Ten companies spanning multiple sectors are scheduled to announce their Q3 FY26 results today, drawing significant investor attention as markets await December quarter earnings. The Nifty 50 benchmark index hovers around the 25,585 level, with investor sentiment remaining cautious ahead of these key quarterly announcements.

Major IT and Technology Companies

Persistent Systems leads the technology sector announcements with a market capitalisation of ₹1,01,512 crores. The IT services company, which specializes in software product development and digital transformation solutions, closed at ₹6,435.00 per share, gaining from its previous close of ₹6,403.10. The company serves global clients across BFSI, healthcare, and telecom sectors through cloud, data analytics, and enterprise software solutions.

Newgen Software Technologies, with a market cap of ₹10,508 crores, also reports today. The enterprise software company focuses on digital transformation solutions including business process management and document management for banks, insurance companies, and government sectors. Its shares closed at ₹738.40, down from ₹749.25.

Consumer Goods and Hospitality Sector

United Spirits, part of the Diageo group and India's largest alcoholic beverages company, will announce results with a market capitalisation of ₹96,275 crores. The company produces and markets popular brands of whisky, rum, vodka, and other spirits for both domestic and international markets.

ITC Hotels, the premium hospitality chain under ITC Limited, operates luxury and upscale hotels with a focus on sustainable practices and experiential stays. Epack Durable specializes in consumer appliances and household items for the domestic market.

Industrial and Chemical Manufacturing

SRF Limited, with a market capitalisation of ₹87,495 crores, represents the chemicals and industrial manufacturing sector. The company operates in chemicals, polymers, and packaging films, serving automotive, pharmaceutical, and agriculture industries. Its shares closed at ₹2,951.70, down from ₹3,025.85.

DCM Shriram, valued at ₹17,726 crores, is a diversified conglomerate with interests in chemicals, fertilizers, sugar, and agri-inputs. The company closed at ₹1,136.75, declining from ₹1,161.60.

Financial Services and Energy Sector

AU Small Finance Bank focuses on providing financial services to MSMEs and retail customers across urban and semi-urban areas. Gujarat Gas, India's largest city gas distribution company, supplies natural gas for domestic, industrial, and commercial use across Gujarat and other states.

Vikram Solar represents the renewable energy sector, manufacturing high-efficiency photovoltaic modules and providing EPC solutions for solar power projects. Notably, Vikram Solar was one of only two companies to close higher, gaining to ₹237.45 from ₹235.15.

Market Outlook

The diverse sector representation in today's results announcements provides investors with comprehensive insights into various segments of the Indian economy. With market capitalizations ranging from ₹2,528 crores to ₹1,01,512 crores, these companies collectively represent significant market value and offer perspectives across technology, consumer goods, manufacturing, financial services, and energy sectors.

Five mid-cap stocks are currently trading in oversold territory with Relative Strength Index (RSI) levels below 30, presenting potential technical rebound opportunities for investors. The RSI, a momentum indicator measuring price movement speed and magnitude on a 0-100 scale, helps traders identify stretched price conditions and potential reversal points.

Understanding RSI Oversold Conditions

The Relative Strength Index serves as a key technical indicator for assessing market momentum. Readings above 70 typically signal overbought conditions with potential pullback risks, while levels below 30 suggest oversold territory where price recovery may occur. The current oversold stocks demonstrate RSI readings ranging from 16.87 to 28.63, indicating significant price corrections that could present bounce-back opportunities.

Stocks Trading in Oversold Territory

The following table presents the five stocks currently exhibiting oversold RSI conditions:

Company Profiles and Business Operations

Apar Industries leads the oversold list with an RSI of 16.87. The company operates as a prominent manufacturer of conductors, power cables, specialty oils, and polymers, serving utilities, renewable energy, automotive, and industrial sectors with strong export presence and technology-led manufacturing capabilities.

Whirlpool of India trades with an RSI of 20.51, representing a major home appliances manufacturer offering refrigerators, washing machines, air conditioners, and kitchen appliances. The company maintains strong brand recognition and nationwide distribution networks while focusing on innovation and energy-efficient products.

Gravita India shows an RSI of 22.54 as a leading recycling company specializing in lead and aluminum recovery. Operating across multiple countries, the company benefits from circular economy trends through its integrated business model and expanding global footprint.

Jyothy Labs exhibits an RSI of 23.34 as an established FMCG company with strong presence in fabric care, household insecticides, and personal care products. The company leverages trusted brands and extensive rural reach for steady volume growth and margin improvement.

Tube Investments of India, part of the Murugappa Group, demonstrates an RSI of 28.63 as a diversified engineering company spanning precision tubes, bicycles, metal-formed products, and mobility solutions. The company has successfully transformed into a multi-business, growth-oriented industrial enterprise.

Market Capitalization Analysis

The oversold stocks represent diverse market capitalizations ranging from ₹9,291 crores to ₹46,019 crores. Tube Investments of India commands the highest market capitalization at ₹46,019 crores, while Jyothy Labs represents the smallest at ₹9,291 crores. This range indicates that oversold conditions are affecting companies across different market cap segments, suggesting broader market correction trends rather than company-specific issues.

Technical Outlook

The RSI readings between 16.87 and 28.63 across these five stocks indicate significant oversold conditions that technical analysts often interpret as potential reversal signals. However, investors should consider that oversold conditions can persist during strong downtrends, and RSI alone should not constitute the sole basis for investment decisions. The diverse sector representation among these oversold stocks suggests market-wide correction pressures affecting multiple industries simultaneously.