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  1. Stocks to Watch, November 17: Tata Motors PV, Maruti, Lupin, Glenmark Pharma, Godrej Properties, Kotak Bank, Amber Enterprises

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Stocks to Watch, November 17: Tata Motors PV, Maruti, Lupin, Glenmark Pharma, Godrej Properties, Kotak Bank, Amber Enterprises

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12 min read | Updated on November 17, 2025, 07:49 IST

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SUMMARY

Stocks to Watch: Tata Motors Passenger Vehicles on Saturday unveiled its SUV Sierra in an all-new avatar. The new Tata Sierra retains its heritage and distinctive design DNA, embodying freedom, individuality, and the spirit of exploration, the Mumbai-based auto major said.

Shares in focus, Nov 17, 2025

The GIFT NIFTY futures suggest that the NIFTY50 index will open 52 points higher. | Image: Shutterstock

Stocks to Watch: The domestic stock market is expected to open in the green on Monday, November 17. The GIFT NIFTY futures suggest that the NIFTY50 index will open 52 points higher.
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Here is a list of stocks that may remain in focus on Monday, November 17.
MGL, IGL: Mahangar Gas (MGL) said on Sunday that the CNG supply to Mumbai was affected due to damage to the main pipeline. A majority of autorickshaws and taxis, including those operated by companies such as Ola and Uber, as well as some buses run by public transport undertakings, run on compressed natural gas (CNG) supplied by MGL.

The gas utility, however, said it has "prioritised" supply to residences that will ensure that the piped natural gas supply to homes continues.

Indraprastha Gas Limited (IGL) on Saturday hiked the prices of compressed natural gas (CNG) across select cities by around ₹1. It came into effect at 6:00 a.m. on November 16, 2025.

IGL, as per news reports, has been supplying CNG to over 15 lakh vehicles through its robust network of over 725 CNG stations in Delhi, Noida, Greater Noida, Ghaziabad, Hapur, Muzaffarnagar, Shamli, Meerut, Kanpur, Fatehpur, Hamirpur, Rewari, Gurugram, Karnal, and Kaithal.

Tata Motors PV: Tata Motors Passenger Vehicles on Saturday unveiled its SUV Sierra in an all-new avatar.

The new Tata Sierra retains its heritage and distinctive design DNA, embodying freedom, individuality, and the spirit of exploration, the Mumbai-based auto major said.

The model will compete with mid-sized SUVs like the Hyundai Creta, Maruti Grand Vitara, and Honda Elevate.

The new Tata Sierra will be officially launched on November 25, 2025.

In its concall post Q2 earnings, the company said that for FY26, JLR expects an EBIT margin of 0-2% positive and negative free cash flow of £2.2-2.5 billion. It added that JLR will provide FY27 guidance updates after the next earnings release. For the India PV industry, management expects double-digit growth in the second half and full-year growth around 5% (+/- 2%).

It added that JLR expects Q3 to be heavily impacted by production losses, with a return to normal only in Q4.

Maruti: Maruti Suzuki India is recalling 39,506 units of Grand Vitara to replace a faulty fuel indicator part.

The company is recalling the affected lot of the model manufactured from December 9, 2024, to April 29, 2025, according to a regulatory filing.

It is suspected that the fuel level indicator and warning light in the speedometer assembly in some of these vehicles may not accurately reflect the fuel status as intended, it said.

Kotak Mahindra Bank: Private sector lender Kotak Mahindra Bank on Friday, November 14, said its board will meet on November 21 to consider a stock split. The bank, in a regulatory filing, said it will “consider a proposal for sub-division (split) of the existing equity shares of the Bank having a face value of ₹5/- each, fully paid-up, in such manner as may be determined by the Board of Directors.”
Lupin: The pharma major on Friday announced that the United States Food and Drug Administration (U.S. FDA) has completed a product-specific pre-approval inspection at its Unit-1 oral solid dosage manufacturing facility in Nagpur. The inspection was carried out from November 10 to November 14, 2025, and concluded with zero 483 observations.
Godrej Properties: Godrej Properties will launch around ₹22,000 crore worth of housing units for sale in the second half of this fiscal year to capitalise on strong consumer demand, a top company official said.
In an interview with PTI, Godrej Properties Executive Chairperson Pirojsha Godrej said the company had provided guidance that it would launch properties worth ₹40,000 crore and sell units of about ₹32,500 crore during this fiscal year.
Anant Raj: Shares of Anant Raj are expected to trade actively on Monday, November 17, as the real estate company stated in its regulatory filing on Saturday that it plans to invest ₹4,500 crore in Andhra Pradesh to set up data centres as part of its expansion strategy.
HUDCO: State-owned infra financing institution Housing and Urban Development Corporation Ltd (HUDCO) is in talks with multilateral development banks, including ADB, and institutions to mobilise $1 billion to fund infra projects in the country, its Chairman and Managing Director Sanjay Kulshreshta said.

