Indian equity markets are expected to see stock-specific action today as investors respond to a fresh batch of quarterly earnings and company updates. With the immediate Budget 2026 reaction fading, attention has firmly shifted back to fundamentals, earnings quality, and forward visibility.
Several companies announced results on Monday, while others are in focus due to sector trends or follow-through trade expected after earnings. Here’s a detailed look at the stocks likely to remain active during today’s session.
Bajaj Housing Finance: Strong Loan Growth, Stable Asset Quality
Bajaj Housing Finance reported a steady set of numbers for the quarter, supported by healthy loan disbursements and stable asset quality.
Key Q3 Performance Highlights
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Net profit: ₹665 crore, up around 21% year-on-year
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Net interest income (NII): ₹963 crore, up 19% YoY
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Total income: ₹1,153 crore, up 24% YoY
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Assets under management (AUM): ₹1.33 lakh crore, growth of about 23% YoY
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Gross NPA: 0.27%
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Net NPA: 0.11%
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Capital adequacy ratio: 23%
The company continued to benefit from strong demand in the housing finance segment while keeping credit costs under control. Despite the solid numbers, the stock reaction was largely muted, indicating that valuations already factor in much of the growth optimism. Investors will be watching for management commentary on growth, sustainability, and margins.
Ather Energy: Revenue Surge, Losses Narrow Sharply
Electric two-wheeler maker Ather Energy remained in focus after reporting a sharp improvement in operational performance.
Key Q3 Performance Highlights
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Revenue: ₹954 crore, up nearly 50% YoY
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Net loss: ₹85 crore, sharply lower from ₹198 crore last year
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EBITDA loss: Narrowed significantly due to operating leverage
Higher vehicle sales and better cost control helped the company improve its financial profile. While Ather is still loss-making, the pace of loss reduction stood out. The stock is likely to react to whether investors believe this trajectory can be sustained amid rising competition in the EV space.
RailTel: Steady Results, Order Book in Focus
RailTel reported stable quarterly performance, supported by the execution of existing projects.
What the Market Is Watching
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Revenue stability from ongoing government and railway-linked projects
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Commentary or expectations around new order inflows
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Outlook on margins in a competitive PSU technology environment
For RailTel, earnings tend to take a back seat to order visibility. Any update on fresh contracts or project wins could drive movement in the stock.
Tata Chemicals: Loss Widens as Demand Remains Weak
Tata Chemicals delivered a weak set of numbers, reflecting continued pressure in the global chemicals market.
Key Q3 Performance Highlights
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Net loss: ₹93 crore (v/s ₹53 crore loss last year)
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EBITDA declined due to lower realisations and weak demand
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One-time costs related to labour code implementation weighed on performance
The results underline the challenges facing the chemicals sector. With limited near-term visibility on demand recovery, the stock may remain under pressure unless there are signs of improvement in pricing or volumes.
PB Fintech: Profitability Strengthens Further
PB Fintech posted another strong quarter, continuing its transition into a more profitable phase.
Key Q3 Performance Highlights
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Net profit: ₹189 crore, more than double YoY
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Revenue growth: 37% YoY
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Improved operating leverage and cost efficiency
The company’s consistent profitability has strengthened investor confidence. Given the strong run-up in the stock over recent months, today’s trade may see a mix of follow-up buying and selective profit-taking.
Aditya Birla Lifestyle Brands: Margins Improve
Aditya Birla Lifestyle Brands reported steady growth, with improving margins indicating better operational control.
Key Q3 Performance Highlights
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Net profit: ₹69 crore, up 15% YoY
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Revenue growth: 9–10% YoY
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Margin improvement supported by better execution in fashion and apparel segments
While growth remains measured, the improving profitability trend keeps the stock on investors’ radar.
PG Electroplast: Strong Growth Continues
PG Electroplast delivered another strong quarter, maintaining momentum seen over the past few periods.
Key Q3 Performance Highlights
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Revenue growth: 46% YoY
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Net profit growth: 50% YoY
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Margin expansion driven by scale and operational efficiency
Consistent execution and earnings visibility continue to support sentiment around the stock.
Market View: Stock-Specific Action to Dominate
With earnings season in full swing and more results lined up through the week, markets are expected to remain stock-driven rather than index-led. Financials, select consumer names, EV-related stocks, and PSU-linked plays are likely to see heightened activity.
For investors, the focus remains firmly on earnings quality, balance-sheet strength, and forward guidance factors that are increasingly separating winners from laggards in the current market phase.
