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Trendlyne Marketwatch
12 Jan 2026, 12:31PM
Market trades lower, Maruti Suzuki’s board approves a Rs 4,960 crore capex for capacity expansion
By Trendlyne Analysis

Nifty 50 opens in the red after losing over 14 points in the pre-opening. On Friday, Indian indices closed lower after extending losses in the afternoon session. FIIs sold shares worth Rs 3,769.3 crore, while DIIs bought shares worth Rs 5,595.8 crore.

Nifty Midcap 100 & Nifty Smallcap 100 open lower, following the benchmark index. Nifty Metal and BSE Oil & Gas open higher. Investors await for the Q3FY26 results for companies such as HCL Technologies and TCS.

Major US indices closed in the green on Friday, while European indices closed higher. Asian indices are trading mixed. US stock futures fell amid uncertainty over the Federal Reserve’s independence after Chair Jerome Powell said the central bank faced a politically motivated criminal probe tied to his testimony on a headquarters renovation, as pressure from the Trump administration to cut interest rates continued.

  • Tanfac Industries is rising sharply as it secures an order worth Rs 337.5 crore per annum from a Japanese customer to supply fluorinated chemicals over the next seven years. Total value of the contract is Rs 2,362 crore.

  • Globus Spirits' Q3FY26 net profit surges to Rs 30.7 crore compared to Rs 55.4 lakh in Q3FY25, supported by lower excise duty and finance costs. Revenue jumps 6.3% YoY to Rs 941.1 crore, led by an improvement in the manufacturing segment. It appears in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Radhakishan Damani cuts stake in Mangalam Organics to below 1% in Q3FY26. He held a 2.2% stake in the company in Q2FY26.

  • Vinay Rustagi, Chief Business Officer at Premier Energies, says the company plans to more than double its annual cell and module manufacturing capacity to 10.6 GW and 11.1 GW, respectively, under its Rs 11,000-crore expansion to meet domestic demand. He adds that Premier Energies is also exploring ingot and wafer manufacturing as it aims to become one of the world’s largest integrated renewable energy equipment makers.

  • Maruti Suzuki’s board approves an investment of Rs 4,960 crore to acquire land in Gujarat for capacity expansion. The land at Khoraj Industrial Estate will support a proposed addition of up to 10 lakh vehicles annually.

  • Indian Renewable Energy Development Agency is rising sharply as its Q3FY26 net profit jumps 37.6% YoY to Rs 585.2 crore, helped by a reduction in provisions. Revenue grows 26% to Rs 2,319.9 crore during the quarter. It features in a screener of stocks with increasing revenue over the past four quarters.

  • Tejas Networks plunges to its 52-week low of Rs 381.5 as it posts a net loss of Rs 196.6 crore in Q3FY26 compared to a net profit of Rs 165.7 crore a year ago, due to higher finance costs. Revenue declines 88.2% YoY to Rs 314.3 crore, caused by delays in orders from BSNL. It shows up in a screener of stocks with the lowest momentum scores.

  • BofA Securities initiates coverage on Meesho with a 'Neutral' rating and a target price of Rs 190. The brokerage believes the company is well positioned to capture the value-driven mass market. It expects Meesho’s net merchandise value to grow at a 26% CAGR from FY26 to FY29, with adjusted EBITDA margins turning positive, improving from -3% in FY26 to +3% by FY29.

  • Chemplast Sanmar's board of directors appoints S Ganeshkumar as the Managing Director (MD) for three years, effective April 1.

  • Avenue Supermarts (D-Mart) is rising as its Q3FY26 net profit jumps 18.3% YoY to Rs 855.9 crore, helped by lower inventory expenses. Revenue grows 13.3% to Rs 18,117.8 crore, driven by new store additions. The company's board appoints Anshul Asawa as the Chief Executive Officer (CEO), effective February 1, and as the Managing Director (MD) for three years, effective April 1.

  • NIIT Learning Systems' subsidiary, NIIT (USA), acquires a 100% stake in SweetRush for $26 million (~Rs 234.6 crore).

  • Lemon Tree Hotels is rising sharply as its board of directors approves the divestment of its 41.1% stake in its subsidiary, Fleur Hotels, to Warburg Pinkus. Warburg Pincus will invest Rs 960 crore in Fleur Hotels.

  • Nifty 50 was trading at 25,611.05 (-72.3, -0.3%), BSE Sensex was trading at 83,435.31 (-140.9, -0.2%), while the broader Nifty 500 was trading at 23,386.40 (-81.0, -0.3%).

  • Market breadth is moving down. Of the 2,179 stocks traded today, 485 were on the uptrend, and 1,619 went down.

Riding High:

Largecap and midcap gainers today include Indian Renewable Energy Development Agency Ltd. (140.91, 3.2%), Waaree Energies Ltd. (2,622.50, 3.1%) and Avenue Supermarts Ltd. (3,896.70, 2.5%).

Downers:

Largecap and midcap losers today include Bharat Heavy Electricals Ltd. (261.85, -4.5%), Hitachi Energy India Ltd. (17,370, -2.9%) and United Breweries Ltd. (1,511.70, -2.3%).

BSE 500: highs, lows and moving averages

2 stocks took off, crossing 52 week highs, while 24 stocks hit their 52 week lows.

Stocks touching their year highs included - Phoenix Mills Ltd. (1,923, 1.0%) and Emcure Pharmaceuticals Ltd. (1,541.10, 0.0%).

Stocks making new 52 weeks lows included - ACC Ltd. (1,698.90, -0.3%) and BASF India Ltd. (3,711.40, -1.2%).

2 stocks climbed above their 200 day SMA including Lemon Tree Hotels Ltd. (153.94, 2.7%) and HDFC Life Insurance Company Ltd. (764.40, 1.9%). 18 stocks slipped below their 200 SMA including Hitachi Energy India Ltd. (17,370, -2.9%) and Coromandel International Ltd. (2,260.50, -2.1%).

 
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The Baseline
09 Jan 2026
Five Interesting Stocks Today - January 9, 2026
By Trendlyne Analysis

1. Tata Motors (TMCV):

Thiscommercial vehicle manufacturer rose 6.4% over two trading sessions after itsbusiness update on January 1. The company reported a sharp rise in December sales, which surged 25% YoY to 42,508 units and climbed nearly 20% from the previous month.

Managementsaid that growth was driven by stronger economic activity rather than temporary factors. MD and CEO Girish Wagh said sales momentum began with the GST 2.0 rollout and the festive season in Q2FY26, and continued into Q3FY26. He added that demand improved after the monsoon, as construction and mining activity picked up, alongside steady demand from core industries and the auto logistics sector.

Looking ahead, Waghsaid, “We expect demand to strengthen in Q4FY26 across most commercial vehicle segments.” He added that “the government’s sustained infrastructure push” should drive demand in 2026.

On November 12, 2025, TMCVlisted on the stock exchanges at a 26% premium following itsdemerger on 1st October fromTata Motors (now Tata Motors Passenger Vehicles). The demerger separates the fast-growing passenger vehicle and electric vehicle businesses from the more stable, cash-generating commercial vehicle (CV) business. The split allows investors to value the two businesses separately.

One keychallenge for TMCV remains the light commercial vehicle (LCV) goods segment, where market share has fallen from around 40% in FY22 to around 28% in H1FY26. Mahindra & Mahindra has expanded aggressively here in pickups and small commercial vehicles.

Facing pressure in the LCV segment, managementexpects a gradual market share recovery, supported by higher retail volumes, new launches, and the full pass-through of GST benefits to customers.

InCred Equities recentlyupgraded the stock to “Add” with a target of Rs 513. The brokerage highlighted improving CV demand, GST-driven cost efficiencies, easing interest rates, and stronger industrial activity as factors that could support small truck demand and help Tata Motors regain market share through FY28.

2. Divi's Laboratories:

This pharma company rose 4.3% last week after Citi set a price target of Rs 9,140, implying an upside of nearly 38%. Citi said 2026 could be an “inflection year” for the company, as growth starts picking up after a slower period. The stock has gained around 12% over the past year.

The brokerage expects Divi’s product pipeline to support growth over the next 12 months. This includes new GLP-1 products for obesity and diabetes that work in a similar way to popular weight-loss medicines such as Zepbound and semaglutide-based drugs, and are expected to be launched in 2026. The company’s ‘generics’ business (producing off-patent drugs) is also expected to bounce back as patents on several major global medicines expire.

Citi noted that quarterly profits may remain uneven due to the nature of Divi’s B2B business. However, the long-term outlook remains positive. The brokerage believes the company’s revenue and EBITDA could triple or even quadruple over FY26-30.

In Q2, Divi’s net profit and revenue beat Forecaster estimates by 15.3% and 4.4%, respectively. The generics segment, which accounts for about 44% of total revenue, continued to grow despite pricing pressure. The company managed this through backward integration, coupled with higher sales volume. Looking ahead, Trendlyne’s Forecaster expects Q4 net profit to rise 3.6% to Rs 615 crore, with revenue growth of 16%.

CEO Kiran Divi said, “We are facing pricing pressure in the generics business, but volumes are stable. Pricing is expected to stabilise over the next few quarters, with backward integration at the Kakinada unit helping manage costs.”

CEO Kiran Divi said, “We are facing pricing pressure in the generics business, but volumes are stable. Pricing is expected to stabilise over the next few quarters, with backward integration at the Kakinada unit (in Andhra Pradesh) helping manage costs.” He added that FY26 capex will be higher than the earlier guidance of Rs 2,000 crore, with Rs 1,550 crore already spent in H1FY26.

3. Hindalco Industries:

This aluminium company rose over 1% on January 6 after Geojit BNP Paribas upgraded its rating to 'Buy' with a target of Rs 1,034. The brokerage expects strong metal prices and rising domestic demand to support earnings in the coming months.

Geojit said the company is strengthening its downstream business by making finished aluminium and copper products, which earn better margins than raw metal. Higher use of recycled metal is also helping cut costs and reduce earnings swings. This strategy led to a 69% jump in downstream margins in Q2. Rising domestic demand, lower GST, and firm global metal prices further support growth.

