Stocks to watch tomorrow 11 November Wednesday: Why Data Patterns, MRF, Cochin Shipyard, IRB Infra, others are in focus
Several stocks are likely to remain in focus on Wednesday, 11 November, following key corporate developments, fresh order wins, business updates and quarterly earnings announcements.
Defence electronics company Data Patterns received a bullish call from global investment banking firm Jefferies, which reiterated its ‘Buy’ recommendation and set a target price of ₹5,545. Meanwhile, MRF reported a decline in September-quarter profit despite healthy revenue growth, while Cochin Shipyard's profitability came under pressure. Order wins and business updates from GPT Infraprojects, Ashoka Buildcon, IRB Infrastructure and HLE Glascoat also warrant investors' attention.
The Indian stock market is closed today, Tuesday, 10 November, on account of the Diwali-Balipratipada holiday. The trading break follows a positive session on Monday, when benchmark indices extended their recovery, with the Sensex and Nifty closing higher after a volatile session. The gains further strengthened the post-Diwali rally, which had briefly lost momentum during the Muhurat Trading session.
On Monday, 9 November, the Nifty 50 rose 0.23% to settle at 25,044.65, while the Sensex advanced 0.13% to close at 81,106.65. Both benchmark indices ended at their highest closing levels since 27 February 2026.
Data Patterns (India) Ltd remains a compelling investment opportunity in the defence electronics sector despite a challenging second quarter, global investment banking firm Jefferies said in a note on Tuesday, 10 November.
The brokerage maintained its ‘Buy’ rating on the stock, with a target price of ₹5,545, implying 47% upside from current levels.
GPT Infraprojects Ltd said its wholly owned subsidiary, Alcon Builders and Engineers Private Limited, has been declared the L1 (lowest) bidder for a project worth ₹103.58 crore.
The order has been awarded by the Construction and Services Department of the North Eastern Railway, according to the company's exchange filing.
IRB Infrastructure reported strong business momentum in October 2026, with toll revenue increasing by approximately 26% year-on-year to ₹836 crore, up from ₹664 crore in October 2025.
The growth highlights continued traction across the group's highway infrastructure and toll road portfolio.
Tyre manufacturer MRF Ltd reported a 22.8% year-on-year decline in consolidated net profit to ₹417.19 crore for the July-September quarter, compared with ₹540.13 crore in the corresponding period last year.
However, revenue from operations increased 17.4% to ₹8,660.19 crore from ₹7,378.72 crore a year earlier.
The company's profitability was impacted by higher costs, with total expenses rising 21.8% year-on-year to ₹8,269.77 crore from ₹6,788.55 crore.
Ashoka Buildcon shares are likely to remain in focus on Wednesday after the company received a Letter of Acceptance (LoA) from the National Highways Authority of India (NHAI) for a ₹865.90-crore project for the Vadodara-Mumbai Expressway in Gujarat.
In an exchange filing dated Monday, 9 November, the company said it had submitted its bid for the project on 5 November 2026, and subsequently received the LoA from NHAI. The accepted engineering, procurement, and construction (EPC) contract value is ₹865.90 crore, excluding GST.
HLE Glascoat Ltd said its subsidiary, Kinam Engineering Industries Private Limited, has secured an order from a leading international company operating in the energy storage sector.
The contract involves the design, engineering, manufacturing, testing and supply of specialised shell-and-tube heat exchangers and associated process equipment for a large-scale energy storage project in North America.
The order is valued at approximately $42–48 million and is expected to be executed progressively through November 2028.
Cochin Shipyard Ltd reported an 11.7% year-on-year increase in revenue to ₹1,249.2 crore for Q2 FY27, compared with ₹1,118.6 crore in the corresponding quarter last year.
However, net profit declined 49.8% to ₹54 crore from ₹108 crore a year earlier. EBITDA fell 30.7% to ₹51 crore from ₹73.6 crore, while EBITDA margin contracted to 4.1% from 6.6%.
Separately, the company declared an interim dividend of ₹3 per fully paid-up equity share of ₹5 face value, representing a 60% payout for FY27. It has fixed Monday, 16 November 2026, as the record date for determining shareholders eligible for the dividend.
Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.
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