The benchmark indices, SENSEX and NIFTY50, witnessed a sharp reversal on Monday, January 12, after staying deep in the red in the first half of the session.
Intra-day, SENSEX fell as much as 0.86% to 82,861.07 due to selling in media and stocks, persistent FII outflow, and concerns over further US tariffs on Indian exports. Furthermore, geopolitical developments also dampened investor sentiment. The NIFTY50 had reached the session's low of 25,473.40. However, the indices recovered and were later trading in the green.
At the time of writing this article, the S&P BSE SENSEX was trading at 83,623.17, up by 46.93 points or 0.06%, while the NIFTY50 jumped 37.75 pointd or 0.15% to 25,721.05.
Furthermore, the volatility gauge, India VIX, on January 12, surged over 9%.
According to exchange data, on Friday, the foreign institutional investors (FIIs) sold shares worth ₹3,609 crore, while the domestic institutional investors (DIIs) bought equities worth ₹5,341.01 crore on a net basis.
The NIFTY50 index was dragged down by selling in the shares of Eicher Motors (-1.60%), Eternal (-1.16%), Bajaj Finance (-1.12%), Larsen & Toubro (-1.06%), and Bharat Electronics (-1.06%), which were among the top losers.
On the flipside, the top winners included Coal India (up 2.77%), Asian Paints (1.89%), Trent (1.43%), SBI Life Insurance Company (1.26%) and Hindalco Industries (0.99%).
Buzzing stocks on January 12: Check list
Avenue Supermarts
Shares of Avenue Supermarts, the owner of the largest retail chain, Dmart, advanced as much as 3.09% to an intraday high of ₹3,918.60 apiece on the National Stock Exchange (NSE) in early trade on Monday, before dipping into the negative territory.
This comes after the company announced its Q3 FY26 earnings on Saturday, posting an 18.27% year-on-year (YoY) surge in its consolidated net profit to ₹855.92 crore for the third quarter of the 2025-26 financial year (Q3FY26). In the corresponding period a year earlier, it had logged a profit of ₹723.72 crore.
The company posted a 13.32% annual increase in its revenue from operations to ₹18,100.88 crore during the reporting quarter, compared to ₹15,972.55 crore in the December quarter of FY25.
Its EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹1,463 crore in the December quarter of FY26, marking a 20.21% YoY jump from ₹1,217 crore in the year-ago period. Its EBITDA margin expanded to 8.1% during the quarter under review, from 7.6% in Q3FY25.
Signature Global
The stock of Signature Global plunged as much as 7.12% to a 52-week low of ₹935.90 per equity share on Monday, after reporting its Q3 business update.
In a regulatory filing on Sunday, the company reported a 27% year-on-year (YoY) decline in its sales bookings to ₹2,020 crore in the third quarter of FY26, despite high festive demand for housing properties.
"The overall market environment has turned softer and that has impacted us," the realtor said.
The Gurugram-based company sold properties worth ₹2,770 crore in the December quarter of the 2024-25 fiscal year (Q3FY25).
The company admitted that it would not be able to meet its pre-sale guidance of ₹12,700 crore for the full 2025-26 financial year (FY26), which it stated "looked comfortable a few months back."
It added that it will still attempt to maintain sales at the same levels as last year.
IREDA
Shares of IREDA advanced as much as 4.16% to the session's peak of ₹142.30 per unit, as it posted its results for the third quarter of FY26.
It reported a 38% year-on-year (YoY) increase in its net profit to ₹584.91 crore during the quarter under review, compared to ₹425.38 crore it logged in the year-ago period.
The NBFC witnessed a 25% annual surge in its revenue from operations to ₹2,130 crore for Q3FY26, from ₹1,698 crore in the December quarter of FY25.
It reported an improvement in asset quality on a sequential basis, with gross non-performing assets (Gross NPA) decreasing to 3.75% in Q3 FY26, compared to 4.13% in the previous quarter. Similarly, its net non-performing assets (Net NPA) were down to 1.68%, from 1.97% in the previous quarter.
On a YoY basis, however, its asset quality declined as Gross NPA stood at 2.68% and Net NPA was at 1.50% in Q3FY25
Tejas Networks
Shares of Tejas Networks tumbled as much as 12.68% to hit the day's low of ₹364.25 apiece on the NSE, after the company released its December quarter earnings on Friday, January 9, post-market hours.
The domestic telecom gear maker on Friday reported a ₹196.55 crore consolidated loss for the second straight quarter in the October-December period, mainly due to lower sales, including the deferment of a purchase order from state-owned BSNL.
The company had posted a profit of ₹165.67 crore a year ago.
Its consolidated revenue from operations plunged by about 88% to ₹306.79 crore during the reported quarter from about ₹2,642 crore logged in the December 2024 quarter.
TCS, HCLTech
TCS and HCLTechnologies stocks are in focus on January 12, as both the NIFTY50 heavyweights are set to release their results for the December quarter of the 2025-26 financial year (Q3FY26).
According to experts, TCS is expected to report low single-digit growth in revenue and net profit. Meanwhile, investors' focus will be on revenue from AI-related services, new deals won, and progress on data centre investments.
The Tata Group company is expected to report a marginal rise of 1% to 3% quarter-on-quarter (QoQ) in revenue, ranging from ₹66,230 to ₹66,730 crore, compared to ₹65,799 crore in the previous quarter and ₹63,973 crore in Q3FY25.
Meanwhile, HCL Tech's Q3 revenue is expected to rise by a low single digit. Revenue is expected to remain within the range of ₹31,330 to ₹33,100 crore, representing growth of 4% to 5% quarter-on-quarter and 10% to 11% year-on-year. This increase in revenue is mainly due to an increase in deal wins, high growth in key sectors, and foreign exchange gains.
Shakti Pumps
Shakti Pumps shares gained as much as 6.79% the day's peak of ₹731.65 apiece, after it bagged an order worth ₹654.03 crore for the installation of 16,780 solar PV water pumping systems from Karnataka Renewable Energy Development Ltd.
Lemon Tree Hotels
Lemon Tree Hotel stocks surged as much as 4.11% to an intraday high of ₹155.99 per unit as the company on Saturday said its board has approved Warburg Pincus' acquisition of a 41.09% stake of APG Strategic Real Estate Pool NV in its subsidiary Fleur Hotels and an investment of ₹960 crore in tranches.
The acquisition will be done by Coastal Cedar Investment BV, an affiliate of Warburg Pincus. The Lemon Tree Hotels board has approved the execution of a share purchase agreement enabling the acquisition by Coastal Cedar, a regulatory filing said.
Its board has also approved execution of an agreement providing for a primary investment of up to ₹960 crore by Warburg Pincus in tranches to support the future growth of Fleur, which will be listed separately on the exchanges.
source: Upstox
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