Multiple major companies are capturing market attention on January 27 following the release of quarterly earnings and significant corporate developments. The day's focus centers on strong financial performances, strategic acquisitions, and major business transactions across various sectors.

Banking Sector Performance

Axis Bank delivered solid Q3 results with profit rising 3% to Rs 6,489.6 crore compared to Rs 6,303.8 crore in the previous year. The bank's operational metrics showed steady improvement across key parameters.

Kotak Mahindra Bank also reported positive results with profit increasing 4.3% to Rs 3,446.1 crore, while net interest income grew 5.1% to Rs 7,564.6 crore. The bank's board approved fundraising of up to Rs 15,000 crore via non-convertible debentures on a private placement basis in FY27.

In contrast, IndusInd Bank faced challenges with profit declining 88.5% to Rs 161.2 crore, while provisions and contingencies jumped 19.8% to Rs 2,088.6 crore.

Industrial and Energy Sector Highlights

UltraTech Cement emerged as a standout performer with consolidated profit jumping 26.8% to Rs 1,729.4 crore, supported by revenue growth of 22.8% to Rs 21,829.7 crore.

The energy sector showed remarkable performance, with JSW Energy reporting profit growth of 150.2% to Rs 419.9 crore and revenue surging 67.4% to Rs 4,081.8 crore. Bharat Petroleum Corporation delivered exceptional results with profit spiking 88.9% to Rs 7,188.4 crore.

Major Corporate Transactions

PVR Inox completed a significant divestment by selling its entire investment in subsidiary Zea Maize Private Limited, which operates the 4700BC premium snacking brand, to Marico for Rs 226.8 crore in an all-cash transaction.

Waaree Renewable Technologies announced plans to acquire approximately 55% stake in Associated Power Structures for Rs 1,225 crore through a mix of primary and secondary transactions. The target company operates in power transmission and distribution within the infrastructure sector.

Torrent Pharmaceuticals expanded its stake in JB Chemicals by acquiring 37.82 lakh equity shares representing a 2.36% stake from company employees. This acquisition brings Torrent's total holding to 7.82 crore equity shares, equivalent to a 48.75% stake in JB Chemicals.

Technology and Infrastructure Developments

HCL Technologies signed a definitive agreement to acquire Finergic Solutions Pte, a Singapore-based wealth consulting firm, for 19 million Singapore dollars. The transaction is expected to close by April 30, 2026.

Jayaswal Neco Industries entered into a Memorandum of Understanding with the Government of Maharashtra for establishing a two-million-tonne-per-annum steel plant in Gadchiroli, Maharashtra, with an investment of Rs 12,262 crore.

Regulatory and Operational Updates

Zydus Lifesciences completed a US FDA inspection at its Unit-2 manufacturing plant in Ankleshwar, Gujarat, from January 19 to 23, concluding with three observations and no data integrity-related issues.

Torrent Pharmaceuticals received positive regulatory news as the US FDA concluded its inspection of the company's Dahej facility with zero observations following an inspection conducted from January 19 to 23.

Paradeep Phosphates faced regulatory challenges as the company received a Seizure Memo from the Customs Department for 25,000 metric tonnes of technical-grade urea worth Rs 103.30 crore, which was imported for NPK fertiliser manufacturing.

Ten prominent stocks are set to trade ex-dividend next week, presenting an opportunity for eligible shareholders to receive attractive dividend payouts. The list includes major names like Wipro, Jindal Stainless, and Computer Age Management Services (CAMS), with some companies offering dividends as high as 300% of their face value.

High-Yield Dividend Leaders

United Spirits and Wipro top the list with substantial dividend announcements. Both companies are issuing interim dividends of Rs. 6 per equity share, representing a 300% payout over their face value of Rs. 2 per share.

United Spirits, with a market capitalisation of Rs. 96,955.87 crore, closed at Rs. 1333 per share, declining 0.44% from the previous day's close of Rs. 1338.95. Wipro, valued at Rs. 2,49,962.38 crore, ended at Rs. 238.35 per share, down nearly 1% from Rs. 240.70.

Mid-Range Dividend Offerings

Several companies are offering moderate to attractive dividend payouts with varying yields. KEI Industries stands out with Rs. 4.50 per share dividend, representing 225% of its Rs. 2 face value.

KEI Industries closed at Rs. 3806.85 per share, dropping over 1% from Rs. 3846.55, while offering a dividend yield of 0.12%. Jindal Stainless, with its Rs. 1 per share dividend representing 50% of face value, provides a 0.40% dividend yield.

Technology and Service Sector Participants

The technology and financial services sectors are well-represented in next week's ex-dividend list. Mastek leads this segment with Rs. 8 per share dividend, while CAMS offers Rs. 3.50 per share.

Mastek, with a market capitalisation of Rs. 6,213.93 crore, experienced the steepest decline, falling over 5% to Rs. 2005.05 from Rs. 2111.60. Computer Age Management Services closed at Rs. 679.70, down nearly 4% from Rs. 707.70, while maintaining an attractive dividend yield of 1.73%.

Key Considerations for Investors

Investors should note that purchasing stocks on or after the ex-dividend date will not entitle them to receive the declared dividend. The record dates span from January 27-30, 2026, with most companies setting their ex-dividend dates accordingly.

Automobile Corporation of Goa offers the highest dividend yield at 1.50% despite its Rs. 5 dividend representing only 50% of its Rs. 10 face value. The company's shares declined 4% to Rs. 1674.85 from Rs. 1743.60, reflecting broader market movements affecting dividend-paying stocks.