Stocks to Watch: ITC Hotels, Adani Power, LTIMindtree Among 10 Shares in Focus Today
Indian markets are expected to open flat-to-positive with Gift Nifty up 0.15% at 25,605, despite global uncertainties from U.S. tariff threats. Monday saw Sensex decline 324 points to 83,246.18 and Nifty fall 109 points to 25,585.50. Key stocks in focus include companies announcing Q3 FY26 results like ITC Hotels and AU Small Finance Bank, while Adani Power gained NCLAT approval for its ₹4,000 crore resolution plan and CEAT reported strong 60.3% YoY profit growth to ₹155.7 crore.
*this image is generated using AI for illustrative purposes only.
The Indian stock market is expected to open flat-to-positive on Tuesday, with Gift Nifty trading up 38 points or 0.15% at 25,605. This comes amid ongoing geopolitical tensions and renewed U.S. tariff threats that have created uncertainty in global markets. Asian markets mostly traded lower on Tuesday, reflecting the cautious sentiment among investors.
Market Performance and Outlook
On Monday, both major Indian indices remained in negative territory due to weak global cues and concerns over potential trade wars following U.S. President Donald Trump's announcement of tariffs on eight European countries.
| Index | Monday Close | Change (Points) | Change (%) |
|---|---|---|---|
| Sensex | 83,246.18 | -324 | -0.39% |
| Nifty 50 | 25,585.50 | -109 | -0.42% |
| BSE Midcap | - | - | -0.43% |
| BSE Smallcap | - | - | -1.28% |
According to Ponmudi R, CEO of Enrich Money, "Indian equities are set to open with a cautious undertone as global trade uncertainties, driven by aggressive use of tariffs by the U.S. administration, continue to trigger a risk-off mood across global markets. Steady buying by domestic institutional investors continues to act as a key stabiliser, absorbing selling pressure and helping prevent deeper drawdowns in the market."
Quarterly Earnings in Focus
Several companies are scheduled to announce their Q3 FY26 results today, which will likely drive investor interest and trading activity.
Companies Declaring Q3 FY26 Results:
- ITC Hotels
- IndiaMART InterMESH
- AU Small Finance Bank
- Rallies India
- SRF
Major Corporate Developments
Adani Power
Adani Power secured a significant victory at the NCLAT in Delhi after the tribunal rejected appeals challenging its ₹4,000 crore resolution plan for Vidarbha Industries Power Limited. This decision effectively affirms the approval previously granted by the NCLT Mumbai Bench.
LTIMindtree
The company delivered mixed Q3 FY26 results, reporting challenges due to regulatory changes.
| Metric | Q3 FY26 Performance |
|---|---|
| Net Profit | ₹959.6 crore |
| QoQ Change | -30.5% decline |
| Estimated Profit | ₹1,417 crore |
| Impact Factor | One-off impact from new labour codes implementation |
Tata Capital
The company posted strong quarterly growth across key financial metrics.
| Parameter | Q3 FY26 | QoQ Growth |
|---|---|---|
| Net Profit | ₹790 crore | +19.7% |
| Net Interest Income | ₹2,541 crore | +44% |
Business Expansion and Strategic Initiatives
UPL
UPL's subsidiary, Advanta Enterprises, has submitted a Draft Red Herring Prospectus (DRHP) to SEBI for a proposed IPO. The issue will be a pure offer for sale, with existing shareholders offloading 3.61 crore equity shares, including 2.81 crore shares to be sold by UPL.
Hindustan Petroleum Corporation
HPCL entered into a 10-year Sale Purchase Agreement with Abu Dhabi Gas Liquefaction Company (ALNG), UAE, to source Liquefied Natural Gas. ALNG is a subsidiary of ADNOC Gas.
Deepak Nitrate
The company's subsidiary, Deepak Chem Tech, has operationalised its nitration facility along with the second hydrogenation plant at Dahej, Gujarat.
Strong Quarterly Performances
CEAT
CEAT delivered exceptional Q3 results, demonstrating robust operational performance.
| Metric | Q3 Performance | YoY Growth |
|---|---|---|
| Net Profit | ₹155.7 crore | +60.3% |
| Revenue | ₹4,157 crore | +26% |
| EBITDA Growth | - | +65.2% |
| EBITDA Margin | 13.5% | - |
Havells India
Havells India posted mixed Q3 FY26 results with revenue growth but profit below expectations.
| Parameter | Q3 FY26 | YoY Change |
|---|---|---|
| Net Profit | ₹301 crore | +6.4% |
| Revenue | ₹5,573 crore | +14.2% |
| Performance vs Estimates | Below expectations | Revenue marginally above Street estimates |
ACME Solar
Renewable energy firm ACME Solar announced the commencement of operations for 68 MW of generation capacity under its 100 MW wind power project in Surendranagar, Gujarat, marking progress in its renewable energy expansion.
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