On January 23, 2026, several stocks are expected to be in focus based on recent news and corporate developments. These include InterGlobe Aviation, Ashoka Buildcon, ONGC, NTPC Green Energy, and MCX.

InterGlobe Aviation (IndiGo)

InterGlobe Aviation, which operates IndiGo, reported a consolidated net profit of ₹550 crore for the December quarter, a 77.55% year-on-year decline compared to ₹2,449 crore in the same period last year. However, sequentially, the company's performance was healthy, as it had incurred a loss of ₹2,582 crore in Q2FY26. Revenue for the quarter increased by 6.2% year-on-year to ₹23,471 crore. The company's Q3 results were impacted by exceptional items, including the implementation of new labor laws, operational disruptions, and currency fluctuations. Specifically, these included a ₹969.3 million impact from new labor laws, ₹577.2 million related to operational disruptions, and ₹1,035 crore due to currency movements. Despite these challenges, IndiGo's capacity increased by 11.2% to 45.4 billion, and the number of passengers increased by 2.8% to 31.9 million. The airline's EBITDAR stood at ₹6,008.4 million, a 0.8% decrease year-on-year. As of December 31, 2025, IndiGo had a total cash balance of ₹51,606.9 million.

Ashoka Buildcon

Ashoka Buildcon has received a letter of acceptance (LoA) for a project worth ₹307.71 crore from the Public Works Department, Daman. The project involves the construction of a signature bridge connecting Jampo SeaFront Road to Devka SeaFront Road in Daman. The company's board is scheduled to meet on January 30, 2026, to consider and approve the Q3 FY26 financial results. Ashoka Buildcon's shares experienced a rise, with the stock price increasing by 2.34% to ₹144.54. However, the stock has underperformed over the past year, declining by 46.38%.

ONGC

Oil and Natural Gas Corporation (ONGC) has acquired equity investment in two joint ventures with Japan's Mitsui O.S.K. Lines, becoming a 50% partner in Bharat Ethane One IFSC and Bharat Ethane Two IFSC. The company has made an aggregate investment of ₹40 Crore via a private placement to bolster its logistics capabilities. ONGC's share price moved up by 0.68% to ₹244.01. Buy signals have appeared with 50 day, 14 day, and 10 day moving crossovers on January 21, 2026.

NTPC Green Energy

NTPC Green Energy has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh for the development of Renewable Energy and Green Hydrogen Projects in Uttar Pradesh. NTPC Green Energy share price moved up by 1.12% to ₹90.35. A sell signal has appeared with a 5-day moving crossover on January 20, 2026.

MCX

Multi Commodity Exchange of India (MCX) completed its share subdivision, splitting each ₹10 face value share into five ₹2 face value shares. Both NSDL and CDSL have confirmed the credit of subdivided shares under new ISIN INE745G01043, with the corporate action executed on January 3, 2026. MCX dealers have reported continued strong volume data in January, suggesting sustained robust market activity and ongoing trader engagement on the platform. The MCX India share price moved down by -0.26% from its previous close. The board meeting is scheduled for January 23, 2026, to discuss quarterly results.