Global aluminium and copper prices have risen sharply this year, reaching $2,979 per tonne and $12,466 per tonne, respectively. It’s worth noting here however, that metal prices tend to be volatile, and any pullback in a major market like China could force rapid downward moves. To protect margins amid price volatility, the company has locked in prices for 49% of its Q4FY26 aluminium sales at $2,760 per tonne.

In Q2FY26, Hindalco’s revenue rose 13.5% YoY, driven by its India aluminium business and US-based subsidiary Novelis (industrial aluminum smelting company). Net profit increased 21%, supported by a better mix of higher-value products. 

Hindalco’s Aditya Smelter Phase 2 project is expected to add 1.9 lakh tonnes (14% of existing capacity) of aluminium capacity by 2029. The company is also developing three captive coal mines, which are expected to start supplying power from 2026 and help lower energy costs. At Novelis, renewable energy capacity is set to nearly double by the end of the year, reducing operating costs and tariff risks.

On these initiatives, CEO Satish Pai said, “The expansion should deliver healthy returns even if margins soften slightly. The focus remains on keeping net debt below 2x EBITDA while executing the Rs 83,000 crore capex programme through 2029.”

4. Devyani International:

This restaurant stock slid 9.7% over the past week as investors questioned whether the proposed merger with Sapphire Foods India could revive weak demand at existing outlets. Same-store sales declined across KFC and Pizza Hut stores operated by both companies in H1FY26, as intense local competition, aggressive discounting, and shifting consumer preferences have continued to hurt footfalls.

On January 1, Devyani’s board approved the merger of Sapphire Foods with itself. Under the scheme, Sapphire shareholders will receive 177 Devyani shares for every 100 shares held. In addition, Arctic International, a Devyani subsidiary, will acquire an 18.5% stake in Sapphire, consolidating control over the combined business.

As part of the broader transaction, Devyani will also acquire 19 KFC restaurants in Hyderabad for Rs 90 crore and pay a one-time fee of Rs 320 crore to Yum! Brands. This payment covers merger approvals, and grants Devyani rights to operate in new territories. Management expects the consolidation to improve scale and bargaining power across brands and geographies.

Commenting on the merger’s impact, Promoter and Chairman Ravi Kant Jaipuria said, “The merged entity will have more than 3,000 stores globally and an annual turnover of approximately Rs 8,000 crore.” He added that the integration could generate annual cost savings of about Rs 220 crore from the second year onward through efficiencies in procurement, logistics, and overheads.

Motilal Oswal remains constructive on the long-term benefits of the merger and maintains a ‘Buy’ rating with a target price of Rs 180. It expects the combined entity to accelerate store expansion, lower raw-material costs, and improve operating leverage. The brokerage forecasts revenue growth of about 12% and EBITDA growth of over 15% annually over FY26–28.

Recent financial performance, however, remains mixed. In Q2FY26, Devyani reported revenue growth of 12.6% YoY, aided by new store additions and the acquisition of Sky Gate Hospitality (parent co of Biryani By Kilo, Goila Butter Chicken, and The Bhojan). Yet the company posted a net loss due to elevated operating costs, higher raw-material prices such as cheese and flour, and lower margins from the newly acquired Sky Gate brands.

5. Coal India (CIL):

The stock of this coal & mining company rose by over 4% in the past week after its wholly owned subsidiary, Bharat Coking Coal (BCCL), announced its initial public offer (IPO). The Rs 1,071.1 crore issue, opening on January 9, is a complete offer-for-sale, with Coal India selling a 10% stake, or about 46.6 crore shares. The divestment is expected to generate around Rs 605 crore in profit, translating into a 130% return on investment.

Director M.K. Agarwal stated that the IPO proceeds will fund CIL’s Rs 16,000 crore capital expenditure plan for FY26. Following a directive from the Prime Minister's Office, the company aims to list all eight of its subsidiaries by 2030 to improve transparency and unlock asset value.

Operations in the second quarter were challenging, with revenue rising just 0.5% YoY due to an intense monsoon that disrupted mines in Jharkhand and Chhattisgarh. Coal production between April and November 2025 reached 453.5 million tonnes, compared to 471 million tonnes in the same period last year.

Looking forward, Trendlyne’s Forecaster projects a significant revenue surge of 18.8% in Q3FY26. This optimistic outlook is supported by a recovery in operational momentum following a weather-disrupted first half. Analysts from Kotak Securities highlight that while production was initially hamstrung by an extended monsoon, offtake volumes have remained remarkably steady through the third quarter. This suggests that end-user demand, particularly from power and steel sectors, has not weakened, even as global commodity cycles fluctuate. The stock appears in a screener of companies with rising net cash flow and cash from operating activity.

Global brokerage firm Jefferies reiterated a ‘Buy’ rating on Coal India and raised its target price to Rs 440, citing steady cash flows driven by demand from power and industrial users. It added that the stock remained an attractive defensive bet amid volatile metal prices.

Trendlyne's analysts identify stocks that are seeing interesting price movements, analyst calls, or new developments. These are not buy recommendations.

 
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Trendlyne Marketwatch
09 Jan 2026
Market closes lower, dragged down by foreign investor outflows and rising crude prices
By Trendlyne Analysis

Nifty 50 closed at 25,683.30 (-193.6, -0.8%), BSE Sensex closed at 83,576.24 (-604.7, -0.7%) while the broader Nifty 500 closed at 23,467.35 (-212.8, -0.9%). Market breadth is highly negative. Of the 2,598 stocks traded today, 527 showed gains, and 2,026 showed losses.

Indian indices closed lower after extending losses in the afternoon session, dragged down by foreign investor outflows, rising crude prices and fresh US tariff concerns for Russian energy buyers. The Indian volatility index, Nifty VIX, closed 3.1% higher at 10.9 points. Elecon Engineering closed 16.5% in the red after its Q3FY26 net profit declined 33.1% YoY to Rs 72 crore on higher procurement costs.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, tracking the benchmark index. Nifty Realty and Nifty Capital Markets were among the worst-performing indices of the day. According to Trendlyne’s sector dashboard, Telecommunications Equipment emerged as the lowest-performing sector of the day, with a fall of 2.4%.

European indices are trading flat or higher, except Spain’s IBEX 35 and Portugal’s PSI indices. Major Asian indices closed flat or in the green. US index futures are trading mixed, indicating a cautious start to the session as investors await US jobs data set to come out later today.

  • Money flow index (MFI) indicates that stocks like Vardhman Textiles, HDFC AMC, ZF Commercial and Cohance Lifesciences are in the oversold zone.

  • Manappuram Finance falls after reports say the Reserve Bank of India raises objections to Bain Capital’s plan to acquire a controlling stake in the company.

  • Tanfac Industries board of directors approves setting up a 20,000 tonnes per annum (TPA) downstream fluorinated chemical manufacturing facility with a capex of Rs 495 crore. The board also approves a Rs 500 crore qualified institutional placement (QIP) of equity shares and a 1:2 stock split.

  • Ravindra Energy secures an order worth Rs 225 crore from the Hubli Electricity Supply Co (HESCOM) to set up and operate 62 MW of solar power generators across 13 substations.

  • Macquarie retains an 'Underperform' rating on Apollo Hospitals and Max Healthcare Institute, noting both stocks have lagged the Nifty 50 by about 14% so far in 2025. The brokerage expects further earnings downgrades in 2026, adding that EBITDA pressure from new hospital addition targets is not fully factored into current consensus estimates.

  • NMDC is falling as it cuts iron ore prices, reducing Baila lump by Rs 1,000 per tonne to Rs 4,600 compared with last month. Baila fines prices are also lowered by Rs 850 per tonne to Rs 3,900.

  • Torrent Power's Vice Chairman (VC) & Managing Director (MD), Jindal Mehta, announces a capex of Rs 1 lakh crore over the next seven years to expand energy capacity. The company plans to expand thermal capacity by 5 gigawatt (GW) and renewable capacity by 10 GW.

  • Keystone Realtors is falling as its pre-sales decline 3% YoY to Rs 837 crore in Q3FY26, while collections also drop 3% to Rs 524 crore. During the quarter, the company adds a new project in Mumbai with a gross development value of Rs 382 crore.

  • HDFC Securities maintains an 'Accumulate' rating on Birla Corporation with a lower target price of Rs 1,370. The brokerage highlights industry-leading volume growth, a higher premium cement mix aiding pricing, and improving cost competitiveness, while cautioning on near-term demand softness and rising competition. Capex is seen at Rs 6.5 billion in FY26, picking up from FY27 with planned expansions.

  • Sagar Cements declines as its board of directors approves selling of 75 lakh shares (8.14% stake) of its subsidary, Andhra Cements at a floor price of Rs 72 per share through an offer for sale (OFS). The OFS opens today and will end on January 12.

  • Power Grid Corp emerges as the successful bidder for an inter-state transmission system strengthening project in Karnataka. The project comprises of 400 kilovolt (kV) high-capacity power lines along with associated line bays works at both ends and integration of additional renewable energy potential at both Davangere and Bellary pooling stations. 

  • Highway Infrastructure rises as it wins a Rs 328 crore NHAI order for one-year operation and user-fee collection at Kaza toll plaza on NH-16 in Andhra Pradesh. The company will also maintain adjacent toilet blocks and replenish consumables.

  • Nuvama Institutional Equities maintains a 'Hold' rating on Transformers & Rectifiers (India) with a target price of Rs 334. The brokerage flags a continued slowdown in fresh order inflows, which could hurt earnings visibility beyond FY26 despite better-than-expected Q3 performance. Order inflows rose 5.4% YoY to Rs 670 crore in Q3, but were down 18.6% in the first nine months of FY26.

  • Morepen Laboratories receives a stay order from the Himachal Pradesh High Court against a show cause notice worth Rs 117.9 crore issued by the GST Authority in Shimla.

  • Elecon Engineering plunges more than 13% as its Q3FY26 net profit declines 33.1% YoY to Rs 72 crore due to higher raw materials, manufacturing, employee benefits, and finance costs. However, revenue grows 4.8% to Rs 570.6 crore, driven by improvements in the transmission equipment and material handling equipment segments. It shows up in a screener of stocks with an increasing trend in non-core income.

