Stocks to Watch on Jan 12: ITC, NTPC, Mahindra & Mahindra, Vedanta, Lemon Tree Hotels & more

By Admin

12 Jan, 2026

Indian equity markets are set for an active trading session on January 12 as several frontline and mid-cap stocks come into focus on the back of deal announcements, corporate restructurings, operational updates, and strong Q3 earnings. Key names to track include ITC, NTPC, Vedanta, Mahindra & Mahindra, Avenue Supermarts (DMart), Lemon Tree Hotels, and others.

Market overview

Stocks including ITC, NTPC, Vedanta, DMart, and Lemon Tree Hotels will remain in focus on January 12 due to a mix of strategic transactions, earnings momentum, and regulatory developments. Investors are expected to track these counters closely for potential price action.

NTPC

NTPC has signed a shareholder agreement with Maharashtra State Power Generation Company (MAHAGENCO) for the acquisition of STPL. The transaction is valued at ₹3,800 crore and is aimed at strengthening NTPC’s presence in the thermal power segment, reinforcing its position in India’s power generation landscape.

ITC

ITC has received a Letter of Allotment from the India International Convention & Expo Centre (IICC) for leasehold land in New Delhi. The deal, valued at ₹326.50 crore, marks a strategic expansion of ITC’s hospitality and services footprint and aligns with its long-term diversification strategy.

Lemon Tree Hotels

Lemon Tree Hotels has approved a strategic reorganisation of its business along with a fresh investment by global private equity firm Warburg Pincus in its subsidiary Fleur Hotels. The development confirms an earlier CNBC-TV18 Newsbreak and is expected to strengthen the company’s balance sheet and growth plans.

Vedanta

Vedanta is in focus after the National Company Law Tribunal (NCLT), Mumbai Bench, sanctioned a Scheme of Arrangement involving several of its subsidiaries. These include Talwandi Sabo Power Limited, Vedanta Aluminium Metal Limited, Malco Energy Limited, Vedanta Base Metals Limited, and Vedanta Iron and Steel Limited, marking a key step in the group’s ongoing restructuring exercise.

Embassy Development

Embassy Development reported pre-sales of ₹1,392 crore for the quarter, while collections rose 15 percent quarter-on-quarter to ₹415 crore. The numbers indicate steady demand momentum across its residential and commercial real estate portfolio.

Ashiana Housing

Ashiana Housing reported area booked at 5.56 lakh square feet in Q3, compared with 6.77 lakh square feet in the same quarter last year. The value of area sold declined year-on-year to ₹401.07 crore from ₹454.16 crore, reflecting some moderation in sales volumes.

Mahindra & Mahindra

Mahindra & Mahindra’s December business update showed strong operational performance, with total sales volumes rising 27 percent year-on-year to 85,501 units. Production increased 25.4 percent, although export volumes declined by 9.3 percent during the same period.

IREDA

Indian Renewable Energy Development Agency (IREDA) reported a 37.5 percent year-on-year increase in net profit for Q3 FY26. Net profit rose to ₹584.9 crore from ₹425.4 crore in the corresponding quarter last year, highlighting robust growth in renewable energy financing.

Akzo Nobel India

Akzo Nobel India announced a series of changes to its board and top management following a board meeting held on January 9, 2026. The management reshuffle will be closely tracked by investors for its potential strategic impact.

Phoenix Mills

Phoenix Mills reported steady operational progress across its retail, commercial office, hospitality, and residential segments during Q3 and the nine months ended December 31, 2025, indicating stable performance across its diversified asset base.

ICICI Lombard

ICICI Lombard General Insurance stated that a designated employee inadvertently uploaded information related to the company’s unaudited draft financial results for Q3 and 9M FY26 on their personal WhatsApp status on January 9. The company clarified the incident, which is likely to remain in focus from a governance perspective.

Spandana Sphoorty

Spandana Sphoorty Financial announced that its board is evaluating the merger of its subsidiary, Criss Financial Ltd, into the parent company. The move could simplify the corporate structure and improve operational efficiency.

Avenue Supermarts (DMart)

Avenue Supermarts reported a 17 percent year-on-year rise in net profit to ₹856 crore for the quarter ended December, compared with ₹733 crore a year earlier. Revenue from operations grew 13.3 percent to ₹18,101 crore. In its earlier Q3 FY26 update, the company had reported standalone revenue of ₹17,612 crore, marking 13 percent year-on-year growth.

Conclusion

With a combination of earnings announcements, strategic deals, restructuring updates, and operational performance indicators, these stocks are likely to remain in the spotlight on January 12. Investors and traders may keep a close watch on these developments as they assess near-term market opportunities.