Domestic equity benchmarks closed marginally lower in the last trading session, reflecting cautious sentiment amid stock-specific activity driven by Q3 earnings releases.
On the previous session, the BSE Sensex closed at 81,909.63, down 270.84 points or 0.33%, while the NSE Nifty 50 ended at 25,157.50, declining 75.00 points or 0.30%.
As markets continue to assess quarterly results and corporate updates, several stocks are expected to remain in focus in the next session.
Eternal Ltd reported a strong Q3 performance. Net profit stood at ₹102 crore, in line with estimates, marking a 56.9% quarter-on-quarter increase from ₹65 crore.
The company also announced leadership changes. CEO Deepinder Goyal will resign effective February 1, 2026.
Waaree Energies delivered a robust Q3 performance. Net profit rose 26% quarter-on-quarter to ₹1,062 crore.
Revenue grew 24.7% QoQ to ₹7,565 crore, while EBITDA increased 37.2% to ₹1,928 crore. EBITDA margins expanded to 25.5%, compared to 23.2% in the previous quarter.
Jindal Stainless reported healthy Q3 results. Net profit rose 26.6% year-on-year to ₹828.8 crore, compared to ₹654.3 crore in the same quarter last year.
Revenue increased 6.2% YoY to ₹10,517.6 crore, while EBITDA grew 16.6% to ₹1,408 crore, translating into a margin of 13.4%, up from 12.2% a year ago.
Dr Reddy’s Laboratories reported a Q3 net profit of ₹1,209 crore, beating market estimates of ₹1,132 crore, though 14.5% lower year-on-year compared to ₹1,413 crore.
Revenue rose 4.4% YoY to ₹8,753 crore, surpassing estimates of ₹8,273 crore.
HPCL posted a Q3 net profit of ₹4,072.5 crore, up 6.3% quarter-on-quarter from ₹3,830 crore, though slightly below market estimates of ₹4,301 crore.
Revenue increased 14.2% QoQ to ₹1.15 lakh crore, exceeding estimates of ₹1.07 lakh crore.
Read More: Bank Nifty Falls Over 1% on Jan 21, 2026, as Selling Pressure in Banking Stocks Continues.
With Q3 earnings continuing to drive market sentiment, investor focus is likely to remain on pharmaceuticals, metals, energy and renewable energy stocks. Earnings performance, margin trends and corporate developments 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/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.
Published on: Jan 22, 2026, 8:48 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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