  • Ugro Capital's board of directors approves the merger of its subsidiary, Profectus Capital, into itself.

  • According to data released by the Association of Mutual Funds in India (AMFI), equity mutual fund inflows decline 6% to Rs 28,054.1 crore in December, down from Rs 29,911.1 crore in November. Meanwhile, total assets under management (AUM) stood at Rs 80.2 lakh crore at the end of the month.

  • Vodafone Idea is rising as it releases a timeline to repay the AGR dues. The company plans to repay Rs 124 crore annually over FY26-31, Rs 100 crore annually over FY32-36 and the remaining AGR dues in equal payments annually over FY36-41.

  • Hindustan Unilever is falling as it receives a tax demand of Rs 1,559.7 crore from the Income Tax Department under Sections 143(3) and 144C(13) of the Income Tax Act, 1961, following a transfer pricing and corporate tax assessment for FY22.

  • Power Mech Projects is rising as its wholly-owned subsidiary, PM Green, secures an order worth Rs 3,126 crore from West Bengal State Electricity Distribution (WBSEDCL). The order is to set up a 250 megawatt/1,000 megawatt-hour battery energy storage project in West Bengal.

  • Rupal Agarwal, Director and Senior Research Analyst – Asia Quant Strategy at Bernstein, says Indian equities do not warrant an “Underweight” view and instead offer a balanced risk-reward, supporting a “Neutral” stance. Agarwal cites tailwinds such as an improving earnings cycle, reasonable valuations, potential foreign inflows, resilient domestic flows, and the likelihood of a US–India trade deal.

  • Bharat Heavy Electricals is rising as it secures an order worth Rs 5,400 crore from its joint venture (JV) with Coal India, Bharat Coal Gasification and Chemicals, to set up a coal gasification & raw syngas cleaning plant in Odisha.

  • Rail Vikas Nigam secures an order worth Rs 201.2 crore from East Coast Railway to set up a wagon maintenance workshop with a capacity of 200 units at Kantabanji.

  • Astra Microwave Products' joint venture, Astra Rafael Comsys, secures a Rs 275.3 crore order from the Indian Air Force. The order covers integration of software-defined radios on MiG-29 aircraft, installation of network-centric applications, and supply of 24 radios for Light Combat Aircraft (LCA) Mk-1A.

  • Bharat Electronics is rising as it secures orders worth Rs 596 crore for drone detection and jamming systems, mobile communication terminals, software solutions, upgrades, spares, and related services.

  • Nifty 50 was trading at 25,938.80 (62.0, 0.2%), BSE Sensex was trading at 84,022.09 (-158.9, -0.2%), while the broader Nifty 500 was trading at 23,741.05 (61.0, 0.3%).

  • Market breadth is holding steady. Of the 2,078 stocks traded today, 975 were on the uptrend, and 1,058 went down.

Riding High:

Largecap and midcap gainers today include Hindustan Zinc Ltd. (606.45, 2.7%), Oil India Ltd. (420.05, 2.5%) and Coforge Ltd. (1,681.60, 2.1%).

Downers:

Largecap and midcap losers today include Godrej Properties Ltd. (1,991.50, -4.9%), Siemens Energy India Ltd. (2,403.80, -4.9%) and Adani Green Energy Ltd. (946.10, -4.3%).

Volume Rockets

17 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included CCL Products India Ltd. (940.60, 1.6%), Bharat Heavy Electricals Ltd. (274.25, 0.9%) and Mazagon Dock Shipbuilders Ltd. (2,500.50, 0.8%).

Top high volume losers on BSE were Elecon Engineering Company Ltd. (423.55, -15.9%), Indian Energy Exchange Ltd. (138.36, -7.8%) and Manappuram Finance Ltd. (285.85, -7.6%).

Hitachi Energy India Ltd. (17,700, -4.0%) was trading at 7.0 times of weekly average. Tejas Networks Ltd. (417.15, -5.6%) and Mastek Ltd. (2,050, -0.7%) were trading with volumes 6.2 and 5.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

2 stocks made 52 week highs, while 30 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Indus Towers Ltd. (433.40, 0.6%) and Eicher Motors Ltd. (7,507, -0.6%).

Stocks making new 52 weeks lows included - ACC Ltd. (1,705.80, -1.0%) and BASF India Ltd. (3,754.40, -1.1%).

4 stocks climbed above their 200 day SMA including Oil India Ltd. (420.05, 2.5%) and Petronet LNG Ltd. (288, 1.7%). 49 stocks slipped below their 200 SMA including Adani Green Energy Ltd. (946.10, -4.3%) and Hitachi Energy India Ltd. (17,700, -4.0%).

 
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Trendlyne Marketwatch
08 Jan 2026
Market closes lower, amid foreign fund outflows & US tariff threats on Russian energy buyers
By Trendlyne Analysis

Nifty 50 closed at 25,876.85 (-263.9, -1.0%), BSE Sensex closed at 84,180.96 (-780.2, -0.9%) while the broader Nifty 500 closed at 23,680.10 (-336.5, -1.4%). Market breadth is sharply down. Of the 2,608 stocks traded today, 410 were gainers and 2,156 were losers.

Indian indices closed in the red after falling throughout the day. The Indian volatility index, Nifty VIX, rose 6.5% and closed at 10.6 points. Kalpataru Projects International entered into an agreement to sell a 100% stake in its special purpose vehicle (SPV), Vindhyachal Expressway, to Asahi Glass India at an enterprise value of Rs 775 crore.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. BSE Metal and Nifty Metal were among the top index losers today. According to Trendlyne’s Sector dashboard, Metals & Mining emerged as the worst-performing sector of the day, with a decline of 3.4%.

Asian indices closed lower, while European indices are trading in the red. US index futures traded in the red, indicating a cautious start to the trading session. US President Donald Trump is reportedly backing a bipartisan bill titled "Sanctioning of Russia Act 2025", proposing tariffs of at least 500% on countries buying Russian energy. If passed, it would pressure buyers such as India, China, and Brazil, with a bipartisan vote possible as early as next week. Meanwhile, markets are focused on US jobs data for December, due on January 9.

  • Relative strength index (RSI) indicates that stocks like Torrent Pharma, Phoenix Mills, National Aluminium, and Coal India are in the overbought zone.

  • General industrials stocks like Bharat Heavy Electricals, ABB India, and Siemens fall sharply as the Finance Ministry reportedly plans to scrap restrictions on Chinese firms bidding for government contracts. The curbs were introduced in 2020 after the Galwan clash and required special registration and security clearances.

  • Navneet Education is falling as its board of directors approves the demerger of its publishing business from its subsidiary, Indiannica Learning.

  • Motilal Oswal maintains its 'Buy' call on Devyani International, with a target price of Rs 180 per share. This indicates a potential upside of 31.7%. The brokerage believes that the company's merger with Sapphire Foods will enhance long-term growth visibility and enable higher operating leverage, led by efficient capital allocation, scale benefits, and execution across brands and geographies. It expects the firm to deliver a revenue CAGR of 12.1% over FY26-28.

  • JPMorgan says a regime change in Venezuela could significantly increase global oil supply, a development that the markets are currently not factoring in. The bank estimates that daily oil production could rise from approximately 775,000 barrels per day (bpd) to over 1.3 million bpd within two years of a transition. Production might potentially reach 2.5 million bpd over the next decade, which would help keep oil prices lower for an extended period.

  • Sundaram-Clayton surges as it plans to sell a 16.4-acre land parcel in Chennai to Canopy Living for Rs 560.7 crore.

  • Gujarat Pipavav Port is falling as its Q3FY26 container volumes fall 1.7% YoY to 1.7 lakh twenty-foot equivalent units (TEUs). However, dry bulk cargo rises 20.8%, while liquid cargo volumes increase 2.6%.

  • Housing and Urban Development Corp signs a memorandum of understanding (MoU) with the Chhattisgarh government to invest Rs 1 lakh crore for housing and infrastructure projects over the next five years.

  • Gokaldas Exports slides over 11% to a 28-month low amid concerns that higher US tariffs could hurt Indian exporters. The stock has been under pressure after the company warned during its Q2 earnings call of potential order diversion to more favourable geographies, weighing on business momentum.

  • The Ministry of Steel appoints Vishwanath Suresh as MOIL's Chairman & Managing Director (CMD) for the next five years, effective January 7.

  • Gland Pharma receives approval from the US FDA for its abbreviated new drug application (ANDA) for Olopatadine Hydrochloride Ophthalmic Solution. The drug is a therapeutic equivalent of Alcon Laboratories' Pataday Once Daily Relief eye drop, and is used to treat allergic conjunctivitis. The drug has an estimated market size of $50.7 million, according to Nielsen.

  • Balaji Amines surges as its Solapur unit-4 expansion becomes eligible for over Rs 250 crore in government incentives. The approval allows the company to get back part of the state tax paid on products sold within Maharashtra.

  • Hindustan Zinc falls over 5%, its sharpest drop since June last year, tracking a decline in silver prices. MCX silver futures slip below Rs 2.5 lakh per kg, while global spot silver drops as much as 3.4% to $75.5 per ounce.

  • P N Gadgil Jewellers' Q3FY26 revenue rises 35.6% YoY to Rs 3,302 crore, driven by a 46% increase in the retail segment. The company opens three new showrooms, taking its total store count to 66.

  • Madhya Bharat Agro Products is falling as its EBITDA margin contracts 309 bps YoY to 11.3% in Q3FY26, despite net profit surging 77.4%, supported by inventory destocking. Revenue jumps 115.7% YoY to Rs 615.3 crore during the quarter. Separately, its board of directors approves expanding sulphuric acid and phosphoric acid capacities at a capex of Rs 450 crore.

  • RailTel Corp of India receives an order worth Rs 101.8 crore from the Public Financial Management System to establish and manage information technology infrastructure, including data centre and disaster recovery facilities, security operations centre services, and data centre colocation.

  • US President Donald Trump is reportedly backing a bipartisan bill, titled "Sanctioning of Russia Act 2025", which proposes tariffs of at least 500% on countries buying Russian energy, including oil. If passed, it would increase pressure on buyers such as India, China, and Brazil, and impose broad penalties on individuals and entities linked to Russia.

