Mahindra Holidays gains on ₹1,000-crore expansion push; Nifty nears all-time high & more

Nov 20, 2025

NBCC (India) (+2.61%): The stock moved higher after securing a ₹2,966-crore Project Management Consultancy (PMC) project from NMRDA for the development of Naveen Nagpur.
HG Infra Engineering (-1.01%): The stock fell despite the company winning a ₹274-crore DLF contract to build access roads for DLF Downtown Phase-2 in Gurugram, weighed down by a profit decline and flat revenues in Q2FY26.
Godrej Properties (-0.31%): Stock declined even after buying 3.8 acres in Bengaluru, enhancing the township’s total revenue scope to ₹3,500 crore.
Mahindra Holidays & Resorts India (+3.34%): Shares moved higher after the company announced a ₹1,000-crore investment, marking its entry into the leisure hospitality business.

Financial Services | Nifty Financial Services (+0.79%): The index hit an all-time high on broad-based buying, led by HDFC Bank, Bajaj Finance, and Axis Bank.
India Defence | Nifty India Defence (+0.57%): The index edged higher after a recent decline in the past few days, supported by gains in 14 stocks that outweighed the pressure from just 4 decliners.
Media | Nifty Media (-1.54%): The index extended its downtrend, falling for the third straight day, weighed down by Nazara, Sun TV, and PVR Inox.
PSU Bank | Nifty PSU Bank (-0.89%): Index declined as fresh merger concerns spurred uncertainty, with all major PSU bank stocks declining in today’s session.

Technical Level: Nifty opened with a gap-up, tested support at 26,060, and rebounded sharply through the session, forming resistance near 26,250. The index now trades close to its all-time high.
Advance-Decline Ratio: Even as 1,714 decliners outpaced 1,383 advancers, the indices continued to show strength and moved higher, underscoring persistent buying support.
The Big Picture: Despite overall capex utilisation reaching 51.8% by end-September, the Finance Ministry has urged welfare ministries to accelerate spending, as their H1 utilisation lingered at 35–40%, prompting a push to improve the quality and pace of expenditure in the second half.
FII/DII Activity (Nov 19, 2025): DIIs bought ₹1,360 crore while FIIs added ₹1,581 crore, providing strong institutional support to markets.

Earnings Corner: Investor focus shifts to Bharat Global Developers and Mangalam Drugs & Organics, which will report their Q2 earnings tomorrow.
Macro: The U.S. FOMC Minutes and September unemployment rate are scheduled for release tomorrow.
Index Watch: Nifty moves above 26,000, a level it has struggled to sustain in the recent past. Can bulls defend it this time and ignite a fresh rally?

👀 Stay tuned. Stay diversified.

Until next time,

Team Pocketful.

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