Stocks to Watch on January 19: RIL, HDFC Bank, ICICI Bank Post Key Results

Reliance Industries, Bharat Coking Coal, CG Power, ICICI Bank, HDFC Bank, Wipro, Tech Mahindra, Indosolar, Bajaj Healthcare, Poonawalla Fincorp and RVNL are garnering attention on 19th Jan due to quarterly results and other developments in the last week.

LTIMindtree, Punjab National Bank and BHEL are announcing results for the current quarter, while also reporting that the profit for HDFC Bank has increased by an impressive 11.5% YoY to ₹18,653.8 crores, and a decrease of 4% YoY for ICICI Bank, resulting in the profit of ₹11,317.9 crores. 

The market is now processing these quarterly reports along with newly ordered items and new listings.

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Earnings Standouts

Reliance Industries saw a growth in profit of 1.6%, reaching ₹22,290 crore, which was driven by an increase in revenue of 10% to ₹2.93 lakh crore. Jio Platforms also reported profit growth with an increase of 11.2% to ₹7,629 crore and revenue of ₹2.93 lakh crore, increasing by 12.7%. Wipro's consolidated profit declined by 7% to ₹3,119 crore, although revenue from IT services increased by 4.9% to ₹23,378.1 crore. 

Tech Mahindra has reported that its profit increased by 14.1% to ₹1,122 crore compared to last year, and Yes Bank reported a huge profit increase of 55.4% to ₹952 crore. The profit of Indosolar soared by 305.2% to ₹41.5 crore, but a new CEO was appointed.

Orders and Corporate Moves

CG Power has announced the award of a U.S. data centre transformer order worth ₹900 crore. RVNL was able to submit the winning bid for the ₹87.55 crore South Eastern Railway surveillance project. ESL Steel, a subsidiary of Vedanta, is under legal orders for mining shortfall notices totalling ₹1,255.37 crore by the State of Odisha. 

The Managing Director and CEO of Protean eGov, Suresh Sethi, will be resigning from his position effective March 31, 2026, with V Easwaran taking the role of interim CEO.

Bulk Deals and Listings

The Smallcap World Fund announced the divestment of a 1.81% ownership stake in Poly Medicure for a price of ₹302.19 crore. In addition, Kedia Securities acquired a 1.95% shareholding in SPML Infra for ₹25.01 crore. Miri Strategic also purchased an additional 1.05% interest in Antony Waste Handling for ₹16.1 crore. 

Bharat Coking Coal is listed on the Main Board, while Defrail Technologies began trading on the SME. The F&O Ban continues to apply to Sammaan Capital and SAIL.