India’s equity benchmarks are expected to open flat to slightly negative on January 23, tracking weak early global cues. With broader market sentiment cautious, several stocks are likely to remain in focus on the back of company-specific developments, earnings updates, and strategic announcements.
Stocks to Watch Today – January 23
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DLF: Company has turned gross debt-free for the first time since its IPO.
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Coforge: Constant currency revenue growth reported at 4.4% versus estimate of 3.5%; labour code impact quantified at ₹118 crore.
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Mphasis: Q3 performance in line with estimates; constant currency revenue growth stood at 1.5%.
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Bandhan Bank: Net interest margin improved by 6 basis points QoQ; management indicated cost of funds may soften further.
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United Spirits: Adar Poonawalla stated on X that a strong bid for RCB is likely over the next few months.
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Home First Finance: Assets under management increased 25%; net interest income rose 49% YoY.
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BlueStone: Revenue grew 27.5% YoY; same-store sales growth reported at 12.0% YoY.
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NTPC Green: Signed MoU with Uttar Pradesh government for renewable energy and green hydrogen projects.
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IRB Infrastructure: Commenced tolling on TOT-17 project; paid upfront concession fee of ₹9,270 crore to NHAI.
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Sterlite Technologies: Collaborated with Colt Technology Services for multi-core fibre trials in London.
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Adani Energy: EBITDA rose 10% YoY; revenue increased 15.4% YoY.
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Zensar Technologies: Operating margin improved to 17.5% from 15.5%; constant currency revenue declined 1.3% QoQ.
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Ixigo: EBITDA increased 23.8%; net profit rose 56.13% YoY.
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Ashoka Buildcon: Secured an order worth ₹308 crore from Public Works Department, Daman.
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Go Digit: Gross written premium grew 8.7%; net profit rose 37% YoY.
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Tanla Platforms: EBITDA increased 17%; revenue rose 12% YoY.