Stocks to Watch on Jan 21, 2026: Persistent Systems, United Spirits, DCM Shriram and More

Domestic equity benchmarks ended lower in the previous session, reflecting weak market sentiment amid broad-based selling pressure.

On January 20, the BSE Sensex closed at 82,180.47, down 1,065.71 points or 1.28%, while the NSE Nifty 50 settled at 25,232.50, declining 353.00 points or 1.38%.

As markets continue to digest quarterly earnings announcements and corporate updates, several stocks are expected to remain in focus in the next session.

Persistent Systems Ltd

Persistent Systems delivered another quarter of steady growth in Q3 FY26, marking its 23rd consecutive quarter of revenue expansion.

Revenue rose 5.5% sequentially to ₹3,778.2 crore, while dollar revenue increased 4% quarter-on-quarter to $422.5 million. However, profitability came under pressure due to a one-time labour code impact of ₹89 crore.

United Spirits Ltd

United Spirits posted resilient Q3 FY26 earnings. The Diageo-controlled beverage company reported a net profit of ₹529 crore and revenue of ₹3,683 crore for the quarter, beating market expectations.

DCM Shriram Ltd

DCM Shriram reported a decline in profitability for Q3 FY26. Net profit fell 19% year-on-year to ₹212 crore, compared to ₹262 crore in the same quarter last year.

Revenue, however, rose 13.8% to ₹4,003 crore, supported by strong demand across key business segments.

Shoppers Stop Ltd

Shoppers Stop reported a sharp drop in Q3 FY26 net profit to ₹16.1 crore, compared to ₹352.2 crore in the year-ago period.

Revenue edged up 2.6% year-on-year to ₹1,415 crore, indicating modest topline growth despite pressure on margins.

JSW Energy Ltd

JSW Energy announced a key corporate development during the session. Its subsidiary, JSW Thermal Energy Two Ltd, has signed a power purchase agreement with West Bengal State Electricity Distribution Company Limited for a greenfield 1,600 MW thermal power project at Salboni in West Bengal.

Read More: Brightcom Group Share Price in Focus as Company Updates Exchanges on CFO Appointment.

Conclusion

With quarterly results and corporate announcements continuing to drive sentiment, investor attention is likely to remain on IT, FMCG, industrials, retail and power stocks. Earnings performance, margin outlook, and business visibility may influence stock-specific movements in the near term.

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 or 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 related documents carefully before investing. 

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