Indian stock markets are expected to open flat on Monday, January 12, 2026, after a five-session losing streak, influenced by weak global cues. Investors are adopting a cautious stance ahead of Q3 earnings releases. Here's a look at the stocks in focus:
Tata Consultancy Services (TCS): TCS is set to release its Q3FY26 earnings report, marking the beginning of the earnings season for IT companies. Bloomberg estimates suggest a 2% QoQ increase in revenue, reaching ₹66,849 crore, and an 8% rise in EBIT to ₹16,732 crore. The EBIT margin is projected to expand to 25.02%. However, analysts anticipate that the headline growth may mask the impact of the BSNL ramp-down on constant currency terms. Investors will also be focusing on AI-led deal wins and management's guidance. The stock closed at ₹3,212 on Friday, up 0.1%.
HCL Technologies: HCL Technologies will also be announcing its Q3 results. Investec expects the company to potentially raise the lower end of its services revenue growth guidance for FY26 to 4.5%-5%. The company will hold an earnings conference call at 7:30 p.m. on January 12, 2026, after the results are declared.
DMart (Avenue Supermarts): Avenue Supermarts, which owns the DMart retail chain, reported an 18.3% YoY increase in consolidated net profit, reaching ₹856 crore for Q3FY26. Revenue from operations increased by 13.3% to ₹18,100.88 crore. The company opened 10 new stores during the quarter, bringing the total store count to 442. While Systematix Institutional Equities maintains a "Hold" rating with a target price of ₹4,055, Axis Direct has identified DMart as one of its "Top Positive Plays" in the retail sector.
Indian Renewable Energy Development Agency (IREDA): IREDA reported a 38% YoY increase in net profit, reaching ₹584.91 crore in Q3FY26. Revenue from operations also saw a 25% annual surge to ₹2,130 crore. The company's loan book soared 28% YoY to ₹87,975 crore. However, IREDA shares closed 2.89% lower at ₹137.10 on Friday. Experts advise existing investors to maintain a strict stop loss at ₹128.
Vedanta: Vedanta is in the execution phase of its demerger, which will split the company into five separate entities. The NCLT has approved the demerger scheme. Vedanta's stock closed at ₹609.90 on January 9. Analysts at Emkay Global expect Vedanta to report strong Q3FY26 results, driven by strong performance in the aluminum segment and continued robust performance from Zinc India. However, Vedanta shares experienced a sharp decline on Thursday due to a broad metal sector sell-off.
ICICI Lombard: ICICI Lombard General Insurance Company disclosed a corporate governance lapse where unaudited financial information for Q3 was inadvertently shared on social media. The stock is trading at ₹1,896.00, down 0.69% compared to its previous closing price.
Reliance Industries (RIL): Goldman Sachs has raised its 12-month price target for Reliance Industries to ₹1,835 per share. The brokerage expects stable medium-term earnings supported by tight refining markets and rising Jio contributions. RIL's Chairman, Mukesh Ambani, pledged an investment of ₹7 lakh crore for Gujarat in the next five years. The next board meeting is scheduled for January 16, 2026, to discuss quarterly results.
Market Sentiment: The Indian stock market is currently facing a bearish outlook as the Nifty has broken key support levels. Analysts predict further declines and advise investors to adopt a sell-on-rise strategy.
