Stocks To Watch Today: Top 11 Picks for January 28, 2026 – Strategic Moves & Q3 Insights
The Indian stock market is buzzing this Wednesday, January 28, 2026. With the GIFT Nifty signaling a positive start and global cues showing resilience, investors are laser-focused on a specific set of high-impact stocks. From massive debt-restructuring deals to the dawn of the EV era, today’s session is not just about numbers—it’s about the future of India’s industrial giants.
As a market observer, I feel today's session is going to be a 'litmus test' for retail investors.
Vedanta aims to raise nearly ₹4,600 crore through this strategic stake sale. For real-time bidding data and price movements, follow the
Economic Times live updates on Vedanta HZL OFS throughout the trading session.
1. Vedanta’s Strategic Stake Sale: A Masterstroke or Debt Trap ?
Personally, I would suggest keeping an eye on the liquidity this OFS brings. For a retail investor, this isn't just a sale; it's about how the group handles its massive ₹48,000 crore debt.
The spotlight is firmly on the Anil Agarwal-led conglomerate.
- What's happening?: Vedanta is launching its Offer for Sale (OFS) today, January 28, to sell up to a 1.59% stake (6.7 crore shares) in Hindustan Zinc (HZL)
- The Price: The floor price is set at ₹685, a strategic move to raise nearly ₹4,600 crore.
- 2026 Outlook: This is a crucial step in Vedanta's "Deleveraging Roadmap." With the demerger into five separate listed entities targeted for completion by March 2026, these cash inflows are vital for balancing the ₹48,000 crore group debt.
2. Maruti Suzuki: The Electric Revolution Begins
Maruti is no longer just a "small car" player.
- Why this matters for your pocket ? :- Today marks a major sentiment shift as bookings and ecosystem details for the e-Vitara (Maruti’s first EV) are finalized for its 2026 rollout.
Safety is a major highlight, with the e-Vitara securing a 5-star Bharat NCAP rating. You can explore the full technical architecture and eAxle details in the
Autocar India Maruti e-Vitara deep dive .
- Ground Reality :- With 1,500 EV-ready workshops and a ₹250 crore infrastructure investment already in place, Maruti is positioned to dominate the 15% EV penetration expected in India by 2030.
3. L&T (Larsen & Toubro): Order Book Power
- Why Watch :- L&T continues to be the proxy for India’s CAPEX story. As of late January 2026, their focus remains on green hydrogen and high-speed rail projects. Watch for any fresh order inflow announcements which typically hit the bourses during mid-week sessions.
4. Vodafone Idea (Vi): Narrowing Losses, Rising ARPU
- The Update :- Vi’s Q3 FY26 results show a narrowing net loss (now at ₹5,286 crore).
- The 2026 Catalyst :- The resolution of the AGR dues matter (frozen at ₹87,695 crore) provides a predictable payment schedule. With 5G rollout now active in 17 priority circles, the focus is on whether they can stop subscriber churn.
While Vi’s losses have narrowed to ₹5,286 crore, debt challenges remain a key focus for analysts. Check the
NDTV Profit analysis on Vi Q3 earnings to understand the long-term impact on its 5G roadmap.
Quick Insight :- Can Vi really challenge the Jio-Airtel duopoly in 2026 ?
The Verdict :- It purely depends on their 5G execution and ability to hold onto premium users.
5. ABB India & Titagarh Rail Systems: The Metro Duo
- The Deal :- These two signed a massive agreement on Jan 27, 2026, for propulsion systems for the Mumbai Metro (Line 5 & 6).
- Strategic Shift :- Titagarh has officially transferred its shipbuilding business to a subsidiary as of January 1, 2026, to focus purely on becoming a "Railway Systems" powerhouse.
6. Cochin Shipyard: Riding the 'Viksit Bharat' Wave
- Cochin Shipyard :- is currently benefiting from the government's focus on indigenous naval power. It’s a strong play for those looking at the long-term defense sector.
- With the recent launch of India's next-gen patrol vessels, Cochin Shipyard is sitting on a robust order book. It’s a classic 'buy on dips' candidate for those betting on India's maritime strength.
7. Metro Brands: Why Investors Should Be Cautious
- Metro Brands :- Caution is advised here. Recent analyst reports have shifted to a "Strong Sell" due to expensive valuations (EV/CE of 12.5) and sluggish 1.76% operating profit growth.
- While the footwear industry is growing, Metro's current stock price is factoring in growth that hasn't materialized in the margins yet. Be careful not to get trapped at these peak levels.
- Valuation is the biggest enemy here.
8. Textile Stocks & Marico
- Textiles :- Stocks like VTM Ltd and others are in focus as they navigate new US trade tariffs while pushing for "Make in India" exports.
- Marico :- Reported a solid 26.6% revenue growth in Q3 FY26, led by strong international business. It remains a defensive favorite in a volatile market.
Summary Table: Quick Market Glance
| Stock | Key Event (Jan 28, 2026) | Sentiment |
| Vedanta | HZL Stake Sale (OFS) | Neutral to Positive |
| Maruti | EV Ecosystem Launch | Bullish |
| Vodafone Idea | AGR Resolution/5G Progress | Watchful |
| Titagarh | ABB Partnership/Metro Orders | Bullish |
| Metro Brands | Post-Earnings Valuation Pressure | Bearish |
Frequently Asked Questions (F&Q)
Is it a good time to buy Vedanta before the demerger ?
The demerger (expected by March 2026) aims to unlock value by creating pure-play companies. However, the high debt levels and commodity price cycles remain risks you should discuss with a financial advisor.
What is the floor price for the HZL OFS ?
The floor price is set at ₹685 per share. The non-retail window opens today, January 28, while retail investors can bid tomorrow, January 29.
Why are textile stocks moving today ?
Textile stocks are reacting to Q3 earnings and shifting global supply chain dynamics as Indian manufacturers gain market share in the premium segment.
Conclusion
The market on January 28, 2026, is a classic mix of corporate restructuring (Vedanta), technological transition (Maruti, ABB), and fiscal recovery (Vi). For a retail investor, the "wait and watch" approach on high-valuation stocks like Metro Brands, combined with an "accumulation" strategy on infra-heavy weights like L&T, seems to be the professional consensus.
Stay Disciplined, Stay Invested.
Disclaimer
The information provided in this blog is for educational purposes only and does not constitute financial advice. Stock market investments are subject to market risks. Please consult a SEBI-registered financial advisor before making any investment decisions. The author is not responsible for any financial losses.
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