Stocks to Watch Today, 11 Nov: Tata Motors, Bajaj Finance, Vodafone Idea in Focus

Stocks to Watch Today, 11 November: Key Corporate Updates, Earnings, and Market Movers

The share market today is set for stock-specific action as several major announcements and quarterly results were released over the weekend. Key developments include Tata Motors’ demerger listing, Bajaj Finance’s steady earnings, Vodafone Idea’s narrowed losses, and a potential CarTrade–CarDekho merger signalling consolidation in India’s auto-tech space.

Other stocks in focus include Britannia Industries, Bharat Electronics, Power Mech Projects, Triveni Turbine, and HUDCO, which announced quarterly results and operational updates.

Top Corporate Developments

CarTrade Tech

CarTrade Tech is in advanced talks to acquire CarDekho (Girnar Software Pvt Ltd) in a cash-and-stock deal, according to reports.

• The valuation is likely to exceed CarDekho’s previous $1.2 billion valuation from its 2021 funding round.
• The merger aims to consolidate India’s online automobile marketplace ecosystem.

Tata Motors

The company’s commercial vehicles division (TMLCV) will be listed on the NSE and BSE on November 12, marking the completion of its demerger into separate passenger and commercial vehicle entities.

• The new unit will trade under the symbol TATAMOTORSCV, reflecting the group’s restructuring strategy.

Britannia Industries

• Varun Berry resigned as Executive Vice-Chairman, Managing Director, and CEO, effective November 10.
• Rakshit Hargave has been appointed as the new Managing Director and CEO, effective December 15, 2025.
• Until then, N. Venkataraman, Executive Director & CFO, will act as interim CEO.

Bharat Electronics Ltd (BEL)

BEL received additional defence orders worth ₹792 crore, bringing cumulative new orders since October 30 to over ₹1,425 crore.

• The contracts include upgrades for communication networks, radars, drones, and combat management systems.

HUDCO (Housing and Urban Development Corporation)

HUDCO posted a 3% YoY rise in Q2 net profit to ₹709.8 crore, driven by higher disbursements and lending activity.

• Net interest income grew 31.8% YoY to ₹1,050 crore.
• The firm achieved its highest-ever half-yearly disbursement at ₹25,838 crore and loan sanctions worth ₹92,985 crore.

Major Q2 FY26 Earnings Highlights

Other Key Updates

Power Mech Projects

Reported 11.7% YoY growth in profit to ₹74.9 crore and 19.5% rise in revenue to ₹1,238 crore. Margins remained steady despite higher project costs.

Triveni Turbine

Q2 profit remained flat at ₹91.2 crore with a marginal 1% increase in revenue, reflecting stable performance in the power equipment segment.

Bajaj Consumer Care

Posted 13.4% YoY revenue growth with better cost management; operating margins improved significantly to 17.8% from 13.9% last year.

Vodafone Idea

Narrowed quarterly losses to ₹5,524 crore—its lowest loss in 19 quarters—as revenue and EBITDA improved sequentially, indicating gradual stabilization in operations.

Stocks in Focus

Alkem Laboratories

The German Health Authority conducted a GMP inspection at its Baddi facility, concluding with no critical or major observations, supporting ongoing export operations.

Dr Reddy’s Laboratories

Jayanth Sridhar, Global Head of Biologics, has resigned effective January 31, 2026.

Glenmark Pharmaceuticals

Received approval from China’s NMPA for RYALTRIS Compound Nasal Spray (GSP 301 NS) for allergic rhinitis in adults and children.

Bulk & Block Deals

Kaynes Technology India

• Seller: Goldman Sachs Bank Europe SE
• Shares Sold: 67,702 (0.1%) at ₹6,498/share for ₹44 crore.
• Buyers: Bluepearl Map I LP (₹42.4 crore) and Kadensa Master Fund (₹1.6 crore).

AAA Technologies

• Buyer: Nautilus Private Capital
• Stake Acquired: 2.88% (3.7 lakh shares) at ₹89.7/share worth ₹3.3 crore.
• Promoters, including Anjay Ratanlal Agarwal, have sold 19.92% of their holding since October 2025.

Ex-Dividend Stocks (11 November)

Stocks trading ex-dividend today include:

• Astral, Chalet Hotels, Chambal Fertilisers, Garden Reach Shipbuilders, Metropolis Healthcare, Saregama India, Nuvama Wealth Management, Siyaram Silk Mills, Steelcast, and IMFA.

Stocks Under F&O Ban

• SAIL (Steel Authority of India Ltd) is under the F&O ban list for exceeding 95% market-wide position limit.

Results Expected Today

Companies set to release quarterly results on 11 November include:
Bajaj Finserv, Tata Power, Biocon, Bosch, Bharat Forge, Container Corporation of India, Rail Vikas Nigam, Thermax, Torrent Power, Balrampur Chini Mills, Finolex Cables, and Emcure Pharmaceuticals.

Market Overview

The share market today is expected to stay stock-driven amid corporate earnings, strategic mergers, and leadership transitions.
Key themes include:

• Financial strength reflected in Bajaj Finance’s Q2 numbers.
• Telecom recovery as Vodafone Idea narrows losses.
• Auto sector focus with Tata Motors’ demerger listing and potential CarTrade–CarDekho merger.
• Manufacturing resilience seen in BEL and Power Mech’s performance.

Summary

The stocks to watch today include Tata Motors, Bajaj Finance, Vodafone Idea, Britannia, BEL, HUDCO, Power Mech Projects, and CarTrade Tech. Investors will also track results from Tata Power, Biocon, and Bajaj Finserv, alongside corporate developments and dividend actions shaping market momentum.