Markets Today: Key Q3 FY26 Earnings, AXISCADES Defence Order, F&O Ban Stocks, and Corporate Updates in Focus
Indian equity markets are set for a news-heavy session on January 19, 2026, with multiple Q3 FY26 earnings announcements, a major defence-sector order win, fresh order developments, and regulatory disclosures shaping stock-specific action.
Q3 FY26 Earnings to Watch
As per the corporate calendar, the following companies are scheduled to announce their Q3 FY26 financial results today, subject to board approvals and regulatory filings:
Hindustan Zinc Ltd
LTIMindtree Ltd
Indian Railway Finance Corporation Ltd
Punjab National Bank
Bharat Heavy Electricals Ltd
Havells India Ltd
Oberoi Realty Ltd
Hatsun Agro Product Ltd
Netweb Technologies India Ltd
CEAT Ltd
The earnings are expected to provide insights across metals, IT services, banking, capital goods, consumer durables, real estate, and auto ancillary sectors.
AXISCADES Technologies: ₹100 Cr Defence Order Win
AXISCADES Technologies Limited announced that its subsidiary, Mistral Solutions Private Limited, has secured a significant domestic supply order from Bharat Electronics Ltd (BEL), a Navratna PSU under the Ministry of Defence.
The order involves the supply of Signal and Data Processing Units along with associated spares, with an estimated value of ₹100 crore, based on final purchase order terms. The contract will be executed over a two-year period. The company clarified that there is no promoter or promoter group interest in BEL, and the transaction does not qualify as a related party transaction. The development reinforces AXISCADES’ growing footprint in defence electronics and mission-critical systems.
Stocks Under F&O Ban
The following stocks are under the F&O ban for the session after breaching market-wide position limits:
Sammaan Capital
SAIL
No new derivative positions are permitted in these stocks; only squaring off of existing positions is allowed.
Vedanta Group: Mining Demand Notices
Vedanta Ltd’s subsidiary, ESL Steel, has received two demand notices totaling ₹1,255.37 crore from the Government of Odisha. The notices pertain to an alleged shortfall in meeting minimum production and dispatch targets during the fourth year of operations for two mining leases—BICO and Feegrade Mine—as per the respective lease conditions.
Rail Vikas Nigam Ltd: Order Update
Rail Vikas Nigam Ltd (RVNL) has emerged as the lowest bidder for a contract worth ₹87.55 crore from South Eastern Railway. The project involves the supply, installation, testing, and commissioning of an IP-based Video Surveillance System (VSS) in LHB coaches, with four cameras per coach, strengthening RVNL’s presence in railway safety and digital infrastructure initiatives.
Overall, the market is expected to remain stock-specific, driven by earnings outcomes, defence and infrastructure order flows, and regulatory developments.
Markets Today: GIFT Nifty Signals Weak Start; Wakefit Share Capital Recast, Kotak Bullish on HDFC Bank
Indian markets were indicated to open on a cautious note on Monday, January 19, 2026, as GIFT Nifty (earlier SGX Nifty) traded lower in early hours. At around 7:28 am IST, GIFT Nifty was down 171.5 points or 0.67 percent at 25,572, compared to the previous close. The index opened at 25,702, touched a high of 25,702, and a low of 25,562.5, signalling negative sentiment ahead of the domestic market opening.
Wakefit Innovations: Share Capital Reclassification and Upside Arrangement Approved
Wakefit Innovations’ shareholders have approved the reclassification of the company’s authorised share capital, converting preference shares into equity shares. Shareholders also approved an ‘upside arrangement’ under an amended Shareholders’ Agreement involving certain investors and promoters.
Under this arrangement, promoters will be entitled to 30 percent of the proceeds generated above a 2.5x return threshold for specified investors, applicable during future exit or liquidation events. To formalise this structure, the company has inserted Article 168 into its Articles of Association. The move is expected to align promoter incentives with value creation while providing downside protection to investors.
HDFC Bank: Kotak Securities Maintains Positive View
Kotak Securities reiterated its ‘Add’ rating on HDFC Bank, maintaining a target price of ₹1,050. The brokerage remains constructive on the bank’s medium-term outlook, citing its strong franchise, balance sheet strength, and earnings visibility.
Overall, early market indicators pointed to a weak start amid mixed corporate developments, with investors likely to track global cues, stock-specific actions, and brokerage calls through the session.
Disclaimer
This article is for information purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Stock market investments are subject to market risks. Readers are advised to consult their financial advisors before making any investment decisions. The information is based on publicly available disclosures and is believed to be accurate at the time of publication; however, no representation or warranty is made regarding its completeness or accuracy.
