Stocks to watch today: Trent, IndusInd Bank, Dabur, PSU steel and power counters in focus on January 6

Several frontline and mid-cap stocks are set to remain active in Tuesday’s trade amid earnings updates, business developments and sector cues.

• Why it matters now: Early signals from GIFT NIFTY point to a positive market open, making stock-specific news crucial for intraday moves.

• What changes for people: Investors may see sharp reactions in banking, FMCG, retail, steel and energy stocks.

• Who is affected: Retail traders, institutional investors and sector-focused portfolios.

Indian equity markets are expected to begin January 6 on a positive note, with GIFT NIFTY futures indicating a 73-point higher opening for the NIFTY50. As broader sentiment steadies, several stocks are likely to stay in focus due to quarterly updates, regulatory filings and operational announcements.

Below are the key stocks to track in today’s session.

Banking and financial stocks in focus

IndusInd Bank reported a 13.1% slowdown in loan growth, with advances at ₹3.19 lakh crore in the October–December quarter. Deposits declined 3.8% year-on-year to ₹3.94 lakh crore, according to a regulatory filing. Investors will closely monitor the stock amid lingering concerns following previously disclosed derivatives-related accounting lapses worth ₹1,960 crore.

Kotak Mahindra Bank, Axis Bank, and L&T Finance may also see action as traders reposition ahead of upcoming earnings and sector-wide cues.

Trent posts strong revenue growth

Trent Ltd, the Tata Group’s retail arm, reported a 17% year-on-year rise in standalone revenue to ₹5,220 crore for the quarter ended December 31, 2025. The company continues to expand aggressively, with 278 Westside stores and 854 Zudio outlets, including international locations.

Market participants will assess whether the growth momentum supports current valuations after recent volatility in the stock.

Dabur flags demand recovery

Dabur India said it expects mid-single-digit revenue growth in the third quarter, with profit after tax likely to grow faster than revenue. The company pointed to early signs of demand recovery, supported by GST rate revisions and improved consumer sentiment, particularly in rural markets.

FMCG stocks may react to management commentary on pricing, margins and volume trends.

ONGC and Adani Ports on corporate developments

ONGC announced that it has entered into joint venture and capital contribution agreements with Japan’s Mitsui O.S.K. Lines. The PSU major will hold a 50% stake in two new entities registered at GIFT City, Gandhinagar, aimed at strengthening its energy logistics ecosystem.

Adani Ports is also expected to remain on traders’ radar amid broader movements in infrastructure and logistics stocks.

Auto and hospitality updates

Tata Motors Passenger Vehicles remains in focus after Jaguar Land Rover reported lower wholesale and retail volumes for the December quarter. The company cited production disruptions following a cyber incident, global distribution delays and higher US tariffs impacting exports.

Leela Palaces, Hotels and Resorts announced the incorporation of a wholly owned subsidiary, Leela Imperial Suites Private Ltd, to own and operate luxury hospitality assets under The Leela brand.

PSU steel and power counters active

SAIL reported a 37% year-on-year jump in December sales to 2.1 million tonnes, marking its best-ever performance for the month. The company highlighted improved customer deliveries and inventory reduction as key drivers.

Indian Energy Exchange (IEX) posted an 11.9% rise in electricity trade volumes to 34.08 billion units in the October–December period, reflecting steady demand in the power market.

Other stocks to track

GM Breweries is expected to announce its December quarter earnings later in the day, which could drive stock-specific volatility.