Stocks to Watch Today, Nov 17: Tata Motors PV, Maruti, Lupin, Glenmark, Godrej Properties, Kotak Bank, Amber Enterprises in Focus

The Indian stock market is likely to open on a positive note on Monday, November 17, with GIFT Nifty signaling a 52-point green start for the Nifty 50. A bunch of heavyweight stocks across auto, banking, real estate, pharma, and energy may be on traders’ radar today.

Here are the top stocks to watch, based on key developments and market triggers.

Auto & Mobility

Tata Motors PV: Sierra SUV Unveiled

Tata Motors Passenger Vehicles has showcased the new Tata Sierra SUV in a completely refreshed design, blending its iconic heritage with a modern, adventure-first identity. The official market launch is set for November 25, 2025.

The model will compete in the highly competitive mid-size SUV segment against:

• Hyundai Creta
• Maruti Grand Vitara
• Honda Elevate

In its Q2 earnings call, the company noted:

• FY26 JLR EBIT margin is expected at 0–2%
• Negative free cash flow of £2.2–2.5 billion
• Q3 to be impacted by production losses, with recovery seen in Q4

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Maruti Suzuki: 39,506 Grand Vitara Units Recalled

Maruti Suzuki has announced a recall of 39,506 Grand Vitara SUVs manufactured between Dec 9, 2024, and April 29, 2025, due to a possible fault in the fuel-level indicator system. The warning light may not reflect correct fuel status.

Ola Electric: Test Rides Begin for 4680 Bharat Cell Vehicles

Ola Electric has started test rides for S1 Pro+ (5.2 kWh) powered by its indigenously developed 4680 Bharat Cell battery. The new power unit promises:

• Higher range
• Better performance
• Enhanced safety

Banks & Financials

Kotak Mahindra Bank: Board to Consider Stock Split

Kotak Bank’s Board meets on November 21 to consider a stock split of equity shares having face value ₹5 each. A potential split may improve liquidity and attract more retail participation.

HUDCO: In Talks for $1 Billion Funding

HUDCO is negotiating with multilateral institutions, including:

• KfW (Germany) – $200 million
• ADB – $500 million
• AIIB – $200–300 million

Funds will support large-scale infrastructure financing nationwide.

Real Estate & Infrastructure

Godrej Properties to Launch ₹22,000 Crore Projects

Godrej Properties plans to bring ₹22,000 crore worth of housing launches in H2 FY26, capitalising on robust demand. The company expects:

• ₹40,000 crore launches in FY26
• ₹32,500 crore sales guidance for the fiscal year

Anant Raj to Invest ₹4,500 Crore in Data Centres

Anant Raj Ltd will invest ₹4,500 crore in Andhra Pradesh to build large-scale data centre facilities, strengthening India’s fast-growing digital infrastructure stack.

IRB Infrastructure Trust Bags ₹9,270 Crore NHAI TOT Project

IRB Infrastructure Trust secured a 20-year toll-operate-transfer (TOT) concession covering 366 km on:

• Lucknow–Ayodhya–Gorakhpur (NH-27)
• Lucknow–Varanasi (NH-731)

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Pharma & Healthcare

Lupin: Zero Observations After U.S. FDA Inspection

Lupin announced successful completion of a product-specific USFDA pre-approval inspection at its Nagpur Unit-1 facility, with zero Form-483 observations.

Glenmark Pharma Profit Surges 72% YoY

Glenmark reported:

• PAT: ₹610.43 crore (↑72.2% YoY)
• Boosted by licensing deal with AbbVie for investigational asset ISB 2001
• Revenue jumped to ₹6,046.87 crore from ₹3,433.8 crore YoY

Max Healthcare Net Profit Jumps 58.7%

Max Healthcare reported a PAT of ₹554 crore, driven by tax benefits from internal merger adjustments.

Manufacturing & Electronics

Amber Enterprises Acquires Majority in Shogini Technoarts

Amber Group will buy Pune-based PCB maker Shogini Technoarts to strengthen backward integration for HVAC and consumer electronics manufacturing.

Energy & Industrials

MGL, IGL in Focus as CNG Supply Disrupted in Mumbai

A damaged pipeline disrupted Mumbai’s CNG supply, impacting:

• Autos, taxis, local transport
• Ola & Uber fleets

IGL raised CNG prices by ~₹1 across select cities starting 6 AM, Nov 16.

Exide Industries Q2 Profit Falls 26%

• Q2 net profit: ₹173.64 crore (vs ₹233.40 crore YoY)
• Revenue slightly down to ₹4,364.51 crore

Defence & Tech

ideaForge Secures ₹100 Crore Indian Army Drone Order

Order includes:

• Zolt tactical UAV (~₹75 crore)
• SWITCH 2 VTOL drones (~₹30 crore)

FMCG & Other Key Movers

Market Outlook

With positive global cues and strong domestic triggers, analysts expect the market to see stock-specific action, especially in:

• Auto (Tata Motors, Maruti, Ola Electric)
• Pharma (Lupin, Glenmark)
• Real Estate (Godrej Properties, Anant Raj)
• Infra (IRB Infra, HUDCO)