Stocks in news: ITC Hotels, Tata Capital, Ola Electric, LTIMindtree & Adani Power
Markets started the week on a weak note and declined nearly half a percent, pressured by negative cues. From a technical perspective, analysts say the Nifty's break below the key support zone near 25,600 signals a continuation of the near-term corrective trend, with the next support placed around the 25,300–25,400 range.
"In the event of a rebound, the 25,600 level followed by the 25,800 zone is likely to act as strong resistance. Despite the prevailing weakness in the index, select sectors and themes continue to show relative strength. Participants are therefore advised to align their positions accordingly, focusing on sectoral leadership and maintaining disciplined risk management," said Ajit Mishra – SVP, Research, Religare Broking.
In today's trade, shares of ITC Hotels, Tata Capital, Ola Electric, Adani Power, LTIMindtree among others will be in focus due to various news developments and third quarter results.
Persistent, United Spirits, Au Small Finance Bank, ITC Hotels, IndiaMART
Shares of Persistent Systems, United Spirits, Au Small Finance Bank, ITC Hotels and IndiaMART will be in focus as the companies will announce their third quarter results today.
Tata Capital
Tata Capital reported a 17% jump in its December quarter consolidated net profit at Rs 1,257 crore compared to Rs 1,076 crore reported in the year ago period. The company's total revenue from operations stood at Rs 7,975 crore in Q3FY26, up 12% versus Rs 7,104 crore in the corresponding quarter of the last financial year.
LTI Mindtree
IT services company LTIMindtree reported an 11% drop in its December quarter consolidated net profit at Rs 971 crore compared to Rs 1,085 crore posted in the year ago period. The profit after tax (PAT) is attributable to the shareholders of the company.
Ola Electric
Electric two-wheeler maker Ola Electric named Deepak Rastogi as its new finance chief, effective January 20. Rastogi, who most recently was the group finance chief of property developer Puravankara, will succeed Harish Abichandani, Ola said. Under Abichandani, who had been the CFO of Ola Electric since November 2023, the company went public in a blockbuster debut in 2024.
Adani Power
Insolvency appellate tribunal NCLAT has upheld the acquisition of Vidarbha Industries Power by Adani Power Ltd (APL), India's largest private thermal power producer. A two-member bench also dismissed the two petitions filed against the NCLT approval by Western Coalfields and Pradeep Sot, an employee of debt-ridden Vidarbha Industries Power.
Raymond Lifestyle
Raymond Lifestyle said it has appointed Satyaki Ghosh as its CEO with immediate effect. Ghosh has over 25 years of experience across FMCG, textiles, retail, and consumer businesses, with deep expertise spanning both B2B and B2C environments.
ACME Solar
Renewable energy company ACME Solar said it has started operations of a 68-MW energy generation capacity of a 100-MW wind power project at Surendranagar in Gujarat. The project is being commissioned in a phased manner through subsidiary ACME Eco Clean Energy, ACME Solar said in a statement.
"In the event of a rebound, the 25,600 level followed by the 25,800 zone is likely to act as strong resistance. Despite the prevailing weakness in the index, select sectors and themes continue to show relative strength. Participants are therefore advised to align their positions accordingly, focusing on sectoral leadership and maintaining disciplined risk management," said Ajit Mishra – SVP, Research, Religare Broking.
In today's trade, shares of ITC Hotels, Tata Capital, Ola Electric, Adani Power, LTIMindtree among others will be in focus due to various news developments and third quarter results.
Persistent, United Spirits, Au Small Finance Bank, ITC Hotels, IndiaMART
Shares of Persistent Systems, United Spirits, Au Small Finance Bank, ITC Hotels and IndiaMART will be in focus as the companies will announce their third quarter results today.
Tata Capital
Tata Capital reported a 17% jump in its December quarter consolidated net profit at Rs 1,257 crore compared to Rs 1,076 crore reported in the year ago period. The company's total revenue from operations stood at Rs 7,975 crore in Q3FY26, up 12% versus Rs 7,104 crore in the corresponding quarter of the last financial year.
LTI Mindtree
IT services company LTIMindtree reported an 11% drop in its December quarter consolidated net profit at Rs 971 crore compared to Rs 1,085 crore posted in the year ago period. The profit after tax (PAT) is attributable to the shareholders of the company.
Ola Electric
Electric two-wheeler maker Ola Electric named Deepak Rastogi as its new finance chief, effective January 20. Rastogi, who most recently was the group finance chief of property developer Puravankara, will succeed Harish Abichandani, Ola said. Under Abichandani, who had been the CFO of Ola Electric since November 2023, the company went public in a blockbuster debut in 2024.
Adani Power
Insolvency appellate tribunal NCLAT has upheld the acquisition of Vidarbha Industries Power by Adani Power Ltd (APL), India's largest private thermal power producer. A two-member bench also dismissed the two petitions filed against the NCLT approval by Western Coalfields and Pradeep Sot, an employee of debt-ridden Vidarbha Industries Power.
Raymond Lifestyle
Raymond Lifestyle said it has appointed Satyaki Ghosh as its CEO with immediate effect. Ghosh has over 25 years of experience across FMCG, textiles, retail, and consumer businesses, with deep expertise spanning both B2B and B2C environments.
ACME Solar
Renewable energy company ACME Solar said it has started operations of a 68-MW energy generation capacity of a 100-MW wind power project at Surendranagar in Gujarat. The project is being commissioned in a phased manner through subsidiary ACME Eco Clean Energy, ACME Solar said in a statement.
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