As of January 23, 2026, here's a summary of stock recommendations and market insights from MarketSmith India and related news:

Market Overview

Indian equity benchmarks experienced a recovery, driven by a rally in the IT sector following Infosys's results. On January 19, 2026, the Nifty 50 closed marginally up by 0.11% at 25,694.35, while the Sensex saw a modest gain of 0.23% to reach 83,570.35. However, market breadth indicated caution, with more stocks declining than advancing.

Concerns persist regarding rising distribution days, signaling institutional selling pressure. Mixed Q3 earnings reports are adding to the market's stress.

Stock Recommendations

MarketSmith India has recommended "buying" DCB Bank and Mtar Technologies, citing strong fundamentals and technical breakouts for both.

• DCB Bank: Recommended for purchase with a target price of ₹215 within two to three months, and a stop loss set at ₹176. The bank's focus on retail and MSME lending, healthy asset quality improvement, and stable net interest margins are cited as reasons for the recommendation. The stock shows a 'cup with handle' breakout pattern.
• Mtar Technologies: Also flagged for buying, with a target of ₹3,150 in two to three months and a stop loss at ₹2,560. The company's niche precision engineering capabilities and strong presence in the space, defense, and clean energy sectors are noted as positives. The stock has exhibited a 'cup base' breakout pattern.

Stocks in Motion

MarketSmith India highlights stocks with the greatest percentage increase in volume above their normal past daily trading level, which can indicate institutional buying or selling.

• Up in Price: Stocks being bought heavily by institutional investors. To qualify, the Earnings Per Share (EPS) and Relative Strength (RS) Rank must be a minimum of 70, and the Accumulation/Distribution (A/D) Rating must be D+ or better. Stocks must have a daily price change of 1/2 point or more with a volume change of 1/2 point or more compared to the 50-day average volume.
• Down in Price: Stocks being sold heavily by institutional investors. These stocks must have a daily price change of -1/2 point or more with a volume change of 1/2 point or more compared to the 50-day average volume.

Other Market Insights

• Selective Stock Strategy: Amidst market stress, experts recommend a selective stock strategy.
• Sector Focus: MarketSmith India suggests markets may see brief volatility before refocusing on earnings, reforms, capex momentum, and sector-specific drivers.

Stocks with significant price and volume changes (January 22, 2026)

| Company Name | Price | Price Chg | Price % Chg | Vol % Change | | :--------------------- | :------ | :-------- | :---------- | :------------- | | Bajaj Consumer Care | 296.90 | 49.45 | 19.98% | 2017.00% | | Creditaccess Grameen | 1,440.00 | 84.80 | 6.26% | 1157.00% | | Canara HSBC Life | 150.33 | 13.81 | 10.12% | 823.00% | | Bank Of India | 166.30 | 8.82 | 5.60% | 361.00% | | Northern Arc Capital | 276.00 | 7.86 | 2.93% | 324.00% | | Minda Corporation | 562.10 | 38.05 | 7.26% | 296.00% | | Ujjivan Smallfinance | 61.89 | 4.12 | 7.13% | 292.00% | | Jammu & Kashmir Bank | 107.20 | 4.25 | 4.13% | 282.00% | | Rm Drip And Sprinkl | 98.80 | 1.26 | 1.29% | 282.00% | | Mangalore Refine | 154.01 | 1.85 | 1.22% | 249.00% | | Infobeans Tech | 894.00 | 52.90 | 6.29% | 241.00% | | Cie Automotive India | 410.00 | 10.25 | 2.56% | 223.00% | | Jindal Photo | 1,414.00 | 121.40 | 9.39% | 202.00% | | Computer Age Mgt | 708.80 | 6.35 | 0.90% | 187.00% | | Jk Lakshmi Cement L | 795.45 | 26.25 | 3.41% | 185.00% | | Eclerx Services | 4,350.00 | 149.90 | 3.57% | 180.00% | | Indian Bank | 903.15 | 52.60 | 6.18% | 170.00% | | Alivus Life Sciences | 873.00 | 11.70 | 1.36% | 170.00% | | Steel Authority | 151.89 | 5.44 | 3.71% | 150.00% | | Cupid Ltd. | 413.00 | 36.40 | 9.67% | 147.00% | | Apl Apollo Tubes | 1,980.20 | 101.60 | 5.41% | 143.00% | | Ceat Ltd. | 3,730.00 | 184.90 | 5.22% | 134.00% | | Dabur India | 525.00 | 8.80 | 1.70% | 131.00% | | Krishna Defence | 948.00 | 53.65 | 6.00% | 126.00% | | Fusion Finance | 175.50 | 8.36 | 5.00% | 126.00% | | Arman Financial Serv | 1,645.00 | 68.90 | 4.37% | 119.00% | | Radico Khaitan | 2,997.00 | 164.60 | 5.81% | 118.00% | | Sai Life Science | 821.95 | 13.65 | 1.69% | 116.00% | | Alkem Laboratories | 5,744.50 | 88.00 | 1.56% | 106.00% | | Rhetan Tmt | 26.99 | 0.34 | 1.28% | 102.00% | | Sona Blw Precision | 470.00 | 25.55 | 5.75% | 80.00% |

Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.