Thursday, January 22, 2026
Economy & Markets
18 min read

Top Stocks to Watch on Jan 20: UPL, Waaree Energies & More

Upstox
January 20, 20262 days ago
Stocks to Watch, Jan 20: UPL, Waaree Energies, Persistent Systems, ITC Hotels, LTIMindtree, auto ancillary stocks, Havells, Oberoi Realty

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European stocks fell due to potential US tariffs on European goods. Several Indian companies, including Havells and LTIMindtree, reported earnings, with some showing profit growth and others facing one-time costs. India and UAE set a $200 billion trade target and agreed on defense and LNG deals. Waaree Energies secured a significant solar module order.

Here is a list of stocks that may remain in focus today. European stocks slumped after Trump announced on Saturday that eight European allies would face increasing tariffs, starting at 10% on February 1 and rising to 25% on June 1, if a deal is not reached that allows Washington to “buy” Greenland, a semi-autonomous territory that’s part of Denmark. In the overnight trade, European carmakers and the luxury goods sector were hit hard. "The Stoxx Europe 600 Automobiles & Parts Index was 2.22% lower. Volkswagen slumped about 2.82%, while Porsche fell 2.68%, paring some earlier losses, and BMW shed almost 3.74%," CNBC reported. It had clocked a net profit of ₹41.6 crore in the October-December period of the preceding financial year, the company said in an exchange filing. The company's total income rose to ₹1,030.9 crore from ₹925.7 crore logged in the year-ago third quarter. Mumbai-based Aurum PropTech had posted a net loss of ₹8.52 crore in the year-ago period. Total income jumped to ₹124.55 crore in the third quarter of this fiscal year, from ₹70.23 crore in the corresponding period of the preceding year, according to a regulatory filing. "Q3 FY26 represents a pivotal moment in Aurum PropTech's journey, as we transitioned from an adjusted EBITDA-positive position to delivering a PAT-positive outcome," Onkar Shetye, Executive Director of Aurum PropTech, said. Its net profit stood at ₹618.38 crore in the year-ago period. Total income rose to ₹1,561.74 crore in the third quarter of this fiscal year from ₹1,460.27 crore a year ago, according to a regulatory filing. The company has declared a third interim dividend for 2025-26 at ₹2 per equity share, which is 20% of the face value of equity shares of ₹10 each. The company had posted a PAT of ₹922 crore in the corresponding period last fiscal. Net total income rose 33% to ₹3,594 crore during the quarter under review, from ₹2,711 crore a year ago, Tata Capital said in a regulatory filing. Also, net interest income improved by 26% to ₹2,936 crore in Q3FY26 from around ₹2,323 crore logged a year earlier. Assets under management (net) rose 26% to ₹2,34,114 crore as against ₹1,86,404 crore in the year-ago period. Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan have set a $200 billion annual trade target by 2032 while laying out a broad agenda to shore up the ties. Under the defence partnership, India and the UAE are eyeing defence industrial collaboration and cooperation in advanced technologies, cyberspace training, special operations, interoperability of their militaries, and counterterrorism. Another pact was inked to provide for the purchase of 0.5 million metric tonnes of LNG (liquefied natural gas) by Hindustan Petroleum Corporation Limited (HPCL) from Abu Dhabi National Oil Company Gas over a period of 10 years starting in 2028. The UAE is India's second-largest supplier of LNG to India after Qatar. The company had posted a consolidated net profit of ₹277.96 crore in the October-December quarter a year ago, according to a regulatory filing from Havells India. Its revenue from operations was up 14.3% to ₹5,587.89 crore in the December quarter. It was ₹4,888.98 crore in the corresponding period of the previous fiscal. "The quarter witnessed strong operating leverage driven by revenue growth and disciplined spending," said Havells in its earnings update. The company had reported a net profit (attributable to shareholders) of ₹1,085 crore in the same period a year ago. LTIMindtree accounted for a ₹590 crore one-time cost due to the implementation of the new Labour Codes announced by the government in November 2025. "Considering the material and one-time nature of the incremental amount, the Group has presented the same as an 'Exceptional Item' in the consolidated statement of profit and loss for the quarter and nine months ended December 31, 2025, amounting to ₹5,903 million. The Board of Directors, at a meeting held on Monday, approved the appointment of Ghosh as the Chief Executive Officer and key managerial personnel of the company, effective from January 19, 2026, Raymond Lifestyle Ltd said in a regulatory filing. Ghosh has over 25 years of experience across FMCG, textiles, retail, and consumer businesses, with deep expertise spanning both B2B and B2C environments. He has joined from the Aditya Birla Group, where he most recently served as Chief Executive Officer, Cellulosic Fashion Yarn, Grasim Industries, it added. Further, Waaree Solar Americas Inc., a wholly owned subsidiary of the company, has also received an order on January 19, 2026, for the supply of 2000 MW of solar modules from a renowned customer who is a developer and owner-operator of utility-scale solar and energy storage projects across the United States. The company's board also noted the resignation of Harish Abichandani from the position of Chief Financial Officer of the company with effect from the close of January 19, 2026. According to CNBC-TV18, an institutional investor in Aditya Birla Lifestyle Brands Ltd is expected to divest up to a 3% stake through a block deal. The proposed transaction is valued at around $43 million, with a floor price of ₹106.14 per share, reflecting an 8.4% discount to the previous closing price. The deal is expected to be a complete exit. Meanwhile, Aditya Birla Fashion and Retail Ltd (ABFRL) may also see an institutional investor sell up to 3% equity via a block deal. The offer is estimated at $32 million, with a floor price of ₹65.78 per share, which represents an 8.5% discount to the current market price of ₹71.89. This transaction is likewise reported to be a clean-out trade. With inputs from PTI

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    Stocks to Watch Jan 20: UPL, Waaree, ITC Hotels