"We are in advanced discussion with KfW (Germany's state-owned development bank) to raise $200 million," he told PTI.

Besides, the company is in talks with multilateral development banks like the Asian Development Bank for a loan of $500 million and $200-300 million from the Asian Infrastructure Investment Bank in the current financial year, Kulshreshta said.

Ola Electric: Ola Electric on Sunday said it has commenced test rides of its 4680 Bharat Cell vehicles at the company's flagship stores across India.

The S1 Pro+ (5.2 kWh) is the first product to be powered by the company's indigenously manufactured 4680 Bharat Cell battery pack that delivers more range, better performance, and enhanced safety.

Exide Industries: Exide Industries Ltd on Friday reported a 26% decline in consolidated net profit to ₹173.64 crore for the quarter ended in September, impacted by a transitional phase due to GST changes.

The company had posted a consolidated net profit of ₹233.40 crore in the corresponding quarter a year ago, Exide Industries said in a regulatory filing.

Consolidated revenue from operations saw a marginal decline of 1.9% to ₹4,364.51 crore during the quarter, down from ₹4,450.00 crore a year earlier.

For the half-year ended September 2025, consolidated net profit was 1.3% lower at ₹448.22 crore, compared to ₹454.15 crore seen in H1 FY’25.

Dish TV: Direct-to-home firm Dish TV India Ltd on Friday reported a widening of its consolidated net loss to ₹132.65 crore in the September quarter of FY26 on account of a rise in alternative entertainment options, inflationary pressures, and currency depreciation.

The company had reported a net loss of ₹37.38 crore in the July-September quarter a year ago, according to a regulatory filing from Dish TV.

Its revenue from the operation slipped 27.41% to ₹291.13 crore in the September quarter. The same metric was ₹395.62 crore in the corresponding quarter.

Dish TV "EBITDA for 2Q FY26 stood at ₹31.8 crore, a decrease of 77.9% year-over-year," the company said in its earnings statement.

Indian Hotels Company Ltd (IHCL): Indian Hotels Company Ltd (IHCL) on Friday said it has signed pacts to acquire a majority 51% stake in Sparsh Infratech, the owning company of the brand 'Atmantan', for around ₹240 crore.
"This partnership with founders Sharmilee and Nikhil Kapur brings together Atmantan's proprietary programmes and IHCL's vision of entering and expanding in the integrated wellness segment across select destinations globally, including within our portfolio... The ₹240 crore acquisition will be funded through inter accrual," IHCL Managing Director and Chief Executive Officer Puneet Chhatwal told PTI.

The deal gives IHCL ownership of the Atmantan brand, a 97-key luxury wellness centre in Mulshi near Pune, and its proprietary expertise, enabling expansion of the wellness platform in collaboration with its founding promoters, the company said.

Amber Enterprises: Amber Group, a homegrown contract manufacturer for HVAC (heating, ventilation, and air-conditioning) and consumer electronics, has announced it will acquire Pune-based printed circuit board maker Shogini Technoarts.

The company did not disclose the deal value.

IL JIN Electronics India, a subsidiary of Amber Group, has entered into a definitive agreement for the purchase of a majority stake in Shogini Technoarts, said a joint statement.

This deal will help Amber's "capabilities in PCB manufacturing and expand its product portfolio" through backward integration and reduce reliance on external suppliers.

A-1 Ltd: Chemical trading and logistics company A-1 Ltd on Saturday said its board has approved a bonus issue of shares as well as a 10:1 stock split to improve liquidity and make shares more affordable.

The company, in a statement, said that its board has approved an issue of bonus shares in the ratio of 3:1 -- three bonus equity shares for every one equity share held by the shareholders.

The board also recommended the subdivision of 1 equity share of face value of ₹10 each fully paid-up into 10 equity shares of face value of ₹1 each fully paid-up held by the shareholders.

GRM Overseas: Leading rice exporter GRM Overseas Ltd on Saturday said its net profit has jumped 61% year-on-year (YoY) to ₹14.83 crore in the July-September quarter on higher sales.

Total revenue of the company rose by 16 per cent to ₹372 crore in the second quarter of 2025-26 compared to ₹330 crore in the same quarter of the previous fiscal year, a company statement said.

"This growth was largely supported by a strong 72% YoY growth in exports, contributing to an overall revenue growth of 16% YoY. The exports business has witnessed robust traction driven by GRM's strong presence in the key international markets for Basmati rice," GRM Overseas Managing Director Atul Garg said.

