Stocks to Watch: Maruti Suzuki, Oil India, Tata Motors PV, Lupin and more

Tata Motors PV | JLR, part of Tata Motors’ passenger vehicles business, has cut its full-year EBIT margin outlook to 0–2% (from 5–7%) and now expects free cash outflow of £2.2–£2.5 billion. It posted a quarterly loss of £485 million, with revenue down 24% to £24.9 billion and negative margins. Adjusted for one-time gains, Tata Motors’ passenger vehicles unit would have reported a ₹6,370 crore loss for the quarter.

ideaForge | The company has secured defence contracts worth over ₹100 crore, including major orders for its newly-launched ZOLT tactical UAV and the Hybrid SWITCH V2.

Anant Raj Ltd | The company will invest ₹4,500 crore to expand its data centre footprint in Andhra Pradesh. Its subsidiary ARCPL has signed an MoU with the Andhra Pradesh Economic Development Board to set up new data centres and an integrated IT Park.

Lupin | The company said the USFDA has completed its inspection of the company’s Nagpur Unit-1 facility with no observations, indicating full compliance. The inspection was a pre-approval check for its oral solid dosage manufacturing unit.

Godwar Power & Spate | The company reported a 1.5% YoY rise in net profit to ₹161 crore, with revenue up 3.2% to ₹1,307 crore. EBITDA grew 5.2% to ₹259 crore, and margins improved to 19.8%.

Kotak Mahindra Bank The bank will meet on November 21 to consider a stock split. Its shares currently have a face value of ₹5, and the record date will be announced later.

Karnataka Bank | The bank has named Raghavendra S. Bhat as its new MD & CEO for a one-year term starting November 16, 2025. He was earlier appointed for an interim three-month period in July 2025.

Inox Wind | The company posted its strongest Q2, with revenue up 56% to ₹1,162 crore and EBITDA up 48% to ₹271 crore. PAT rose 43% to ₹121 crore, and cash PAT jumped 66% to ₹220 crore. Execution improved to 202 MW, and the order book exceeds 3.2 GW.

Sun TV Network | The company’s Q2 revenue rose 39% YoY to ₹1,300 crore, and EBITDA grew 45% to ₹784 crore with a 60.3% margin. However, net profit fell 13% to ₹354 crore as advertising revenue softened, despite a 9% rise in domestic subscription income.

Siemens Ltd | The company reported a 41.5% YoY drop in net profit to ₹485 crore, while revenue rose 16% to ₹5,171 crore. EBITDA grew 13% to ₹618 crore with a 12% margin. New orders increased 10% to ₹4,800 crore, and order backlog reached ₹42,253 crore.

Indian Hotels Company | IHCL will acquire about 51% stake in Sparsh Infratech, owner of the Atmantan wellness resort in Mulshi, Maharashtra, for an estimated investment of ₹240 crore. The deal values the company at around ₹415 crore.

KPI Green Energy | The company signs ₹696 crore EPC and O&M contract with SJVN for a 200 MW solar project at Khavda, Gujarat, expanding its renewable energy portfolio. The company will handle supply, construction, commissioning, and three years of O&M.

TruAlt Bioenergy | The company has signed a non-binding MoU with the Andhra Pradesh Economic Development Board to set up a sustainable aviation fuel plant in the state, with an estimated investment of about ₹2,250 crore. The plant will produce SAF from renewable feedstocks like agri waste, used cooking oil, and municipal solid waste.

IRB Infra | The company’s arm, IRB Infrastructure Trust, has received a Letter of Award from NHAI for the TOT-17 bundle, covering 366 km across key highway stretches in Uttar Pradesh. The Trust will pay ₹9,270 crore upfront and manage tolling and O&M for 20 years.

Alembic Pharmaceuticals | The company has received final USFDA approval for its ANDA to manufacture Diltiazem Hydrochloride tablets in 30 mg, 60 mg, 90 mg, and 120 mg strengths. The drug is used to treat high blood pressure and angina.