Top stocks to watch in trade today: Tech Mahindra, JSW Group, Neuland Labs, Railtel, PNB Housing and more

Indian stock markets are poised for a bullish opening today, as indicated by GIFT Nifty futures. This optimism comes after a mixed session yesterday, where the BSE Sensex surged by 1,235 points (1.60%) to close at 75,838.36, and the Nifty50 climbed 320 points (1.35%) to settle at 23,024.65. Here’s a look at key stocks that are likely to be in focus today:

Stocks in Focus on January 22

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Tech Mahindra

Tech Mahindra’s CEO anticipates 2026 to be a year of “explosive” growth, suggesting strong future potential for the IT giant.

JSW Group

The company plans a massive investment of ₹3 lakh crore in Maharashtra, focusing on key sectors, signaling long-term growth prospects.

Neuland Laboratories

The firm has announced a ₹342-crore investment to expand capacity at its Telangana units, boosting its manufacturing capabilities.

Railtel

Railtel Corporation has secured a work order worth ₹46.79 crore, which is likely to positively impact its revenue.

MSTC

MSTC has successfully concluded the strategic disinvestment of its wholly owned subsidiary, FSNL, marking a key corporate milestone.

IDBI Bank

The selloff process is gaining momentum as potential suitors have gained data access, according to ET sources.

HCL Technologies

HCL has launched a new 320,000 square foot center that will house 5,000 employees, reflecting its expansion strategy.

Supreme Power

The company has secured an ₹21.30 crore order from a Chennai-based electric firm for the supply of distribution transformers.

SBEC Systems

SBEC Systems has commenced the installation of a 545 KWp solar plant in Modi Nagar, Uttar Pradesh, advancing its renewable energy agenda.

ICICI Prudential Life Insurance

ICICI Pru reported a 43% surge in net profit to ₹326 crore, with net premium income increasing to ₹12,261 crore, up from ₹9,929 crore year-on-year (YoY).

PNB Housing Finance

The company’s net profit rose by 36% to ₹471.4 crore, while net interest income increased by 15% YoY to ₹764.5 crore.

KEI Industries

KEI Industries reported a rise in net profit to ₹164.8 crore from ₹150.6 crore YoY, with revenue climbing to ₹2,467.2 crore from ₹2,059.3 crore YoY.

Indiabulls Enterprises

The company announced a new real estate project in Ludhiana, Punjab, covering 24.5 acres and featuring a saleable area of 43.20 lakh square feet.

JMJ Fintech

JMJ Fintech has unveiled a rights issue plan to raise up to ₹49 crore through equity shares.

Bajaj Auto

The company has received an order worth ₹2.32 crore from the Assistant Commissioner, Guwahati-I Division, CGST & CX, related to discrepancies in E-way bills.

Kirloskar Brothers

Kirloskar Brothers has filed a lawsuit against Kirloskar Proprietary Ltd concerning trademark license termination.

Tata Technologies

Tata Technologies reported a net profit of ₹168.6 crore, slightly down from ₹170.2 crore YoY, with revenue increasing to ₹1,317.4 crore from ₹1,289.5 crore YoY.

Kinetic Engineering

The company announced a significant ₹177-crore investment, primarily from promoters, to drive growth and achieve a revenue target of ₹1,000 crore by 2029.

Centum Electronics

Centum Electronics plans to invest €2 million in its subsidiary, Centum T&S Group SA, via its wholly owned UK subsidiary.

Winro Commercial

The company has announced an investment in Urudavan Investment and Trading Private Limited.

Cyient DLM

Cyient DLM posted a net profit of ₹4 crore, down from ₹6 crore YoY, while revenue increased to ₹444 crore from ₹321 crore YoY.

Indian Hotels

Indian Hotels reported a net profit of ₹582 crore against a poll estimate of ₹603 crore, with revenue at ₹2,533 crore exceeding expectations of ₹2,429 crore.

Jana Small Finance Bank

Jana Small Finance Bank’s net profit stood at ₹110.6 crore, down from ₹134.6 crore YoY, while net interest income increased to ₹593 crore from ₹548.5 crore YoY.

Advance Petrochemicals

The resignation of its Company Secretary and Compliance Officer, Mr. Mohit Asawa, effective January 21, 2025, has been announced.

Hester Biosciences

The company has received a GST demand order worth ₹3.25 million, including penalties, for FY 2017-18 to FY 2020-21.

Kilitch Drugs (India)

The company invested $200,000 in Kilitch Estro Biotech, bolstering its portfolio.

ABFRL

Aditya Birla Fashion and Retail Limited successfully completed a ₹1,860 crore fundraising via a Qualified Institutional Placement.

IndiaMART

IndiaMART posted a net profit of ₹121 crore, up from ₹81.9 crore YoY, with revenue rising to ₹354 crore from ₹305 crore YoY.

Tanla Platforms

Tanla Platforms reported a 15.4% decline in net profit to ₹118.5 crore, with revenue dipping slightly to ₹1,000.4 crore from ₹1,002.6 crore YoY.

Dalmia Bharat

The company’s net profit fell to ₹66 crore from ₹266 crore YoY, while revenue dropped to ₹3,181 crore from ₹3,604 crore YoY.

India Cements

India Cements posted a net loss of ₹428.8 crore compared to a loss of ₹16.5 crore YoY, with revenue declining to ₹903.2 crore from ₹1,082 crore YoY.

Rossari Biotech

Rossari’s net profit declined by 7.6% to ₹31.7 crore, despite a 10.6% revenue increase to ₹512.7 crore YoY.