Stocks to Watch, November 21: Kotak Mahindra Bank, Groww, Godrej Properties, TCS, RIL, Hyundai, PVR INOX

In the overnight trade, US stocks ended sharply lower as a market-wide rally sparked by blockbuster Nvidia results and guidance lost steam, and as investors lost hope that the Federal Reserve would cut rates again in December.

TPG will be the only equity partner in the venture and invest $1 billion, or around ₹8,820 crore, in the AI data centre business christened as 'Hypervault'. It will hold a stake between 27.5% and 49% in the venture.

The deal comes within 40 days of the Tata Group company announcing its entry into the data centres business with a plan to have a 1 GW capacity, which would require investments of $6.5 billion (around ₹57,600 crore).

Hyundai Motor India: Hyundai Motor India shares will be in focus on Friday, November 20, as the auto major invested ₹21.46 crore further as the second tranche in FPEL TN Wind Farm Private Limited.

Reliance is India's largest buyer of Russian oil, which it processes into fuel, such as petrol and diesel, at its giant oil refining complex in Jamnagar.

The complex is made up of two refineries – one SEZ unit from which fuels are exported to the European Union, the US, and other markets, and an older unit that caters to the domestic market.

The European Union – a big market for Reliance – has imposed wide-ranging sanctions targeting Russia's energy revenues, including measures that restrict the import and sale of fuels produced from Russian crude oil.

On Monday, the company already said that a meeting of the Board of Directors of the company is scheduled to be held on Friday, November 21, 2025, inter alia, to consider and approve the unaudited standalone and consolidated financial results of the company for the quarter and half year ended September 30, 2025.

The development on this land will comprise primarily plotted residential units and will offer an estimated saleable area of nearly 1.7 million square feet.

Although PVR INOX's 60% of screen additions are coming from its existing top markets, it is also looking at smaller markets, with affordable ticket pricing of ₹150-200.

Besides, it is focusing on Southern states, which the company considers a key market for growth, Bijli added.

The group's auto sector had clocked a consolidated revenue of ₹90,825 crore in FY25, growing 3.2 times from FY20, it said in its investor presentation.

Spelling out its ambition "to be the world’s fastest growing SUV brand", the group said its "authentic 'adventure-ready' products" will not only tap the 70% of the Indian passenger vehicle market but will also "go global", targeting right-hand drive markets in the UK, Australia, New Zealand and South Africa, besides the left-hand drive market in Europe.

IRB Infrastructure Developers, in a statement, said the project is a 27.5 km (220 lane km) stretch and has a cost of ₹1,702 crore.

The company board has approved the preliminary non-binding proposal for the transfer of the said project to the IRB InvIT Fund, which is a publicly offered and listed Infrastructure Investment Trust sponsored by the company, it added.

Virendra D Mhaiskar, Chairman and Managing Director of the Company, said, "This step aligns with our bid-execute-stabilise-transfer strategy to unlock capital and drive growth."

"Jaipur's infrastructural growth and its emergence as a commercial centre have made it a hub for business travel, and Gateway Mahapura, Jaipur, will cater to this rising demand. We are delighted to partner with Shri Modi Group for this project," IHCL Executive Vice President of Real Estate and Development Suma Venkatesh said in a statement.

With the addition of this hotel, IHCL will have 16 hotels in Jaipur, including 5 under development.