Stock Watch: Tata Motors, Maruti Suzuki, Siemens, Kotak Bank, KPI Green Energy, and more in focus on November 17

Major stock movements are anticipated today, November 17, driven by diverse corporate news across key Indian companies.

Tata Motors Passenger Vehicle Business (Tata Motors): Jaguar Land Rover (JLR), a significant part of Tata Motors, has revised its full-year estimates downwards. The automaker now expects Earnings Before Interest and Taxes (EBIT) margins between 0-2%, a sharp decrease from the previous 5-7% forecast. JLR also anticipates a free cash outflow of £2.2 to £2.5 billion. Quarterly performance remained weak, with a loss of £485 million and a 24% revenue drop to £24.9 billion.

Maruti Suzuki: The company has announced a recall for 39,506 units of its Grand Vitara model manufactured between December 2024 and April 2025. The recall is due to a potential issue with speedometer calibration that could lead to incorrect fuel level displays. Affected customers will be contacted for complimentary inspection and part replacement.

Siemens: The company presented mixed quarterly results. Revenue grew by 16% year-on-year to Rs 5,171 crore, and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased by 13% to Rs 618 crore. However, net profit saw a significant decline of 41.5% year-on-year to Rs 485 crore. On a positive note, new orders rose by 10% to Rs 4,800 crore, bolstering the company’s order backlog to Rs 42,253 crore.

Inox Wind: The company reported a strong quarterly performance, with revenue soaring by 56% to Rs 1,162 crore and EBITDA by 48% to Rs 271 crore. Profit after tax increased by 43% to Rs 121 crore, driven by improved project execution. The order book has expanded to over 3.2 gigawatts (GW).

Oil India: Profitability saw a significant improvement, with net profit rising 28% quarter-on-quarter to Rs 1,044 crore. Revenue climbed 8.9% to Rs 5,456 crore, supported by better operational performance. However, expenses impacted operating metrics, leading to a 17.5% fall in EBITDA and a margin slip to 24.3%. Oil India also declared an interim dividend of Rs 3.50 per share, with November 21 set as the record date.

Kotak Mahindra Bank: The bank's board will meet on November 21 to consider a proposal for a stock split. The bank’s shares currently have a face value of Rs 5.

KPI Green Energy: The company has secured a significant Rs 696 crore contract from SJVN Limited for a 200 MW solar project in Khavda, Gujarat. The scope includes supply, construction, commissioning, and a three-year operations and maintenance (O&M) period.

Lupin: Lupin’s Unit-1 in Nagpur underwent a US Food and Drug Administration (USFDA) inspection for pre-approval checks related to its oral solid dosage plant. The inspection concluded without any observations, indicating full compliance and supporting the company's filing pipeline.

Indian Hotels Company (IHCL): IHCL is expanding its wellness offerings by acquiring a 51% stake in Sparsh Infratech, the owner of Atmantan Wellness Resort in Mulshi. This planned investment of Rs 240 crore values the company at approximately Rs 415 crore.

Impact

This news is highly relevant for the Indian stock market, affecting investor sentiment and stock prices across the automotive, industrial, energy, banking, healthcare, and hospitality sectors. The varied corporate actions, from earnings and dividends to recalls and strategic acquisitions, provide numerous trading opportunities and insights into sector-specific health. The aggregate impact on market indices will depend on the collective reaction to these individual company developments.

Rating: 7/10

Difficult Terms:

• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): A measure of a company's operating performance, calculated before accounting for interest expenses, taxes, depreciation, and amortization costs.
• EBIT Margins (Earnings Before Interest and Taxes Margins): A profitability ratio that measures a company's profit after deducting all operating expenses, including depreciation and amortization, but before deducting interest and taxes.
• Free Cash Outflow: The amount of cash a company spends minus the cash it generates over a period. A negative cash flow indicates that the company is spending more cash than it is generating.
• USFDA (United States Food and Drug Administration): A federal agency responsible for protecting public health by ensuring the safety, efficacy, and security of human and veterinary drugs, biological products, medical devices, food, and cosmetics.
• Pre-approval checks: Inspections or assessments conducted by a regulatory body before a specific product, facility, or process receives official approval.
• Oral solid dosage plant: A manufacturing facility that produces pharmaceutical drugs in solid forms, such as tablets, capsules, or powders.
• Order backlog: The total value of confirmed orders received by a company that have not yet been fulfilled or delivered.
• Interim dividend: A dividend payment made by a company to its shareholders that is declared and paid outside of the regular annual dividend distribution schedule.
• Record date: A specific date set by a company to determine which shareholders are eligible to receive a dividend or participate in other corporate actions like stock splits.
• Stock split: A corporate action where a company divides its existing shares into multiple new shares, typically to reduce the per-share price and increase liquidity.
• Commissioning: The process of testing and ensuring that a new plant, equipment, or system is ready for operational use.
• Operations & Maintenance (O&M): Ongoing activities required to keep an asset, facility, or system functioning correctly and efficiently over its lifespan.