Here are the key stocks to watch in Wednesday’s trading session, with Brent crude surging above $106 per barrel — up 11% this week on Iran war ceasefire uncertainty — setting the tone across energy, aviation and paint names while corporate results, deal announcements and regulatory developments drive stock-specific moves across the board.
Stocks to Watch
ONGC and Oil India are in focus as the primary beneficiaries of the crude rally. Brent crude extending its upmove to above $106 per barrel — up 11% this week — directly improves realisations for upstream oil producers. Both stocks should see positive sentiment driven by the sustained Iran war supply disruption that has pushed crude to levels that significantly improve the economics of Indian upstream operators.
IEX reports strong operational metrics with FY26 electricity volumes up 17% and Q4 EBITDA up 23% year-on-year — a clean volume and margin growth story in the power exchange space that reflects India’s growing power market depth and liquidity.
Tata Capital disclosed Q4 AUM grew 20% year-on-year with improving asset quality — a positive set of metrics for the Tata Group’s financial services arm that signals healthy lending growth without credit quality deterioration.
HG Infra has sold its arm HG Raipur for ₹282 crore to Neo Infra Income Opportunities Fund — an asset monetisation that will improve the balance sheet and potentially redeploy capital into higher-return projects.
IKS Health — its US arm is acquiring 100% stake in TruBridge at an enterprise value of $565 million — a significant inorganic growth move in the US healthcare technology space that expands IKS’s capabilities and addressable market.
Aditya Birla Real Estate reports FY26 collections up 23.5% year-on-year and ₹8,136 crore in booking value — strong residential real estate demand metrics that confirm the sector’s momentum through FY26 despite macro headwinds.
CIE Automotive reports both India and Europe businesses seeing over 15% revenue growth in Q1 — broad-based geographic growth that is the most encouraging data point in an auto ancillary results season characterised by uneven demand.
Mahindra Logistics — EBITDA up 44.6% with margin expanding to 6.3% from 5% year-on-year — the turnaround article we covered extensively, now entering market focus through the stocks-to-watch lens.
Himadri Specialty Chemical — EBITDA up 21% and revenue rising 145% year-on-year — a standout revenue growth number that reflects either a low base, a significant capacity addition or a combination of both in the specialty chemicals space.
Equitas Small Finance Bank — PN Vasudevan has received RBI approval for a three-year term from July as MD and CEO — management continuity clarity that removes an overhang and provides stability for the bank’s strategic execution.
Gujarat Themis Biosyn — acquiring 13 drugs from Sanofi for €158 million in cash — a significant portfolio acquisition that substantially expands its product pipeline in one transaction.
Infosys — weakest constant currency revenue growth in four quarters and FY27 guidance below estimates at 1.5%-3.5% CC growth with 20%-22% operating margin. Despite the strong absolute PAT and revenue numbers in Q4, the guidance reset is what will drive the stock in Wednesday’s session. The CC sequential decline of 1.3% and the headcount fall of 8,440 are the metrics that amplify the guidance concern.
OMCs and Paint Companies — the same crude rally that lifts ONGC crushes oil marketing companies and paint manufacturers. Brent above $106 means margin pressure for HPCL, BPCL and IOC — which are already absorbing losses under the government’s price freeze — and higher titanium dioxide and solvent input costs for Asian Paints, Berger Paints and Kansai Nerolac.
IndiGo — has received a warning letter from DGCA regarding domestic airfares in December. Regulatory warnings on pricing add compliance risk and reputational pressure to an airline already navigating elevated fuel costs from the crude rally.
United Breweries — Heineken reports net India revenue growth in low single digits and total volume growth in mid-single digits — below the double-digit growth trajectory that premium beer in India had been delivering. Demand softness in the alcohol category is a concern for UBL’s near-term earnings trajectory.
Cyient — constant currency revenue growth down 7.2% and a buyback of up to ₹720 crore announced alongside what were already disappointing Q4 FY26 results with a 64.86% PAT collapse. The buyback signals management confidence in the stock’s undervaluation but does not address the operational headwinds.
GMR Airports — Groupe ADP is selling up to 7.3% stake to the GMR Promoter Group — a secondary stake transaction that changes the ownership structure and may create near-term supply pressure on the stock.
LTIMindtree — CC revenue growth at 1.2% versus estimate of 1.4% and margins down 100 basis points quarter-on-quarter — a marginal miss on growth and a meaningful miss on margins in a results season where IT stock reactions are being driven by guidance and margin trajectories.
Adani Energy Solutions — EBITDA down 4.7% and margin at 28.8% versus 35.3% year-on-year — the margin compression story we covered in detail, now entering the market’s focus as a stock-specific underperformer in the infrastructure space.
UTI AMC — market share losses continuing with elevated costs leading to margin pressure — a twin headwind of competitive distribution challenges and cost inflation that has been weighing on UTI’s financial performance relative to HDFC AMC and ICICI Prudential AMC.
Bluestone — revenue up 49% and same-store sales growth at 34% year-on-year — strong growth metrics but likely raising questions about profitability and cash burn at the current pace of expansion in a competitive jewellery retail market.
Waaree Energies — the United States has set preliminary anti-dumping duties on solar imports from India — a significant adverse development for the largest Indian solar module exporter with a major US-facing business. The preliminary ADD imposition is the trigger the market has been fearing for Waaree’s export economics.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers are advised to consult a SEBI-registered financial advisor before making investment decisions.