Stocks To Watch On 21 November: Tata Power, SBI, Tech Mahindra, Others In News

In a volatile session, the BSE Sensex fell 139.58 points or 0.21 per cent to settle at 65,655.15 on Monday. The NSE Nifty dropped by 37.80 points or 0.19 per cent to 19,694.
Top 5 Stocks To Watch On November 21
Top 5 Stocks To Watch On November 21

Indian equity benchmark indices continued to fall for the second straight session on Monday due to selling in auto, utility, and commodity shares amid high valuation concerns and fresh fund outflows.

In a volatile session, the BSE Sensex fell 139.58 points or 0.21 per cent to settle at 65,655.15 on Monday. The NSE Nifty dropped by 37.80 points or 0.19 per cent to 19,694.

“Global markets were trading mixed after the rally witnessed last week. Domestic index Nifty saw a lackluster session on account of profit booking in index heavyweights and closed with marginal loss of 38 points at 19694 levels. Majority sectors ended in red. Weakness continued in Financial stocks for second consecutive day after RBI tightened norms for consumer credit,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

“Overall market is likely to consolidate in a range as focus will be on the US FOMC meeting minutes which will be released on Wednesday. Globally, participation could be lower on account of Thanks Giving Holiday on Thursday. Investors would watch for US existing home sales data that will be released on Tuesday,” he added.

Top Stocks To Watch On 21 November:

Tata Power

Tata Power Renewable Energy Ltd crossed the 1.4 gigawatt capacity of group captive projects in the last seven months, on the back of signing of power delivery agreements with various industries across segments.

TPREL CEO & MD, Deepesh Nanda, said, “Crossing the 1.4-GW mark is not just a milestone for us but a testament to our continuous dedication to sustainability and our contribution towards the country’s green energy ambition.”

State Bank of India

The government of India appointed Vinay M Tonse as the Managing Director of the State Bank of India (SBI) till 30 November 2025. Previously, Tonse was serving as the Deputy Managing Director of the bank. He was recommended by the Financial Services Institutions Bureau (FSIB) for the senior post in September.

Tech Mahindra

Tech Mahindra Americas has signed a collaboration deed with Neom Tech for providing digital services. It will launch a new subsidiary to provide product and platform development services to Neom group companies.

ABB India

ABB and Titagarh Rail Systems have signed a strategic partnership to supply propulsion systems for metro rolling stock projects in India, the company said in an exchange filing. The collaboration in line with the Indian government’s “Make In India” and “Atmanirbhar Bharat” initiatives has already had an early excess by winning orders to design and supply equipment for metro coaches for Gujarat.

HDFC Life Insurance Company

Karnataka Bank has signed a strategic partnership with HDFC Life Insurance to offer life insurance to its customers. It aims to provide innovative and customer-centric financial solutions by combining Karnataka Bank's extensive banking experience with HDFC Life's expertise in delivering quality life insurance products.

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