  • Midwest secures an order from the Andhra Pradesh government to extract coloured quartzite blocks over 51.9 acres in Prakasam for the next 30 years.

  • DEE Development Engineers surges more than 10% as it executes orders worth Rs 127.9 crore in December in the pipings, heavy fabrication, gas plants and power segments. The company secures orders worth Rs 98.1 crore during the month.

  • IRB Infrastructure Developers is rising as its total toll collection rises 11.7% YoY to Rs 753.8 crore in December.

  • IDFC First Bank rises after announcing savings account rate cuts of up to 200 bps, a move expected to support margins. Under the revised structure, balances up to Rs 1 lakh remain at 3%, deposits between Rs 1–10 lakh earn 5% versus 7% earlier, deposits from Rs 10 lakh to Rs 5 crore earn up to 6.5% versus 7%, and balances above Rs 5 crore up to Rs 10 crore will now earn up to 6.5%, down from 6.75%.

  • Granules India is rising as its subsidiary receives tentative approval from the US FDA for its abbreviated new drug application (ANDA) for Amphetamine Extended-Release tablets. The drug is used to treat attention deficit hyperactivity disorder (ADHD) and has an estimated market size of approximately $41 million.

  • Adani Green Energy enters a power consumption agreement with Asahi Glass India to supply 20.8 MW of solar-wind hybrid power. Adani Green will supply the power from its 25 MW solar and 20.8 MW wind plants in Khavda. Asahi Glass will acquire a minimum 26% stake in the projects to meet the captive shareholding requirement under the Captive rules.

  • Angel One's average daily turnover (ADTO) rises 83.9% YoY in December. Its gross client acquisition drops 12.8% to 6.8 lakh during the month. Separately, its board of directors will meet on January 15 to consider a stock split.

  • Kalpataru Projects International enters an agreement to sell a 100% stake in its special purpose vehicle (SPV), Vindhyachal Expressway, to Actis Atlantic Holdings at an enterprise value of Rs 775 crore.

  • Nifty 50 was trading at 26,123.65 (-17.1, -0.1%), BSE Sensex was trading at 84,778.02 (-183.1, -0.2%), while the broader Nifty 500 was trading at 24,004.90 (-11.7, -0.1%).

  • Market breadth is in the green. Of the 2,083 stocks traded today, 1,093 were in the positive territory and 929 were negative.

Riding High:

Largecap and midcap gainers today include IDFC First Bank Ltd. (86.07, 2.0%), Dixon Technologies (India) Ltd. (11,987, 1.8%) and Schaeffler India Ltd. (3,852.80, 1.4%).

Downers:

Largecap and midcap losers today include Bharat Heavy Electricals Ltd. (271.75, -10.5%), Hindustan Zinc Ltd. (590.75, -6.2%) and Hitachi Energy India Ltd. (18,444, -5.8%).

Crowd Puller Stocks

18 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included India Cements Ltd. (476.20, 4.4%), Niva Bupa Health Insurance Company Ltd. (79.52, 4.2%) and Trident Ltd. (27.11, 3.3%).

Top high volume losers on BSE were Bharat Heavy Electricals Ltd. (271.75, -10.5%), Signatureglobal (India) Ltd. (1,015, -8.2%) and Schneider Electric Infrastructure Ltd. (657.50, -7.4%).

Alkyl Amines Chemicals Ltd. (1,581.90, 2.8%) was trading at 68.9 times of weekly average. Alok Industries Ltd. (16.10, 1.5%) and Gland Pharma Ltd. (1,694.80, -0.8%) were trading with volumes 13.5 and 9.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks made 52 week highs, while 24 stocks tanked below their 52 week lows.

Stocks touching their year highs included - AIA Engineering Ltd. (4,075, 2.2%), Bajaj Auto Ltd. (9,760.50, -0.3%) and Eicher Motors Ltd. (7,551, -0.4%).

Stocks making new 52 weeks lows included - BASF India Ltd. (3,800, -0.3%) and Bata India Ltd. (925.30, -1.1%).

6 stocks climbed above their 200 day SMA including Eternal Ltd. (283.55, 0.9%) and L&T Technology Services Ltd. (4,423.80, 0.7%). 45 stocks slipped below their 200 SMA including Swan Corp Ltd. (440.75, -5.4%) and Ircon International Ltd. (169.78, -4.3%).

 
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The Baseline
07 Jan 2026
Don't be boring, unless you are an investor
By Swapnil Karkare

Flashy screens, juicy market gossip, watching the Mumbai skyline from a high-rise office while I juggled phone calls: when I first started work at a stock market brokerage, this was the life I imagined. Movies like The Wolf of Wall Streetmade it look fast and glamorous.

But reality set in soon enough, that this is not what investing is. As my years in the stock market grew, it became clear that this job isn't meant to be exciting. In fact, excitement was usually a warning sign. The movies about the stock market were about as realistic as a Superman film.

The Nobel prize winning economist Paul Samuelson liked to say that investing should be boring. “Investing should be like watching paint dry. If you want excitement, take $800 and go to Las Vegas.”

Speaking of paint, the Asian Paints stock proves his point. This stock has been a boring compounder for decades. It doesn't double in a month like a crypto coin. But if you'd invested Rs. 10,000 in the stock in 2000 and forgot about it, it would be worth over Rs. 10 lakhs today, excluding dividends.

If 'boring' makes money, why do we chase short term trends and excitement so much?



People are impatient, and the internet has made it worse

Humans aren't built to think about the long-term - we tend to be impulsive creatures. The part of the brain that helps us plan and be patient, the prefrontal cortex, evolved relatively late.  

Andy Haldane, the former Executive Director at the Bank of England, has linked this late 'patience breakthrough' to prosperity. He argues that people didn't progress out of just skill or hard work, but because human society as a whole learned to hold off on immediate pleasures, and plan for the future. 

But impatience still stalks us every day, and the internet has not helped. We hear buzz about AI or defence stocks, or a smallcap rumour, and we often don't stop to consider before we rejig our portfolios.

Even experienced fund managers face this challenge. Because they have to show results every quarter, they end up chasing what’s hot right now. We say we want long-term wealth, but a small decline causes panic and a short rally feels meaningful.

Based on the math however, such FOMO is bad for you. A popular story about the US brokerage Fidelity suggests that the best investor is the dead investor: in an internal study, Fidelity reportedly found that their best performing investor accounts belonged to people who were dead, or had forgotten their passwords.

Fidelity never publicly confirmed this, but other studies show that investor accounts that trade the most tend to see lower returns than the overall market. Charlie Munger sums it up well: “The big money is not in the buying or the selling, but in the waiting.” Crypto or meme stocks might seem exciting, but sticking to steady options like index funds and long-term picks is what really grows money in the long run.

Beta as a boredom metric

One way to quantify boring investing is to look at a metric like beta, which measures a stock’s volatility compared to the overall market. 

A stock with a beta of 2 typically moves at double the volatility of the index, moving 10% when the market moves 5%. A beta of 0.5 means a 2.5% move when the index moves 5%. So low-beta stocks have lower volatility than the index.

These so-called ‘boring’ stocks with low beta tend todeliver steady returns with lower risk. In the US, high-beta stocks gave about 30% more returns than low-beta ones in the last 50 years, but they came with almost triple the risk. After accounting for all that risk, the extra reward isn’t that great. In fact, avoiding the highest beta stocks could have given 5–6% more in returns each year.

I ran a simple beta analysis on Nifty 500 stocks for the past year. Low-beta stocks easily outperformed the high-beta ones in what we all know was a pretty volatile market.

In the past year, stocks with a beta under 1 (and median 0.79) posted positive median returns, whereas those with a beta over 1 (median 1.35) ended up with negative median returns. It contradicts the idea that higher-risk stocks should earn higher returns.

Valuations reinforce this point. Low-beta stocks traded at higher median P/E and P/B multiples. It seems that investors are paying a premium for stable cash flows, and downside protection.



Resisting the urge

For the last couple of years, SEBI has been issuing warnings about how the vast majority of young traders lose money in derivatives trading. But are people listening, when in the age of online trading and finfluencers, stock trading offers an easy dopamine rush? Holding back becomes a deliberate, conscious choice.

I leave you with a sports story: the economist Michael Bar-Eli did a famous analysis in 2009 on the performance of football goalkeepers. Statistically, he found that a goalkeeper's best chance of saving a penalty kick is to stay in the center of the net. This gives them a 33.3% save rate.

But in real life, goalkeepers stay in the center only 6.3% of the time, and dive left or right 94% of the time. Why? Because if they stand still and give up a goal, it looks like they didn't try. Even if they dive and miss, it seems like they "did something." 

So next time you get a "trade now" notification, consider how an unnecessary dive can cost you the match.

 
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The Baseline
07 Jan 2026
By Divyansh Pokharna

For years, India’s electric car market was a small space, where growth was heavily reliant on government subsidies, and a few early adopters willing to take on an unproven product. 

In 2025, however, electric cars saw a jump in market share, accounting for 4.6% of all passenger vehicle sales, up from 2.6% in 2024. While still a small slice of the total car market, EVs are growing faster than petrol or diesel cars. It’s still tiny, of course: EVs in China make up over 50% of car sales.

The big story of 2025 however, is why people are buying. EV buyers are now comparing ownership costs, features and daily usability, and not just chasing subsidies. Competition has also increased as existing players expand their EV line-ups.

“EV penetration rose across most segments, except two-wheelers, even as overall vehicle retail demand remained soft,” said FADA president CS Vigneshwar. “This shows EV adoption is moving beyond early buyers into mass consumers and fleets. Continued policy support, accessible financing, and expansion of charging infrastructure will be key to growth in the coming months,” he added.

In this edition of Chart of the Week, we look at how India’s electric four-wheeler market evolved in 2025.

Buying cars for value, not just subsidies

In 2025, government discounts became less important. FAME-II subsidies for personal electric cars ended in March 2024, with no new scheme for four-wheelers. Instead, the government shifted its support toward manufacturing-linked incentives and building more charging stations.

Despite lower discounts, EV sales have continued to rise in big cities. A segment of buyers, mostly urban families with more than one car, now sees EVs as a smart choice for daily driving. These customers find electric cars cheaper to run and easier to maintain.

This growth is still mostly in big cities, where charging is easier to find. In smaller towns, people remain hesitant due to weak charging infrastructure and higher prices. 

New rivals challenge Tata’s market leadership

Tata Motors has been the king of India’s electric cars for years, but its lead shrank in 2025. Over the year, Tata lost about 22 percentage points of its market share as rivals caught up. While its popular models, Nexon EV and Punch EV, still sell well, new buyers are looking at other brands.

MG Motor India gained ground in the market by offering tech-heavy cars like the ZS EV. It's traction signals less brand-loyal EV buyers, who are more willing to switch if the product provides better value in a similar price range.

Mahindra & Mahindra has also become a serious threat to Tata Motors. By launching new electric SUVs like the XUV 9e and BE 6e, Mahindra has tapped into India's love for big cars.

By mid-2025, the market became a multi-player race. No single company now controls the prices or the trends. This was a big shift from 2021, when Tata controlled over 90% of the EV market, while Mahindra’s share was below 1%.

“We continue to see solid customer interest in our battery electric vehicle (BEV) portfolio. Electric vehicles account for about 8.7% of our overall portfolio,” Mahindra Group CEO Anish Shah said during the company’s Q2FY26 earnings.

Among global brands, Hyundai and Kia have focused on selective premium models to test demand depth, while BYD has strengthened its niche among high-end buyers. Luxury brands like BMW focused on EVs for branding, even as most EV sales and competition happened in the mid-priced segment. 

Premium demand sparks a debate over luxury taxes

In 2025, the "budget EV" took a backseat: the hottest segment is now cars priced between Rs 20 - 30 lakh. These buyers are willing to pay more for better software, longer range, and solid warranties.

But this shift toward premium cars has caught the eye of tax officials. A new proposal suggests raising taxes (GST) to 18% for mid-range EVs and a whopping 40% for luxury imports.

Car makers are worried. Tata Motors warned that higher taxes would slow down the shift to clean energy, while BMW said it could ruin the dream of local production. Even Tesla, which is finally opening Indian showrooms, faces a rocky start if these taxes are implemented.

Currently, the market is split: Tata leads with 43% share, followed by MG (24%) and Mahindra (21%). While the luxury segment (Mercedes and BMW) accounts for only 2%, their influence on technology and trends continues to shape the future of Indian roads.

Senior Director and Head of CareEdge Advisory & Research, Tanvi Shah, said, "India is well-positioned to accelerate EV adoption, with a strong pipeline of new model launches. Expanding charging infrastructure and battery localisation under the PLI scheme will support this growth."

The growing problem of low resale value

As the first wave of electric cars hit the used market in 2025, a new problem has appeared: they have lost value very quickly. Unlike petrol cars, used EVs are seeing their resale prices drop sharply.

The biggest concern for used-car buyers is battery health. Since the battery is the most expensive part of the car, people are scared to buy a used one without knowing its condition. Currently, there is no standard way to test a battery's "health." While many makers offer “lifetime” warranties of up to 15 years, these usually apply only to the first owner. If you buy a used EV, that warranty often shrinks significantly.

Technology is also moving so fast that older EVs quickly feel outdated. Newer models offer much faster charging and better range for the same price, making two-year-old cars look like old tech.

Finally, supply chain issues have returned. China’s limits on exporting certain minerals used in batteries caused some stress. While companies like Tata and Mahindra say they have enough stock for now, they are racing to find new suppliers to avoid future production delays.

These challenges, low resale value and supply risks, show that the EV journey in India still has hurdles to clear before it becomes truly mainstream.

 
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Trendlyne Marketwatch
07 Jan 2026
Market closes lower on geopolitical tensions and US tariff worries
By Trendlyne Analysis

Nifty 50 closed at 26,140.75 (-38.0, -0.1%), BSE Sensex closed at 84,961.14 (-102.2, -0.1%) while the broader Nifty 500 closed at 24,016.60 (6.1, 0.0%). Market breadth is balanced. Of the 2,604 stocks traded today, 1,271 were gainers, and 1,273 were losers.

Indian indices closed lower after trimming losses in the afternoon session. The Indian volatility index, Nifty VIX, fell 0.7% and closed at 10 points. Titan surged to a new all-time high of Rs 4,312.1 after its revenue grew 40% YoY in Q3FY26, led by jewellery, watches, CaratLane, and eyecare segments. The company added 56 new stores during the quarter, bringing the total to 3,433.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty IT and Nifty Consumer Durables were among the top index gainers today. According to Trendlyne’s sector dashboard, Textiles, Apparel & Accessories emerged as the best-performing sector of the day, with a rise of 2.4%.

Asian indices closed mixed. European indices are trading with varied trends. US index futures are trading lower or flat as investors await key economic data. Meanwhile, President Trump said that the US and Venezuela have reached a deal under which Venezuela will export up to $2 billion worth of crude oil to the US.

  • Money flow index (MFI) indicates that stocks like Hindustan Copper, IIFL Finance, Hindalco Industries, and National Aluminium are in the overbought zone.

  • Adcounty Media surges to its 5% upper circuit as Ashish Kacholia adds the company to his portfolio with the purchase of a 2.9% stake in Q3FY26.

  • Geojit BNP Paribas upgrades Hindalco Industries to a 'Buy' call from 'Hold', with a higher target price of Rs 1,034 per share. This indicates a potential upside of 10.2%. The brokerage believes that the company's strong operational execution, expanded downstream capabilities, and sustainability initiatives position it for long-term growth. It expects the firm to deliver a revenue CAGR of 5.8% over FY26-27.

  • Welspun Corp is rising as it receives an export order to supply large-diameter coated line pipes in the US. With this order, the company’s consolidated global order book stands at Rs 23,460 crore (about $2.6 billion), providing revenue visibility across its India and US operations.

  • Nomura initiates coverage on IDFC First Bank with a 'Buy' rating and a target price of Rs 105. The brokerage says growth visibility remains strong, with loans and deposits seen growing at CAGRs of 20% and 22%, respectively over FY26-28. It adds that superior fee income and a 35-bps fall in credit costs should boost profitability, lifting RoA and RoE to 1.2% and 1.8% by FY28.

  • Eternal (Zomato) is rising as 5.3 crore shares (0.5% stake), worth Rs 1,535 crore, reportedly changes hands in a block deal. The shares were traded at an average price of Rs 290.4 per share.

  • Unimech Aerospace and Manufacturing secures an order worth Rs 72.2 crore from Nuclear Power Corp of India to supply support equipment for Tarapur Atomic Power Station Units 3 & 4.

  • Info Edge (India) is rising as its standalone billings grow 11.8% YoY to Rs 747.2 crore during Q3FY26, driven by recruitment solutions and real estate segments increasing 11% and 14.4%, respectively.

  • Citigroup and JPMorgan reportedly decline to advise on the planned $1.4 billion SBI Funds Management IPO, citing low fees. Selling shareholders SBI and France’s Amundi are said to have offered fees of about 0.01% of the issue size, which bankers described as rock-bottom after some domestic advisers quoted only token fees for the mandate.

  • Jindal Steel's subsidiary, Jindal Steel International, is reportedly in talks to acquire Germany's Thyssenkrupp Steel.

  • HDFC Bank is falling as 39.3 lakh shares, worth Rs 373 crore, reportedly change hands in a block deal at an average price of Rs 950.3 per share.

  • HG Infra Engineering is falling as it receives an income tax demand of Rs 154.6 crore, including interest, from the Income Tax Department under Section 154 of the Income Tax Act, 1961, for the assessment year 2018–19.

  • Morgan Stanley India’s MD, Ridham Desai outlines a bullish outlook for Indian markets, expecting a sharp recovery after prolonged underperformance. He cites supportive RBI policies, prospects of further reforms in the Union Budget, and optimism around a potential India–US trade deal that could lower US tariffs.

  • Max Financial Services touches a fresh 52-week high of Rs 1,752.2 after Nomura raises its target price to Rs 1,935 and maintains a ‘Buy’ rating. The brokerage expects the company to outgrow peers through FY28, citing tailwinds in its Axis Max Life JV. This JV is now the sixth-largest life insurer by annual premium equivalent (APE), with its online broker channel contributing about 10% of APE and 7% of new business premium (NBP).

  • Cipla falls sharply after the US FDA flags compliance gaps at Pharmathen, its Greece-based partner for the Lanreotide drug in the US. The regulator cites issues at Pharmathen’s facilities, including weak contamination controls, gaps in sterile procedures, lab deficiencies, and poor building conditions, raising quality concerns.

  • Motilal Oswal initiates coverage on Billionbrains Garage Ventures (Groww) with a 'Buy' call and a target price of Rs 185 per share. The brokerage is positive on the stock, driven by improving market share across segments with multiple additional levers, like margin trading facility (MTF), price hikes, and commodities supporting revenue growth. It expects the company to deliver a revenue CAGR of 25% over FY26-28.

  • Suvankar Sen, MD & CEO of Senco Gold and Diamonds, says studded jewellery accounts for about 12.5% of sales, with a target of 13–13.5% in FY27 and 15% over the next three years. The company raises its FY26 value growth guidance to 24–25% from 18–20% and expects similar growth in the coming years despite high gold prices.

  • CMS Info Systems surges as it secures a Rs 1,000 crore, 10-year contract from State Bank of India (SBI) to manage around 5,000 bank-owned ATMs across India. The order involves providing end-to-end services to improve cash management and increase ATM uptime.

  • Godrej Consumer Products expects to deliver double-digit revenue growth in Q3FY26, supported by lower inflation with reduced GST rates. The company sees the home care segment jumping in the double digits and the personal care segment rising in the mid-single digits.

  • Senco Gold surges more than 10% as its revenue grows 51% YoY during Q3FY26. The company adds four new stores, taking the total store count to 196.

  • Electronic manufacturing services (EMS) companies like Kaynes Technology India and Dixon Technologies extend losses for the 2nd trading session. JM Financial says three factors have unsettled the market on Dixon: delayed government approvals for JVs with Vivo and HKC, posing risks to volumes and margins from FY27; a sharp rise in memory prices hurting budget smartphone demand; and expectations of a weak Q3.

  • Jubilant Foodworks' revenue from operations grows 13.4% YoY to Rs 2,438.7 crore in Q3FY26. Domino’s India posts a 5% like-for-like sales growth. The company adds 114 new stores during the quarter, taking the total store count to 3,594.

  • Kalyan Jewellers is rising as its India operations' revenue grows 42% YoY in Q3FY26, driven by robust festive demand. Same-store sales jump 27% and opens 15 new showrooms in India during the quarter.

  • Lodha Developers is rising as its pre-sales grow 25% YoY to Rs 5,620 crore in Q3FY26. However, collections for the quarter decrease by 17% YoY to Rs 3,560 crore. The company adds five new projects in Mumbai, NCR and Bengaluru with a total gross development value (GDV) of Rs 33,800 crore.

  • Titan is rising as its revenue grows 40% YoY in Q3FY26, driven by improvements in the jewellery, watches, CaratLane, and eyecare segments. The company adds 56 new stores during the quarter, expanding its total store network to 3,433.

  • Nifty 50 was trading at 26,125.65 (-53.1, -0.2%), BSE Sensex was trading at 84,620.40 (-442.9, -0.5%), while the broader Nifty 500 was trading at 24,003.30 (-7.2, 0.0%).

  • Market breadth is in the green. Of the 2,097 stocks traded today, 1,124 were in the positive territory and 901 were negative.

Riding High:

Largecap and midcap gainers today include Avenue Supermarts Ltd. (3,841.60, 4.9%), Persistent Systems Ltd. (6,513.50, 4.2%) and Hitachi Energy India Ltd. (19,640, 4.2%).

Downers:

Largecap and midcap losers today include Cipla Ltd. (1,467.90, -4.1%), Mahindra & Mahindra Financial Services Ltd. (360, -3.8%) and Maruti Suzuki India Ltd. (16,809, -2.8%).

Volume Rockets

34 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Tata Elxsi Ltd. (5,853, 9.5%), Elecon Engineering Company Ltd. (517.85, 8.0%) and Sonata Software Ltd. (372.80, 6.0%).

Top high volume losers on BSE were Cipla Ltd. (1,467.90, -4.1%), Maharashtra Scooters Ltd. (13,781, -2.8%) and Star Health and Allied Insurance Company Ltd. (444.55, -1.6%).

Tata Technologies Ltd. (683.50, 5.3%) was trading at 19.3 times of weekly average. Kalyan Jewellers India Ltd. (520.75, 4.1%) and Syngene International Ltd. (658.95, 0.5%) were trading with volumes 9.7 and 8.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

24 stocks overperformed with 52 week highs, while 8 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Bajaj Auto Ltd. (9,789.50, 1.3%), Bharat Heavy Electricals Ltd. (303.55, 2.2%) and Eicher Motors Ltd. (7,597, 1.0%).

Stocks making new 52 weeks lows included - Whirlpool of India Ltd. (872.60, -0.7%) and Mahanagar Gas Ltd. (1,061.60, -1.2%).

18 stocks climbed above their 200 day SMA including Tata Elxsi Ltd. (5,853, 9.5%) and Kalyan Jewellers India Ltd. (520.75, 4.1%). 21 stocks slipped below their 200 SMA including Cipla Ltd. (1,467.90, -4.1%) and Cholamandalam Financial Holdings Ltd. (1,884.50, -2.1%).

 
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The Baseline
06 Jan 2026
Five stocks to buy from analysts this week - January 6, 2026
By Ruchir Sankhla

1. IDFC First Bank: 

ICICI Direct upgrades this bank to a ‘Buy’ rating, with a target price of Rs 100, an upside of 18%. This upgrade reflects the bank's steady loan growth and increasing deposits. IDFC First Bank was formed in 2018 through the merger of IDFC and Capital First. Since then, the bank has steadily shifted its focus towards retail lending, which now accounts for 59% of its total loan book.

Loans jumped 19.7% in the first half of FY26, driven by home, vehicle, and business loans. Deposits grew even faster at 23.4%. Over half of these deposits are low-cost savings accounts. Analysts Vishal Narnolia and Parth Chintkindi expect loan growth to continue at 20% annually through FY28, backed by strong deposits and capital.

The bank recently raised Rs 7,500 crore, boosting its capital reserves. This financial cushion gives it the freedom to expand its retail loans, credit cards, and wealth management services without needing more cash soon.

Narnolia and Chintkindi note that profit margins may be tight for now due to changing loan rates and some stress in the microfinance sector. However, they expect a recovery in the second half of FY26.

2. Bank of Baroda:

Emkay retains its ‘Buy’ call on this PSU bank with a higher target price of Rs 350 per share, an upside of 14.7%. Analysts Anand Dama and Nikhil Vaishnav are optimistic, citing the bank’s healthy returns, strong capital buffer, and attractive valuations.

Management expects loan growth of 11–15%, fueled by its retail, MSME, and corporate divisions. Analysts highlight that growth in agriculture and a favourable exchange rate for its overseas business will also help. While growth was slow in Q2FY26, analysts predict a second-half rebound, driven by demand from renewable energy, data centres, and infrastructure projects.

The bank aims to keep its net interest margin stable at 2.8%. Dama and Vaishnav believe this is achievable through updated deposit rates, better loan recoveries, a higher share of the marginal cost of funds-based lending rate portfolio, and tax refunds. They project the bank's net interest income to grow 9.7% and net profit to grow 5.9% annually through FY28.

3. Ajanta Pharma: 

Motilal Oswal reiterates its ‘Buy’ rating on this pharma company with a target price of Rs 3,145, an upside of 10.6%. Analysts Tushar Manudhane and Eshita Jain note that the company consistently outperforms competitors with its branded generic drugs in India, Asia, and Africa. It is expanding into new regions and adding treatments for chronic conditions, while also strengthening its product range.

In India, the company’s sales team helps it grow 1–2% faster than the overall pharmaceutical market. It focuses on key areas like dermatology, pain management, and gynaecology, making smart acquisitions to bolster its offerings. With 120–150 new products approved each year, its pipeline for future growth remains full.

A new partnership with Biocon to supply the popular weight loss drug semaglutide in 23 countries opens up a major growth opportunity. With few competitors, Ajanta can capture a significant market share. This could add $25–30 million in annual sales by late FY28, with high profit margins of 50–55% driven by low costs.

With Rs 1,000 crore set aside for acquisitions, the company looks ready to buy its way to further growth. Manudhane and Jain project strong annual growth through FY28, forecasting revenue to climb by 11%, and net profit by 16%.

4. Ambuja Cements:

Axis Direct maintains its ‘Buy’ call on this cement manufacturer with a target price of Rs 630 per share, an upside of 11.8%. The stock has dropped 5.4% over the past six months and 2.2% over the quarter. Ambuja Cements’ board approved the merger of its subsidiaries, ACC and Orient Cement, with itself on December 22, 2025.

Analysts Uttam K Srimal and Shikha Doshi believe this merger will make operations more transparent, allow the company to use its factories more effectively, and create a stronger base for future expansion.

Management says the merger will streamline manufacturing and logistics, simplify the corporate structure, and strengthen its finances. This will help the company to improve capital allocation for growth. Analysts note that the move could boost profit margins by over Rs 100 per tonne by cutting costs in sales, branding, and distribution.

Srimal and Doshi highlight that Ambuja Cements’ nationwide presence, cost-cutting, and integration within the Adani group position it well for growth. Strong demand from government infrastructure projects, housing, and private investment have created a favourable market. They forecast annual revenue growth of 15.5% over FY26-27.

5. Shyam Metalics and Energy: 

ICICI Securities maintains its ‘Buy’ call on this iron & steel manufacturer, with a target price of Rs 1,000, an upside of 20%. Its share price has fallen 14.2% over the past three months and 5.2% over the last six months. The company plans to more than double its revenue by FY31 by expanding capacity and focusing on higher-value products.

Shyam Metalics and Energy recently completed a Rs 9,500 crore capex cycle, tripling its revenue in five years. Now, it is focusing on downstream steel, stainless steel, and aluminium. These products offer much higher profit margins than basic steel, creating more predictable earnings and reducing its reliance on fluctuating commodity prices.

Management projects 16–18% annual revenue growth for the next five years, with profits growing even faster thanks to a better product mix. They expect stainless steel revenue to nearly quadruple. Both aluminium and downstream steel could become Rs 10,000 crore businesses. The company plans to fund these expansions using its own cash.

Analysts Vikash Singh and Mohit Lohia forecast annual revenue growth of 18% and net profit growth of 24% over FY26-28. They believe the company's focus on diverse, high-value metals and smart spending will secure its market position and drive long-term earnings.

Note: These recommendations are from various analysts and are not recommendations by Trendlyne.

(You can find all analyst picks here)

 
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Trendlyne Marketwatch
06 Jan 2026
Market closes lower, dragged down by foreign investor outflow and oil & gas stocks
By Trendlyne Analysis

Nifty 50 closed at 26,178.70 (-71.6, -0.3%), BSE Sensex closed at 85,063.34 (-376.3, -0.4%) while the broader Nifty 500 closed at 24,010.50 (-48.0, -0.2%). Market breadth is in the red. Of the 2,590 stocks traded today, 910 showed gains, and 1,623 showed losses.

Indian indices closed lower after dropping in the afternoon session, dragged down by foreign investor outflows and weakness in oil & gas stocks. The Indian volatility index, Nifty VIX, closed flat at 10 points. Steel stocks like SAIL, Tata Steel, and JSW Steel were under pressure after the Competition Commission of India flagged the companies and 25 other firms for breaching antitrust law by colluding on steel prices.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, tracking the benchmark index. Nifty Oil & Gas and S&P BSE Energy were among the worst-performing indices of the day. According to Trendlyne’s sector dashboard, Oil & Gas emerged as the lowest-performing sector of the day, with a fall of 3%.

European indices are trading flat or lower, except the UK’s FTSE 100 and Portugal’s PSI indices. Major Asian indices closed with varied trends. US index futures are trading in the red, indicating a cautious start to the session after the Dow Jones Industrial Average crossed the 49,000 mark for the first time.

  • Relative strength index (RSI) indicates that stocks like Hindustan Copper, Phoenix Mills, National Aluminium, and Coal India are in the overbought zone.

  • National Aluminium Company hits a 52-week high of Rs 351.7 as global aluminium prices climb to a more than three-year high, with London Metal Exchange (LME) prices crossing $3,000 per tonne. A Bloomberg report attributes the price surge to caps on Chinese smelting, high European power costs, tight inventories, and strong demand from construction and renewable energy sector.

  • Reliance Industries is falling sharply as it does not expect any Russian crude oil deliveries in January, which could cut India’s Russian oil imports to multi-year lows. The move follows a warning from US President Donald Trump on higher tariffs on India over Russian oil purchases.

  • NAVA is rising sharply as its subsidiary, Nava Global, plans to buy back 99.2 lakh equity securities from the company for $50 million (~Rs 450 crore). NAVA will continue to hold a 100% stake in the arm and will use the proceeds for acquisitions and projects.

  • Pralay Mondal, MD & CEO of CSB Bank states that the bank's loan-to-value (LTV) ratio for gold loans has dropped below 60%, providing a strong buffer against risks amid rising gold prices, with no material concerns in any portfolio segment. Mondal emphasizes gold loans as a tactical opportunity rather than core strategy, prioritizing diversification into SME and wholesale segments, where yields remain competitive versus peers without downward pressure.

  • Divi's Laboratories is rising as Citi maintains its 'Buy' rating, with a target price of Rs 9,140. The brokerage believes FY26 could mark an inflection point, driven by multiple high-value pipeline catalysts. It highlights Divi’s strong exposure to GLP-1 opportunities, with Tirzepatide expected to contribute in the first half of FY26 and Orforglipron in the second half. It expects strong medium-to-long-term growth, estimating revenue and EBITDA to nearly triple and quadruple, respectively, over FY26-30.

  • GM Breweries touches a new all-time high of Rs 1,328.8 per share as its Q3FY26 net profit surges 91.2% YoY to Rs 42 crore, helped by lower finance and depreciation & amortisation expenses. Revenue jumps 26.1% to Rs 813.4 crore during the quarter. It appears in a screener of stocks with rising net cash flow and cash from operating activities.

  • Indian Energy Exchange rises as its traded electricity volume grows 11.9% YoY to 34.1 billion units (BU) in Q3FY26, led by increased hydro, wind, and coal-based generation, resulting in higher supply liquidity. IEX Green Market achieves a volume growth of 7.2% to 2,647 million units (MU).

  • Emmvee Photovoltaic Power rises over 8% as Jefferies initiates coverage on the stock with a 'Buy' rating and a target price of Rs 320. The brokerage says Emmvee is well positioned to gain from India’s fast-growing solar manufacturing push, supported by strong policy backing and rising domestic demand. It adds that the company’s early move into high-efficiency TOPCon cell technology gives it a competitive advantage.

  • L&T Finance's retail loan book expands 21% YoY to Rs 1.1 lakh crore in Q2FY26. The company's retail disbursements jump 49%, driven by growth in rural demand, and improvements in urban finance and gold finance segments.

  • IndusInd Bank is rising despite reporting a 13.1% YoY fall in net advances to Rs 3.2 lakh crore in Q3FY26. Its total deposits decline 3.2% to Rs 3,94,022 crore. The bank's CASA ratio declines to 30.3%, as compared to 30.7% in Q2FY26.

  • Tata Motors Passenger Vehicles falls as Jaguar Land Rover’s Q3 wholesale and retail volumes drop 43.3% and 25.1% YoY. The decline is due to production disruptions from a major cyber attack, shipment delays after output resumed, wind-down of legacy Jaguar models, and higher US tariffs.

  • Emkay Global upgrades Bajaj Auto to a 'Buy' rating with a higher target price of Rs 11,100. The brokerage says the company has surpassed Mahindra & Mahindra to become the leader in the electric three-wheeler market with a 31.8% share, while also retaining its position as the second-largest player in the electric two-wheeler segment for the fourth straight month.

  • Ddev Plastiks Industries is rising as its board of directors approves expanding in to the battery energy storage system (BESS) by setting up a 5 gigwatt-hour (GWh) BESS manufacturing facility at a capex of Rs 150-200 crore. The company aim to commercialise the facility by FY27.

  • Utkarsh Small Finance Bank is rising as its Q3FY26 total deposits grow 4.5% YoY to Rs 21,087 crore; however, gross loan portfolio drops 3.9%. Its CASA ratio expands 220 bps to 21.9% during the quarter, indicating a reduction in the bank's cost of funds.

  • Shyam Metalics and Energy is falling as its stainless steel sales decline 9.9% QoQ to 22,282 million tonnes (MT) in Q3FY26. Pellet sales decrease 9.5%, while aluminium foil sales reduce by 3%.

  • India’s services PMI slips to an 11-month low of 58 in December from 59.8 in November, signalling slower growth. New business expanded at its weakest pace in 11 months, with demand supported by pricing and client interest but limited by increased competition and lower-cost alternatives.

  • Prabha Energy's Managing Director, Shail Manoj Savla, tenders his resignation, effective December 31, 2025.

  • Axis Bank rises to a new 52-week high of Rs 1,304.6 as its total deposits jump 15% YoY to Rs 1.3 lakh crore in Q3FY26, supported by a 13.9% growth in CASA deposits. Its gross advances rise 14.1% to Rs 1.2 lakh crore during the quarter.

  • Waaree Energies' subsidiary, Waaree Energy Storage Solutions (WESSPL), secures a Rs 1,003 crore funding. The funding is part of the company's Rs 10,000 crore capex for a 20 gigawatt-hour (GWh) lithiom-ion cell and battery manufacturing plant.

  • Hindustan Zinc jumps over 2% as silver prices surge past $79 per ounce, moving to within 6% of a record high. Silver has risen about 9% since the US captured Venezuelan President Maduro, a rally that is expected to further support the stock.

  • KSH International is rising sharply as its Q2FY26 net profit surges 128.9% YoY to Rs 29.6 crore. Revenue jumps 50.9% to Rs 715.7 crore, supported by capacity expansion and strong sales in the export and domestic markets. It features in a screener of stocks with improving return on equity (RoE) over the past two years.

  • Trent's revenue grows 17% YoY to Rs 5,220 crore in Q3FY26, adds 17 Westside and 48 Zudio stores. The company now has a portfolio of 278 Westside and 854 Zudio stores.

  • NBCC (India) receives two orders worth Rs 134.1 crore in Odisha for educational infrastructure projects. The orders include a Rs 45.9 crore project from Maharaja Sriram Chandra Bhanja Deo University and a Rs 88.2 crore contract from the Odisha School Programme Authority. Both projects involve project management consultancy services under government education schemes.

  • Kotak Mahindra Bank is rising as its total deposits jump 14.6% YoY to Rs 5.4 lakh crore in Q3FY26, supported by a 11.9% growth in CASA deposits. Its net advances rise 16% to Rs 4.8 lakh crore during the quarter.

  • Nifty 50 was trading at 26,195.80 (-54.5, -0.2%) , BSE Sensex was trading at 85,267.62 (-172, -0.2%) while the broader Nifty 500 was trading at 24,029.15 (-29.3, -0.1%).

  • Market breadth is in the red. Of the 2,101 stocks traded today, 888 showed gains, and 1,142 showed losses.

Riding High:

Largecap and midcap gainers today include Divi's Laboratories Ltd. (6,642.50, 4.4%), Apollo Hospitals Enterprise Ltd. (7,348, 3.7%) and Fortis Healthcare Ltd. (949, 3.7%).

Downers:

Largecap and midcap losers today include Trent Ltd. (4,047.60, -8.6%), Swiggy Ltd. (361, -4.6%) and Reliance Industries Ltd. (1,507.60, -4.5%).

Volume Rockets

14 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Indian Energy Exchange Ltd. (148.67, 10.6%), Aether Industries Ltd. (997.75, 5.4%) and Crisil Ltd. (4,667.40, 5.1%).

Top high volume losers on BSE were Trent Ltd. (4,047.60, -8.6%), Swiggy Ltd. (361, -4.6%) and Reliance Industries Ltd. (1,507.60, -4.5%).

Dr. Agarwals Health Care Ltd. (514, 2.8%) was trading at 18.4 times of weekly average. NAVA Ltd. (611.20, 4.8%) and Poly Medicure Ltd. (1,787.60, 3.7%) were trading with volumes 11.9 and 11.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

34 stocks overperformed with 52 week highs, while 12 stocks hit their 52 week lows.

Stocks touching their year highs included - Axis Bank Ltd. (1,293.80, 0.6%), Bajaj Auto Ltd. (9,661, 1.7%) and Bank of India (150.66, 0.5%).

Stocks making new 52 weeks lows included - ITC Ltd. (342.45, -2.1%) and United Breweries Ltd. (1,589.50, 0.1%).

13 stocks climbed above their 200 day SMA including Apollo Hospitals Enterprise Ltd. (7,348, 3.7%) and SBI Cards and Payment Services Ltd. (901.55, 3.2%). 26 stocks slipped below their 200 SMA including Swiggy Ltd. (361, -4.6%) and JM Financial Ltd. (143.64, -2.9%).

 
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Trendlyne Marketwatch
05 Jan 2026
Market closes lower, amid rising geopolitical uncertainty due to US military action in Venezuela
By Trendlyne Analysis

Nifty 50 closed at 26,250.30 (-78.3, -0.3%), BSE Sensex closed at 85,439.62 (-322.4, -0.4%) while the broader Nifty 500 closed at 24,058.45 (-40.6, -0.2%). Market breadth is in the red. Of the 2,621 stocks traded today, 931 were on the uptick, and 1,627 were down.

Nifty 50 closed lower after erasing the gains in the morning session. The Indian volatility index, Nifty VIX, rose 6.1% and closed at 10 points. Union Bank of India surged to its 52-week high of Rs 162.9 per share as its Q3FY26 total deposits grew 3.4% YoY to Rs 11.8 lakh crore, and gross advances jumped 7.1%.

