🇮🇳 India Daybook ~ Stocks in News
Published: 2026-01-16 08:15 IST | Category: Markets | Author: Abhi
Positive Buzz
- Infosys: The IT giant is in the spotlight after raising its full-year revenue growth guidance to 3%-3.5% (from 2%-3%). Its US-listed ADRs surged over 10% overnight, signaling a strong reaction to steady discretionary tech spending and momentum in financial services.
- Union Bank of India: Reported a healthy Q3 performance with a 9% YoY rise in net profit to ₹50.17 billion. Asset quality showed significant improvement as Gross NPA fell to 3.06% compared to 4.83% in the previous year.
- Godrej Properties: The developer maintained its lead in the residential space, reporting a 19% YoY growth in booking value to ₹34,171 crore for the nine-month period ending December 2025.
- Biocon: Successfully raised ₹4,150 crore through a Qualified Institutional Placement (QIP), issuing 11.26 crore equity shares to institutional investors.
- Ola Electric: Announced the commercial availability of its "Bharat Cell" technology and the "Ola Shakti" home battery system, with deliveries scheduled to commence by the end of January.
- Paint, Aviation, and Tyre Stocks: These sectors are expected to see positive sentiment following a nearly 4% drop in global crude oil prices, which reduces input costs for these industries.
Neutral Developments
- Q3 Earnings Heavyweight Friday: A massive lineup of companies will report their December quarter results today, including Reliance Industries (RIL), Wipro, Tech Mahindra, Polycab India, Federal Bank, Tata Technologies, JSW Infrastructure, and Central Bank of India.
- DB Corp: Reported a mixed Q3 with revenue down 4% YoY at ₹6,293 crore and net profit down 19%, but the board declared a second interim dividend of ₹2 per share.
- Corporate Actions: Trading activity may increase in Kotak Mahindra Bank and Ajmera Realty due to upcoming stock splits, while Authum Investment and Best Agrolife are in focus for bonus issues.
Negative News
- Jio Financial Services: Reported a 8.8% YoY decline in consolidated net profit to ₹269 crore for the December quarter, despite a significant jump in total income.
- L&T Technology Services (LTTS): The company saw its Q3 net profit slip nearly 8% sequentially to ₹302.60 crore, weighed down by an exceptional loss of ₹35.40 crore.
- FII Outflows: Foreign Institutional Investors remain net sellers in the Indian market, offloading shares worth over ₹4,781 crore in the last session, bringing the total January sell-off to over $2.1 billion.
TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex
Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex