Stocks to Watch on Jan 2, 2026: Vodafone Idea, RailTel, Maruti Suzuki & More in Focus

Early signals from GIFT Nifty suggested a flat to positive opening for domestic equities on January 2, 2026. The index was trading around 26,314 amid muted global cues after holiday closures.

Vodafone Idea

Vodafone Idea received an order from the Office of the Additional Commissioner, CGST, Ahmedabad South, proposing a penalty of ₹637.9 crore along with tax and interest. The demand relates to alleged short payment of tax and excess input tax credit claims, which could keep Vodafone Idea stock under pressure.

Hyundai India

Hyundai India reported total vehicle sales of 58,702 units in December, registering a 6.6% year-on-year rise. Domestic sales stood at 42,416 units, indicating steady local demand, while exports continued to act as a key growth driver for Hyundai Motor India.

Housing and Urban Development Corporation (HUDCO)

Housing and Urban Development Corporation approved loans exceeding ₹46,000 crore during the third quarter of the current fiscal. For the April–December period, HUDCO sanctioned total loans of ₹1,39,151 crore, underscoring strong demand for infrastructure and housing finance.

Devyani International

Devyani International is set to absorb Sapphire Foods India through a merger, bringing together operations of popular QSR brands such as KFC and Pizza Hut under a single listed entity. With Devyani International already operating these brands in India, the consolidation is expected to streamline operations and enhance scale, a move that is likely to draw investor attention on Dalal Street.

Maruti Suzuki

Maruti Suzuki closed the calendar year with its highest-ever sales, highlighting resilient demand despite a market increasingly skewed towards SUVs. The strong performance reinforces Maruti Suzuki’s volume leadership and is expected to support its revenue trajectory over the long term, keeping the stock in focus.

Aurobindo Pharma

Aurobindo Pharma announced that its wholly owned subsidiary, Auro Pharma Ltd, has acquired the branded non-oncology prescription formulations business of Khandelwal Laboratories Private Ltd as a going concern. The acquisition strengthens Aurobindo Pharma’s domestic branded formulations portfolio.

Indian Bank

Indian Bank reported robust double-digit year-on-year growth across key balance-sheet metrics in Q3 FY26. Total business rose 13.4% to ₹14.30 lakh crore, while gross advances increased 14.5% to ₹6.40 lakh crore, reflecting sustained credit growth momentum at Indian Bank.

RailTel Corporation

RailTel Corporation secured a ₹567 crore order from the Assam Health Infrastructure Development & Management Society for developing and maintaining a Hospital Management Information System. The project, slated for completion by January 2032, strengthens RailTel’s order book and long-term growth visibility.

Olectra Greentech

Olectra Greentech commenced commercial operations for Phase I of its greenfield electric vehicle manufacturing facility in Hyderabad, effective December 31. The milestone marks a significant step in Olectra Greentech’s expansion in the electric mobility space.

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

Conclusion

With GIFT Nifty signalling a flat-to-positive opening, Indian equities may begin the session on a cautious note amid muted global cues. Stock-specific triggers are likely to drive market action.

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.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.