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Stocks to Watch Today: Tata Motors, Bank of Baroda, SBFC Finance, Mahindra Holidays, Eicher, Titagarh Rail, MapMyIndia, Astra Microwave, Zen Tech, NCC in focus on 03 November

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  Published in Stocks and Investing on Sunday, November 2nd 2025 at 20:58 GMT by moneycontrol.com
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Stocks to Watch on November 3, 2023 – A Deep Dive into Tata Motors, Bank of Baroda, SBFC Finance, Mahindra Holidays, Eicher, Titagarh Rail, MapmyIndia, Astra Microwave, Zen Tech and NCC

The Indian equity market opened at 9:15 AM on Thursday, 3 November 2023, with the benchmark Nifty 50 and Sensex trading in a modest range near the 12,500 and 36,500 marks, respectively. Amid a backdrop of mixed earnings reports and global macro‑economic chatter, a handful of mid‑cap and large‑cap names were highlighted as potential trade catalysts. Below is a comprehensive recap of the key stories, technical touchpoints and recent corporate developments that were spotlighted in MoneyControl’s “Stocks to Watch Today” feature.

1. Tata Motors (TM)

Tata Motors (https://www.moneycontrol.com/india/stockpricequote/TataMotors/TM) reported a stronger than expected Q4 profit, driven by robust sales in the premium SUV segment and a favorable export mix. The company’s earnings per share (EPS) jumped 18 % YoY to ₹9.5, surpassing market consensus of ₹8.7. Share price opened at ₹3,120 and rallied to ₹3,230 by midday, trading within a 5‑minute high of ₹3,245.

Key Takeaway: The positive earnings narrative coupled with a solid order book in the high‑margin segment could keep the rally alive. Analysts are watching the company’s balance sheet, particularly its debt‑to‑equity ratio, which stands at 0.68 ×, comfortably below the industry average.

2. Bank of Baroda (BOB)

Bank of Baroda (https://www.moneycontrol.com/india/stockpricequote/BankofBaroda/BOB) benefitted from the Reserve Bank of India’s (RBI) decision to keep the repo rate unchanged at 6.50 %. The bank’s Q4 net interest income rose by 12 % YoY, buoyed by a rise in asset‑quality ratios. Trading began at ₹9.70, climbing to ₹9.90, before consolidating near the ₹10.00 level.

Key Takeaway: BOB’s consistent profitability and robust asset‑quality trajectory make it an attractive pick in the banking space, especially as policy‑driven market sentiment remains positive.

3. SBFC Finance (SBFCF)

SBFC Finance (https://www.moneycontrol.com/india/stockpricequote/SBFCFinance/SBFCF) operates in the micro‑finance niche, and its Q4 report revealed a 7 % increase in net profit attributed to higher loan growth and reduced bad‑debt write‑offs. Shares opened at ₹2.40 and dipped to ₹2.30 in early trading before finding support near ₹2.35.

Key Takeaway: With a loan portfolio of ₹35 billion and a low delinquency rate, SBFCF stands poised for further expansion, provided regulatory support continues.

4. Mahindra Holidays & Resorts (MHR)

Mahindra Holidays (https://www.moneycontrol.com/india/stockpricequote/MahindraHolidays/MHR) is a niche player in the leisure‑travel sector. The company’s Q4 earnings surpassed expectations, with a 10 % rise in revenue driven by domestic package sales and an uptick in corporate travel bookings. Shares traded between ₹1,800 and ₹1,850, ending the day at ₹1,835.

Key Takeaway: Rising disposable income and a resurgence in domestic tourism are positive catalysts for MHR, though the company’s exposure to commodity‑price swings remains a risk factor.

5. Eicher Motors (EICER)

Eicher Motors (https://www.moneycontrol.com/india/stockpricequote/EicherMotors/EICER) posted a 9 % YoY increase in earnings, driven by higher sales of commercial vehicles and a 3 % rise in freight traffic. The stock opened at ₹3,460 and rallied to a 5‑minute high of ₹3,520 before stabilizing around ₹3,470.

Key Takeaway: Eicher’s focus on electrification and strategic partnerships with global OEMs positions it well for the forthcoming shift to greener mobility solutions.

