Stocks to Watch on Jan 12, 2025: DMart, IREDA, Vedanta, NTPC & More in Focus

The Indian stock market is likely to open on a flat-to-positive note on Monday, January 12, supported by gains in Asian markets and developments surrounding the ongoing US–Iran conflict.

Avenue Supermarts (DMart)

Avenue Supermarts, which operates the DMart retail chain, reported an 18.3% year-on-year increase in consolidated net profit at ₹856 crore for the December quarter of FY26, compared with ₹724 crore in the same quarter last year. The company’s consolidated revenue rose 13.3% to ₹18,100.88 crore from ₹15,972.6 crore a year ago. In a key management update, the board appointed Anshul Asawa, currently the CEO-designate, as the Chief Executive Officer and a key managerial personnel of Avenue Supermarts.

Indian Renewable Energy Development Agency (IREDA)

IREDA posted strong earnings growth in Q3 FY26, with consolidated net profit rising 15.4% year-on-year to ₹1,381.36 crore. Revenue from operations increased sharply by 28.2% to ₹6,041.82 crore, compared with ₹4,714.25 crore in the corresponding quarter of the previous fiscal, reflecting continued momentum in renewable energy financing.

Vedanta

Vedanta received approval from the National Company Law Tribunal (NCLT), Mumbai bench, for a Scheme of Arrangement involving several of its subsidiaries, including Talwandi Sabo Power, Vedanta Aluminium Metal, Malco Energy, Vedanta Base Metals, and Vedanta Iron and Steel. The approved scheme enables Vedanta to restructure its diversified operations, spanning aluminium, power, iron and steel, and base metals, into separate entities.

NTPC

State-owned power major NTPC signed a shareholder agreement with Maharashtra State Power Generation Company (MAHAGENCO) for the acquisition of Sinnar Thermal Power Limited (STPL). The asset is currently undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. STPL owns a coal-based thermal power plant with a capacity of 1,350 MW (5×270 MW) located at Sinnar in Nashik district, Maharashtra.

Lemon Tree Hotels

Lemon Tree Hotels’ board approved a transaction involving Warburg Pincus, under which Coastal Cedar Investment BV, an affiliate of the private equity firm, will acquire a 41.09% stake held by APG Strategic Real Estate Pool NV in its subsidiary Fleur Hotels. The deal also includes an investment of ₹960 crore to be infused in tranches.

ICICI Lombard General Insurance

ICICI Lombard General Insurance disclosed a corporate governance lapse after draft, unaudited financial results for the December quarter were inadvertently shared on a senior employee’s personal WhatsApp status. The insurer informed stock exchanges as a precautionary step, stating that the disclosure was unintentional.

Also Read: Wipro vs Infosys: Which IT Services Company Delivered Highest Earnings in Q2FY26?

Conclusion

The Indian equity market is set to begin the week on a cautious but positive note, supported by firm cues from Asian markets.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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