Stocks in Focus Today: ITC Hotels, Tata Capital, Ola Electric, Adani Power, LTIMindtree

Indian equity markets began the week on a subdued note, slipping close to half a percent amid negative global and domestic cues. The broader market sentiment remained cautious, with benchmark indices extending their near term corrective phase. The Nifty has moved below the key support zone near 25,600, indicating continued pressure in the short term, while the next support is placed around the 25,300 to 25,400 range. Any rebound is expected to face resistance near the 25,600 and 25,800 levels

Stocks to Watch as Q3 Results Are Due​

Shares of Persistent Systems, United Spirits, AU Small Finance Bank, ITC Hotels, and IndiaMART are likely to be in focus as these companies are scheduled to announce their third quarter results today.

Tata Capital Reports Strong Q3 Performance​

Tata Capital reported a 17 percent year on year rise in its consolidated net profit for the December quarter at ₹1,257 crore, compared with ₹1,076 crore in the same period last year. Total revenue from operations grew 12 percent to ₹7,975 crore in Q3 FY26, up from ₹7,104 crore a year earlier.

LTIMindtree Sees Profit Decline in December Quarter​

IT services firm LTIMindtree posted an 11 percent year on year decline in consolidated net profit at ₹971 crore for the December quarter, compared with ₹1,085 crore in the corresponding period last year. The reported profit after tax is attributable to the company’s shareholders.

Ola Electric Appoints New Chief Financial Officer​

Electric two wheeler manufacturer Ola Electric has appointed Deepak Rastogi as its new Chief Financial Officer, effective January 20. Rastogi previously served as Group Finance Chief at Puravankara. He will succeed Harish Abichandani, who had been serving as CFO since November 2023 and oversaw the company’s public listing in 2024.

NCLAT Clears Adani Power Acquisition​

Adani Power received a key legal clearance after the insolvency appellate tribunal upheld its acquisition of Vidarbha Industries Power. The tribunal also dismissed petitions challenging the earlier approval granted for the transaction, providing relief to the company on the acquisition front.

Raymond Lifestyle Appoints New CEO​

Raymond Lifestyle announced the appointment of Satyaki Ghosh as its Chief Executive Officer with immediate effect. Ghosh brings over 25 years of experience across FMCG, textiles, retail, and consumer focused businesses, covering both B2B and B2C segments.

ACME Solar Commissions Wind Power Capacity in Gujarat​

Renewable energy company ACME Solar said it has commenced operations of 68 MW capacity from its 100 MW wind power project located in Surendranagar, Gujarat. The project is being commissioned in phases through its subsidiary ACME Eco Clean Energy.