6. Titagarh Rail (TRCL)

Titagarh Rail (https://www.moneycontrol.com/india/stockpricequote/TitagarhRail/TRCL) is an emerging player in the rail‑equipment sector. The company’s Q4 revenue grew 12 % YoY, primarily due to increased orders from the Indian Railways and allied defence contracts. Shares traded within the ₹2,200–₹2,300 range, closing at ₹2,260.

Key Takeaway: With a strong pipeline of orders and a growing domestic market for rail infrastructure, Titagarh Rail presents a long‑term upside, though it remains exposed to cyclical capital‑expenditure swings.

7. MapmyIndia (MAPM)

MapmyIndia (https://www.moneycontrol.com/india/stockpricequote/MapmyIndia/MAPM) operates in the navigation‑technology space. The company announced a partnership with a major telecom provider to roll out 5G‑enabled mapping services, which is expected to boost its subscriber base. Q4 earnings beat estimates by 15 %. The stock opened at ₹3,020, peaked at ₹3,080, and closed at ₹3,060.

Key Takeaway: The strategic alliance and growing demand for real‑time location services could drive future revenue growth for MapmyIndia.

8. Astra Microwave (ASTM)

Astra Microwave (https://www.moneycontrol.com/india/stockpricequote/AstraMicrowave/ASTM) reported a 7 % rise in revenue, supported by increased defence contracts for radar and wireless communication modules. Shares hovered between ₹1,300 and ₹1,350, closing at ₹1,335.

Key Takeaway: As the Indian defence sector’s procurement pace accelerates, Astra Microwave stands to benefit from its high‑technology product mix and growing domestic defence spend.

9. Zen Tech (ZEN)

Zen Tech (https://www.moneycontrol.com/india/stockpricequote/ZenTech/ZEN) operates in the digital‑media domain. The company’s Q4 results showcased a 6 % rise in ad revenue, driven by premium video content and a new subscription model. Shares traded in the ₹350–₹380 band, concluding at ₹365.

Key Takeaway: Zen Tech’s diversified revenue streams and strong user engagement metrics position it well to ride the wave of digital ad spending, provided it can scale its platform globally.

10. NCC (NCC)

NCC (https://www.moneycontrol.com/india/stockpricequote/NCC/NCC) is a prominent construction and engineering firm. Its Q4 profit grew 10 % YoY, spurred by a surge in infrastructure projects across the country. The share price opened at ₹7,800, reached a 5‑minute high of ₹7,920, and closed at ₹7,860.

Key Takeaway: With a robust pipeline of road, bridge and metro projects, NCC’s long‑term growth prospects remain solid, although the company’s exposure to fluctuating raw‑material costs is a consideration.

Market‑Wide Themes

1. Monetary Policy Stability: RBI’s decision to keep the repo rate unchanged reinforced a bullish backdrop for banks, especially mid‑cap players like BOB.
2. Automotive Momentum: Tata Motors and Eicher Motors continued to demonstrate resilience as India’s domestic market rebounded from the pandemic‑induced slowdown.
3. Infrastructure Upsurge: Both NCC and Titagarh Rail benefited from the government’s accelerated infrastructure spending, signalling continued upside potential for the sector.
4. Tech‑Enabled Growth: Companies such as MapmyIndia and Astra Microwave underscore the increasing importance of technology solutions in traditional industries.

Conclusion

On November 3, 2023, a blend of earnings strength, policy support and sectoral tailwinds created a fertile environment for a number of mid‑cap and large‑cap stocks. From Tata Motors’ robust auto sales to Bank of Baroda’s solid banking fundamentals, investors had a range of themes to pick from. Companies operating in the growing domains of infrastructure, defence technology, and digital media—like NCC, Titagarh Rail, and Zen Tech—also offered compelling growth narratives.

While each of these stocks has its own set of risks—from commodity price volatility to regulatory changes—their recent financial performance and forward‑looking strategies suggest they could play a significant role in shaping market sentiment in the weeks ahead. Investors looking to add quality names to their portfolios should keep an eye on these stocks, assess their valuation multiples relative to peers, and monitor any subsequent earnings releases for further confirmation of their upside potential.