News

Stocks to Watch Today (January 06, 2026): Indian equity markets are likely to see stock-specific action on Tuesday as investors track a key regulatory hearing, quarterly business updates from major lenders, December operating data, and several corporate developments across energy, power, FMCG, retail, and logistics stocks.

The Appellate Tribunal for Electricity (APTEL) will hear IEX’s petition against the power regulator CERC’s market coupling order. The outcome could be a key trigger for the stock.

The company is scheduled to announce its quarterly results today.

Anchor lock-in for 8 per cent of the shareholding will open today.

The company will declare its quarterly results during the session.

The bank reported a healthy Q3 update. Total deposits rose 14.6 per cent year-on-year to around Rs 5.43 lakh crore, while net advances increased 16 per cent. CASA deposits grew nearly 12 per cent.

Axis Bank posted steady Q3 growth, with total deposits rising 15 per cent year-on-year and gross advances increasing 14.1 per cent.

The lender reported pressure on its balance sheet. Q3 deposits declined 3.8 per cent year-on-year, while net advances fell 13.1 per cent. CASA ratio also dropped sharply.

The bank reported modest deposit growth of 4.5 per cent in Q3, while gross loans declined 3.9 per cent. CASA ratio improved to 21.9 per cent.

The NBFC reported strong retail momentum. Retail loan book grew 21 per cent year-on-year, while retail disbursements surged 49 per cent in Q3.

The Tata Group retailer posted 17 per cent year-on-year growth in standalone Q3 revenue. The company added 17 Westside and 48 Zudio stores during the quarter.

The company guided for mid single-digit consolidated revenue growth in Q3. Management expects profit growth to outpace revenue growth, supported by strong home and personal care demand.

The company reported low single-digit volume growth in Q3. Edible oil and FMCG segments performed well, while castor and de-oiled cake businesses remained weak.

Electricity traded volumes rose 2.8 per cent year-on-year in December. Q3 volumes increased 11.9 per cent, though average power prices declined on an annual basis.

The company’s renewable arm crossed 1 GWp of rooftop solar installations in 9MFY26. Q3 installations jumped sharply on a year-on-year basis.

The miner reported its best-ever Q3 and nine-month production numbers. Manganese ore production rose 3.7 per cent year-on-year.

The company reported strong December performance, with container freight station volumes rising 18 per cent year-on-year.

ONGC entered the ethane shipping segment through a joint venture with Japan’s Mitsui O.S.K. Lines. Separately, a gas leak was reported at the Mori field in Andhra Pradesh, with no casualties reported.

Subsidiary Waaree Energy Storage Solutions raised Rs 1,003 crore from strategic investors to set up advanced lithium-ion cell and battery manufacturing capacity.

The company received two project management consultancy orders worth a combined Rs 134 crore.

Mahindra launched the XUV 7XO in India with an introductory price of Rs 13.66 lakh. Test drives will begin on January 8, while bookings open on January 14.

The food delivery major launched ‘EatRight’ across 50 cities, targeting health-conscious consumers with high-protein and low-calorie food options.

The company said a key managerial person mistakenly shared Q3 financial information on WhatsApp. The post was deleted within an hour, and an internal inquiry will be initiated.

The board approved entry into the battery energy storage system segment. The company plans to set up a 5 GWh BESS manufacturing facility by FY27 with an initial investment of Rs 150–200 crore.

Abhay Shukla is a Senior Sub-Editor at Zee Business, specializing in the analysis and reporting of stock markets, corporate news, personal finance, technology, and the auto sect