Stocks to Watch for Jan 16: Infosys, Jio Financial Services, L&T Tech, Transrail Lighting and more

By Admin

16 Jan, 2026

Introduction
Indian equity markets are set for an active trading session on January 16 as several companies announced quarterly results, fund-raising plans, regulatory approvals, and fresh order wins. From IT and financial services to real estate, renewables, and infrastructure, here is a detailed look at key stocks likely to remain in focus.

Infosys
Infosys reported a December-quarter net profit of ₹6,654 crore, which was below market expectations and marked a 9.6% sequential decline. Revenue increased 2.2% quarter-on-quarter to ₹45,479 crore, slightly ahead of estimates. EBIT stood at ₹9,479 crore with an operating margin of 20.8%, marginally lower than both expectations and the previous quarter. Revenue in dollar terms rose 0.5% QoQ to $5,099 million. The company highlighted a ₹1,289 crore impact due to labour code-related costs, retained its EBIT margin guidance at 20–22%, and raised FY26 constant currency revenue growth guidance to 3–3.5%.

Jio Financial Services
Jio Financial Services posted a consolidated Q3 profit of ₹269 crore, down 8.8% year-on-year. Total income more than doubled to ₹901 crore during the quarter. Pre-provisioning operating profit rose 7% to ₹354 crore, while net income from business excluding dividend income grew 4% to ₹386 crore. The NBFC arm reported assets under management of ₹19,049 crore.

HDB Financial Services Ltd
HDB Financial Services reported a strong performance with net profit rising 36.3% year-on-year to ₹644 crore in Q3. Net interest income grew 22.1% to ₹2,285 crore, while assets under management increased 12% to ₹1,14,853 crore compared with the previous year.

L&T Technology Services
L&T Technology Services delivered a mixed Q3FY26 performance. Net profit declined 7.9% sequentially to ₹302.6 crore, partly impacted by an exceptional loss of ₹35.4 crore. Revenue fell 1.9% to ₹2,923 crore, though margins improved due to tighter cost controls and a sharper focus on profitability.

360 ONE WAM Ltd
360 ONE WAM reported a 20.3% year-on-year increase in Q3 profit to ₹331 crore. Total revenue rose 21.8% to ₹826 crore. Assets under management stood at ₹7,11,398 crore, including ₹3,17,906 crore in ARR AUM and ₹3,93,492 crore in transactional AUM.

Transrail Lighting Ltd
Transrail Lighting announced fresh order wins worth ₹527 crore across India and overseas markets. The orders span power transmission and distribution as well as poles and lighting segments, taking total FY26 order inflows to ₹5,637 crore.

Biocon Ltd
Biocon raised ₹4,150 crore through a Qualified Institutional Placement by issuing 11.26 crore equity shares at ₹368.35 per share, representing a 2.8% discount to the previous closing price.

Godrej Properties Ltd
Godrej Properties reported a 19% year-on-year rise in booking value to ₹34,171 crore in 2025, retaining its position as India’s largest listed residential real estate developer.

Sterling & Wilson
Sterling and Wilson Renewable Energy reported a net loss of ₹2.8 crore in Q3 compared with a profit of ₹14.83 crore a year ago, despite a 14% year-on-year increase in revenue to ₹2,092 crore.

Kolte-Patil Developers Ltd
Kolte-Patil Developers reported Q3FY26 sales value of ₹605 crore and collections of ₹709 crore, marking its highest-ever quarterly collections with a 19% quarter-on-quarter rise. For the nine months ended December 2025, sales reached ₹1,891 crore and collections stood at ₹1,855 crore.

South Indian Bank Ltd
South Indian Bank posted a 9% year-on-year increase in Q3 net profit to ₹374 crore. Net interest income rose 1% to ₹881 crore. Gross advances grew 11.3% to ₹96,765 crore, while asset quality improved with gross NPA at 2.67% and net NPA at 0.45%.

Waaree Renewable Technologies Ltd
Waaree Renewable Technologies reported a sharp 124.7% year-on-year jump in Q3 FY26 profit after tax to ₹120.19 crore. Revenue surged 136.2% to a record ₹851.06 crore.

Bharat Heavy Electricals Ltd

 Bharat Heavy Electricals Limited has commenced the supply of underslung traction transformers for the Vande Bharat Sleeper Train project, marking its strategic entry into the semi-high-speed propulsion segment.

Zydus Lifesciences Ltd
Zydus Lifesciences received final US FDA approval for Eltrombopag tablets in multiple strengths, used for the treatment of low platelet count.

Pace Digitek Ltd
Pace Digitek secured a domestic solar EPC order worth ₹375.7 crore from Bondada Engineering Ltd for Balance of System works on a 300 MW AC solar power project.

NBCC (India) Ltd
NBCC India received a work order worth approximately ₹55.02 crore from Indian Overseas Bank for planning, designing, execution, and handover of a new regional office in Raipur. The project will be executed within India, though the timeline has not been disclosed.

Dr Reddy’s Laboratories Ltd
Dr Reddy’s Laboratories launched the first over-the-counter generic version of Pataday Extra Strength eye drops in the United States.

DLF Ltd
DLF received approval from the NCLT Chandigarh Bench for the merger of 16 wholly owned subsidiaries with the parent company. Following regulatory filings, the transferor companies will be dissolved without winding up.

RailTel Corporation of India Ltd
RailTel Corporation of India received a letter of acceptance from Central Railway for a domestic project involving supply, installation, testing, and commissioning of IP-MPLS network equipment across multiple railway divisions, with completion scheduled by January 13, 2027.

Conclusion
With earnings announcements, strategic expansions, regulatory approvals, and large order wins across sectors, these stocks are likely to remain in focus during Friday’s trading session. Market participants may track price movements closely as investors digest these developments and adjust their positions accordingly.