identities of the purchasers of ABLBL’s shares remain unverified on the exchange.
  • Rallis India on Tuesday reported a significant year-on-year decline of over 80% in its profit after tax, amounting to Rs 2 crore for the quarter ending December 2025. The company’s PAT (profit after tax) was recorded at Rs 11 crore for the same period in the prior fiscal year. In a regulatory filing, Rallis India reported that the quarter encompassed exceptional items, specifically the additional gratuity provision due to the implementation of the Wage Code. In the third quarter of FY26, the company achieved a revenue increase of 19%, reaching Rs 623 crore, up from Rs 522 crore in the corresponding period last year, largely fueled by robust volume growth across its various business segments.
  • HDFC Bank announced that the Reserve Bank of India has granted approval for the appointment of Kaizad Bharucha as a whole-time director on the bank’s board.
  • Coal India announced that it has obtained a mineral concession licence from the Ministry of Mines for the Kawalapur rare earth element (REE) block located in Maharashtra. The miner is set to obtain a licence for the block, valid for a five-year duration, as communicated to the stock exchanges by the company. The advancement is viewed as a significant move in the miner’s efforts to diversify within the strategic critical mineral sector.
  • Unimech Aerospace revealed a joint venture with the Gulf-based Yusuf Bin Ahmed Kanoo Company Ltd (“YBA Kanoo”). The joint venture will be formed with Unimech possessing a controlling 51% stake and YBA Kanoo holding 49%. It will operate under the name “YBAK Unimech Advanced Manufacturing Solutions.” Unimech operates as an Indian precision engineering and manufacturing entity, focusing on high-precision components and advanced machining solutions tailored for the aerospace, defence, and industrial sectors.
  • United Spirits on Tuesday announced a 24.77% increase in its consolidated net profit, reaching Rs 418 crore for the December quarter of FY26. According to a regulatory filing by United Spirits Ltd (USL), the company reported a net profit of Rs 335 crore for the October-December quarter last year. The revenue from operations increased by 2.71% to Rs 7,942 crore in the December quarter being analyzed. The figure stood at Rs 7,732 crore during the same period of the prior fiscal year. USL’s total expenses amounted to Rs 7,442 crore, reflecting an increase of 2.56% in the December quarter.
  • Tribhovandas Bhimji Zaveri Ltd on Tuesday reported a significant increase in consolidated net profit, rising over two-fold to Rs 80.63 crore for the third quarter of the 2025–26 fiscal year, driven by robust sales performance. Net profit was recorded at Rs 29.87 crore in the corresponding quarter of the prior fiscal year. Total income increased by 14.51% to Rs 1,063.47 crore for the period of October to December in FY26, compared to Rs 928.66 crore from the same quarter last year. Expenses stood at Rs 954.97 crore compared to Rs 887.07 crore.
  • PTC India Financial Services reported a standalone net profit of Rs 49.09 crore for the December quarter, reflecting a decline of approximately 27%, primarily attributed to a decrease in interest income. The company reported a net profit of Rs 67.14 crore for the October-December FY25 period. Total income decreased to Rs 125.04 crore compared to Rs 158.12 crore in the same quarter last year. Income from interest reduced to Rs 110.06 crore from Rs 156.70 crore.
  • Shoppers Stop on Tuesday reported a decline of 69.13% in its consolidated net profit, amounting to Rs 16.12 crore for the December quarter of FY26. The company attributed this downturn to factors including a shift in the festival period and uneven consumption trends. The retail firm reported a net profit of Rs 52.23 crore for the October-December period last year. The revenue from operations experienced a slight increase of 2.63%, reaching Rs 1,415.82 crore in the December quarter, compared to Rs 1,379.47 crore one year prior.
  • Ujaas Energy on Tuesday reported a significant decline in its net profit for the December quarter, which fell to Rs 15 lakh from Rs 3.93 crore in the same period last year, primarily attributed to reduced revenues. Revenue from operations decreased to Rs 3.48 crore in the quarter ending December 31, 2025, down from Rs 8.16 crore in the same period last year.
  • Cipla announced on Tuesday that it has partnered with Immunoadoptive Cell Therapy to commercialize talicabtagene autoleucel, an indigenously developed CAR-T cell therapy, in the Republic of South Africa, Algeria, and Morocco. Via its subsidiary Medpro Pharmaceutica, Cipla has established an exclusive license and supply agreement with ImmunoACT, under which ImmunoACT will manufacture the product while Cipla will handle commercialization.
  • Indiamart Intermesh on Tuesday announced a consolidated net profit increase of 55.62%, reaching Rs 188.31 crore for the December quarter of FY26. The company reported a net profit of Rs 121 crore for the October-December period last year. Revenue from operations increased by 13.35% to Rs 401.6 crore in the December quarter, compared to Rs 354.27 crore during the same period last year.
  • Jammu and Kashmir Bank on Tuesday reported strong financial results for the October–December quarter of FY26, showing a 10.4% increase in net profit year-over-year and an 18.7% rise compared to the previous quarter. Net profit increased to Rs 586.73 crore from Rs 531.51 crore reported in the same period last year.
  • Groww unveiled the pilot launch of Groww Prime, an opt-in feature aimed at enhancing mutual fund investment management through advanced insights, 24×7 chat support, and personalized guidance.
  • Persistent Systems reported a consolidated net profit of Rs 439.45 crore for the December quarter, reflecting a 17.81% increase year-on-year. Revenue from operations rose 23.37% to Rs 3,778.20 crore. The company also reported a one-time impact of Rs 89 crore due to new labour codes.
  • Apollo Micro Systems announced an investment of Rs 300 crore to establish a manufacturing facility in Telangana, acquiring land at TSIIC Hardware Park Phase II, Hyderabad, for defence and electronics manufacturing.
  • AU Small Finance Bank reported a 26% increase in profit after tax to Rs 668 crore for the third quarter ended December 2025. Total income rose 16% to Rs 3,065 crore.
  • Vikram Solar reported a fivefold rise in consolidated net profit to Rs 98 crore in the December quarter, driven by higher revenues, with revenue from operations rising to Rs 1,106 crore. The company reported an order book of 10.6 GW as of December 31, 2025.