IRB Infrastructure Developers: IRB Infrastructure Trust has bagged a package toll-operate and transfer (TOT) project from NHAI in Uttar Pradesh for an upfront consideration of ₹9,270 crore, an exchange filing said on Saturday.

The project is part of NHAI's asset monetisation programme announced earlier.

IRB Infrastructure Trust has received a Letter of Award from NHAI for a bundle covering 366 km of the Lucknow-Ayodhya-Gorakhpur corridor on NH-27 and part of the Lucknow-Varanasi corridor on NH-731 for a revenue-linked concession period of 20 years, IRB Infrastructure Developers, the manager for the project, said.

IRB Infrastructure Trust is the private InvIT (infrastructure investment trust) sponsored by IRB Infrastructure Developers.

Hindustan Zinc: Hindustan Zinc Ltd (HZL) on Saturday said it has received the licence to explore and mine a tungsten block in Andhra Pradesh from the state government.

This marks an important milestone for the Vedanta Group company as it looks to expand beyond zinc, lead, and silver into critical and high-value minerals essential for advanced manufacturing.

"Hindustan Zinc Ltd has been officially announced as the successful bidder for a tungsten and associated mineral block in Andhra Pradesh, following the receipt of the formal composite licence from the state government," the company said in a statement.

Siemens: Siemens Ltd has reported over 7% year-on-year (y-o-y) decline in consolidated net profit to ₹485 crore for the quarter ended September 30, 2025.

It had clocked a net profit (or profit after tax) of ₹523 crore in the July-September period a year ago, the company said in a statement on Friday.

However, the company saw its revenue from operations grow 16% to ₹5,171 crore during the quarter under review from ₹4,457 crore in the year-ago period.

"We delivered a robust performance this quarter, with a surge in revenue, driven by strong performance in our mobility and smart infrastructure businesses, while digital industries volumes were impacted due to a lower reach in the order backlog from the previous year and muted private sector capex," MD and CEO Sunil Mathur said.

Max Healthcare Institute: Max Healthcare Institute Ltd on Friday reported a 58.73% rise in network profit after tax (PAT) to ₹554 crore in the September quarter, boosted by a favourable tax impact from the merger of two arms.

The company had posted a profit after tax (PAT) of ₹349 crore in the second quarter of the last fiscal year, Max Healthcare Institute Ltd said in a statement.

The PAT for the quarter includes a favourable tax impact of ₹149 crore arising from the merger of CRL and JHL, both wholly owned subsidiaries of the company, it added.

Network gross revenue was at ₹2,692 crore, up 21% year-on-year, the statement said.

ideaForge Technology: City-based drone maker ideaForge Technology Ltd on Friday said it has secured a supply order worth about ₹100 crore from the Indian Army for its next-generation tactical unmanned vehicle Zolt and all-terrain VTOL drone, SWITCH 2.

The capital emergency procurement order for its Zolt is valued around ₹75 crore, following an extensive and rigorous evaluation process -- extensive field trials in electronic warfare (EW) environments and stringent country of origin checks – while the SWITCH2 order is valued at ₹30 crore, ideaForge said.

The company had launched the two UAVs at the Aero India show in Bengaluru earlier this year.

Glenmark Pharmaceuticals: Glenmark Pharmaceuticals Ltd on Friday reported a 72.2% jump in consolidated profit after tax at ₹610.43 crore in the second quarter ended September 2025 on the back of its licensing deal with AbbVie for investigational asset 'ISB 2001'.

The company had posted a consolidated profit after tax (PAT) of ₹354.49 crore in the corresponding period last fiscal year, Glenmark Pharmaceuticals Ltd said in a regulatory filing.

Consolidated total revenue from operations was at ₹6,046.87 crore as against ₹3,433.8 crore seen in the same period a year ago, it added.

BGR Energy Systems: BGR Energy Systems' loss narrowed to ₹62.54 crore in the September quarter on the back of higher revenues.

The company had posted a loss of ₹192.79 crore in the second quarter of the current fiscal year, according to a regulatory filing.

Total income rose to ₹94.90 crore in the quarter from ₹87.74 crore in the year-ago period.

Coffee Day Global: Coffee Day Global, which operates popular café chain Café Coffee Day, has reported widening of its losses to ₹6.18 crore during the September quarter, even as its net revenue went up 5.6% to ₹274.18 crore.

The company had reported a net revenue of ₹259.64 crore, and its loss after tax was at ₹5.48 crore in the year-ago period, according to the regulatory filing by Coffee Day Global's parent entity, Coffee Day Enterprises Ltd.

Its average sales per day (ASPD) were marginally up to ₹21,168 on a year-on-year basis, in comparison to ₹21,038 a year ago.

Sequentially, ASPD was up 2.02% from ₹20,747 recorded in the June quarter.

With inputs from PTI
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