Stocks to watch on January 9 as BHEL, IREDA, RVNL and others remain in focus
Indian equity markets are likely to see action in select stocks on January 9, with companies such as BHEL, IREDA, Tejas Networks, Heritage Foods, Devyani International, RVNL, Elecon Engineering, Bharat Forge and IEX expected to remain in focus due to business updates, order wins and sector specific developments.
Several stocks are expected to attract investor attention in Thursday’s trading session as company specific developments and sector cues drive sentiment. Bharat Heavy Electricals Limited is likely to remain in focus following updates related to project execution and order flows. Investors are closely tracking PSU capital goods stocks amid expectations of sustained infrastructure spending. Indian Renewable Energy Development Agency may see action ahead of its quarterly earnings, with the market watching loan growth, asset quality and guidance in the renewable financing space.
Tejas Networks is also on the radar as telecom and networking stocks continue to attract interest on expectations of higher domestic and export orders.Heritage Foods could see movement following business updates and expectations around demand trends in the consumer staples segment. Devyani International remains in focus as investors track expansion plans, same store sales growth and margin trends in the QSR space.
Rail Vikas Nigam Limited is expected to see interest amid continued focus on railway capex and potential order announcements. Elecon Engineering may witness activity as industrial and manufacturing stocks react to sector demand outlook. Bharat Forge is being watched for developments related to defence, auto and export demand. Indian Energy Exchange could see volatility amid changing dynamics in the power trading and regulatory environment. Overall, market participants are expected to adopt a stock specific approach, tracking corporate announcements, earnings expectations and sector cues while navigating broader market volatility.
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