Nifty Midcap 100 closed in the red, while Nifty Smallcap 100 closed in the green. BSE Realty Index and Nifty Realty were among the top index gainers today. According to Trendlyne’s Sector dashboard, Realty emerged as the best-performing sector of the day, with a rise of 1.5%.

Asian indices closed mixed, while European indices are trading higher except Russia’s MOEX & RTSI indices. US index futures traded in the green, indicating a positive start to the trading session. Brent crude oil futures are trading lower after the US attack on Venezuela over the weekend reduced its oil output to about 900,000 barrels per day. US President Donald Trump said Washington would administer Venezuela until new elections and allow US oil firms to control production. Markets also weighed the OPEC+ decision to keep output unchanged amid rising Saudi Arabia–UAE tensions over Yemen.

  • Money flow index (MFI) indicates that stocks like Hindustan Copper, Ashok Leyland, IDBI Bank, and Force Motors are in the overbought zone.

  • Samvardhana Motherson International’s subsidiary, Motherson Electronic Components (MECPL), receives approval for incentives under the government’s PLI-linked Electronics Components Manufacturing Scheme (ECMS). The incentives will run from FY26 to FY31, with expected investments of about Rs 1,900 crore over the period. MECPL plans to create over 5,000 employment opportunities at its plant in Kanchipuram, Tamil Nadu, during the course of these incentives.

  • Central Bank of India's total deposits jump 13.2% YoY to Rs 4 lakh crore in Q3FY26, CASA deposits rise 8.5%. Gross advances grow 19.6% to Rs 2.7 lakh crore. However, the bank's CASA ratio falls 206 bps to 47.1% during the quarter, indicating an increase in its cost of funds.

  • InCred Equities initiates coverage on Tata Motors (TMCV) with an 'Add' rating and a target price of Rs 513. The brokerage sees a cyclical recovery in commercial vehicle demand, led by small truck operators, supported by a GST rate cut and improving freight rates. InCred expects double-digit volume growth, with GST savings on inputs like tyres, lubricants, and spares boosting cash flows for small transporters.

  • KPI Green Energy rises as its subsidiary, Sun Drops Energia, secures an order from Gujarat Urja Vikas Nigam (GUVNL) to develop self-owned standalone Battery Energy Storage System (BESS) projects with a total capacity of 445 MW at multiple locations in Gujarat.

  • YES Bank is rising as its Q3FY26 total deposits grow 5.5% YoY to Rs 2.9 lakh crore, and gross advances rise 5.2%. Its CASA ratio expands 90 bps to 34% during the quarter, indicating a reduction in the bank's cost of funds.

  • PC Jeweller is rising sharply as its standalone revenue jumps 37% YoY in Q3FY26. The company also receives approval from the Uttar Pradesh government to set up 1,000 jewellery retail franchisee stores.

  • JM Financial initiates coverage on Adani Power with a 'Buy' rating and a target price of Rs 178. The brokerage cites the company’s strong execution, operational efficiency, and growth potential amid rising power demand. It adds that thermal power will remain vital to India’s growth, with peak demand projected at 386 GW by FY32 and over 700 GW by 2047, making reliable base-load generation essential alongside renewables.

  • AU Small Finance Bank rises to a new 5-year high of Rs 1,026.8 per share as its total deposits jump 23.3% YoY to Rs 1.4 lakh crore in Q3FY26, supported by a 16.1% growth in CASA deposits. Its gross advances rise 24% to Rs 1.3 lakh crore during the quarter.

  • Corona Remedies is rising sharply as its Q2FY26 net profit grows 23% YoY to Rs 52.3 crore, helped by lower raw materials and finance costs. Revenue jumps 14.9% to Rs 363.4 crore during the quarter. It features in a screener of stocks with improving cash flow from operations over the past two years.

  • IDBI Bank is falling despite a 12% YoY rise in total business in Q3FY26. Its net advances rise 15% to Rs 2,38,806 crore, underscoring the bank’s improved credit offtake and demand revival. The bank's total deposits rise 9% to Rs 3,07,828 crore during the quarter.

  • Following US raids on Venezuela over the weekend, Jefferies says a potential US takeover could ease sanctions on Venezuelan crude, allowing Reliance Industries to source oil at a $5–8 per barrel discount to Brent and boost margins, while ONGC could recover about $500 million in unpaid dividends from the San Cristobal field. Jefferies also warns that a revival in Venezuelan output may pressure global oil prices in the medium term.

  • Amber Enterprises rises sharply as its subsidiaries, Ascent-K Circuit and Shogini Technoarts, receive approval under the Electronics Components Manufacturing Scheme (ECMS). The approval allows participation in the government-backed programme that supports domestic electronic component manufacturing.

  • Bondada Engineering is rising as it secures an order worth Rs 627 crore from the Transmission Corp of Andhra Pradesh (AP TRANSCO) to set up a 225 MW battery energy storage system.

  • Bandhan Bank is rising as its advances jump 10% YoY to Rs 1.5 lakh crore in Q3FY26, while deposits increase by 11.1% YoY. However, the bank's CASA ratio plunges 447 bps to 27.3% during the quarter, indicating an increase in its cost of funds.

  • Citi downgrades ITC to a 'Sell' rating with a lower target price of Rs 320. The brokerage flagged a recent 40% hike in excise duty on cigarettes, warning it could fuel illicit trade and hurt volumes. Citi has cut its FY27–28 EPS estimates by 23–25%, citing wider concerns over profitability in ITC’s tobacco business, with pressure expected on both volumes and margins.

  • HDFC Bank's deposits grow 12.2% YoY to Rs 27.5 lakh crore, advances jump 11.9% to Rs 28.4 lakh crore in Q3FY26. The bank's CASA deposits rise 10.1% during the quarter.

  • Equitas Small Finance Bank surges as its Q3FY26 total deposits grow 7.2% YoY to Rs 43,668 crore, and gross advances rise 15.9%. Its CASA ratio expands 100 bps to 30% during the quarter, indicating a reduction in the bank's cost of funds.

  • Union Bank of India surges to its 52-week high of Rs 161.4 per share as its Q3FY26 total deposits grow 3.4% YoY to Rs 11.8 lakh crore, and gross advances jump 7.1%. CASA ratio rises 53 bps to 34% during the quarter, indicating a reduction in the bank's cost of funds.

  • Motilal Oswal remains bullish on India’s defence sector, reaffirming a ‘Buy’ rating on Bharat Electronics (BEL), Bharat Dynamics, HAL, and Astra Microwave, while keeping Zen Technologies at ‘Neutral.’ BEL is its top pick, with Q3 profit expected to rise 13% YoY to Rs 1,487.3 crore and revenue projected to grow 17.8% to Rs 6,780 crore.

  • Sobha is rising sharply as its sales grow 52.3% YoY to Rs 2,115.2 crore in Q3FY26, supported by a 51% jump in Bangalore. Average price realisation increases 13% to Rs 1,543.6 per sq ft.

  • V-Mart Retail rises as its total sales grow 19% YoY to Rs 1,126 crore in Q3FY26. Same-store sales growth remains flat, as a larger part of Durga Puja sales shifts to Q2 this year compared with last year. The company opens 23 stores and closes two, taking the total store count to 554.

  • Jammu & Kashmir Bank is rising as its Q3FY26 total deposits grow 10.6% YoY to Rs 1.6 lakh crore, and gross advances rise 17.3%. However, its CASA ratio drops 407 bps to 44.1% during the quarter, indicating an expansion in the bank's cost of funds.

  • Avenue Supermarts' (D-Mart's) standalone revenue grows 13.2% YoY to Rs 17,612.6 crore in Q3FY26. The company adds 18 new stores during the quarter, bringing its total store count to 442.

  • Nifty 50 was trading at 26,340.25 (11.7, 0.0%), BSE Sensex was trading at 85,757.52 (-4.5, 0.0%), while the broader Nifty 500 was trading at 24,133.40 (34.4, 0.1%).

  • Market breadth is in the green. Of the 2,188 stocks traded today, 1,252 showed gains, and 849 showed losses.

Riding High:

Largecap and midcap gainers today include Union Bank of India (162.36, 3.6%), Voltas Ltd. (1,476.80, 3.3%) and Solar Industries India Ltd. (12,730, 3.2%).

Downers:

Largecap and midcap losers today include Waaree Energies Ltd. (2,714.30, -5.3%), Mahindra & Mahindra Financial Services Ltd. (384.20, -4.7%) and Cummins India Ltd. (4,309.80, -3.8%).

Crowd Puller Stocks

24 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Netweb Technologies India Ltd. (3,274.60, 8.3%), Ola Electric Mobility Ltd. (43.93, 7.4%) and Metropolis Healthcare Ltd. (2,050.50, 6.1%).

Top high volume losers on BSE were Premier Energies Ltd. (787.75, -6.9%), Waaree Energies Ltd. (2,714.30, -5.3%) and Life Insurance Corporation of India (846.20, -1.7%).

Jubilant Ingrevia Ltd. (750.75, 3.4%) was trading at 21.4 times of weekly average. Sobha Ltd. (1,576.90, 5.8%) and Aegis Logistics Ltd. (729.90, 0.5%) were trading with volumes 14.2 and 9.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

41 stocks took off, crossing 52 week highs, while 7 stocks hit their 52 week lows.

Stocks touching their year highs included - AIA Engineering Ltd. (4,078, -0.3%), Ashok Leyland Ltd. (187.76, -0.5%) and Bajaj Auto Ltd. (9,497.50, -0.1%).

Stocks making new 52 weeks lows included - Jubilant Foodworks Ltd. (539.05, -2.5%) and Page Industries Ltd. (35,615, -0.5%).

37 stocks climbed above their 200 day SMA including Sobha Ltd. (1,576.90, 5.8%) and Data Patterns (India) Ltd. (2,731.30, 4.2%). 14 stocks slipped below their 200 SMA including Bikaji Foods International Ltd. (718.05, -2.4%) and Hexaware Technologies Ltd. (737, -2.3%).