Stocks in focus on Dec 31 as Bharat Forge wins defence order, IndiGo faces GST demand, Titan, Lupin, RITES, RBL Bank announce updates.

Stocks to Watch Today – December 31, 2025

Last trading session of 2025 brings key stocks into focus

On the final trading day of 2025, Indian equities may witness stock-specific action as several companies announced important corporate updates. Developments range from defence contracts and overseas orders to regulatory notices, leadership changes, acquisitions, and stake monetisation.

Bharat Forge

Bharat Forge has secured a defence contract worth ₹1,662 crore from the Ministry of Defence for supplying close-quarter battle carbines and accessories to the Indian Army and Navy, strengthening its defence manufacturing order book.

InterGlobe Aviation (IndiGo)

InterGlobe Aviation disclosed receiving a GST demand of ₹458.26 crore related to FY19–FY23. The company stated it disagrees with the order and intends to challenge it through appropriate legal channels.

Titan Company

Titan announced the appointment of Sandhya Venugopal Sharma, IAS, as Chairperson and Additional Director on its board, representing co-promoter TIDCO. The appointment will be effective from January 4, 2026.

Power Grid Corporation

Power Grid Corporation of India has received a Letter of Award for setting up a large-scale battery energy storage system in Andhra Pradesh under a tariff-based competitive bidding framework.

Lupin

Pharma major Lupin said its acquisition of Netherlands-based VISUfarma BV is progressing and is expected to close by February 28, 2026, subject to customary approvals. The deal is being executed through its subsidiary, Nanomi BV.

RBL Bank

RBL Bank informed exchanges that Executive Director Rajeev Ahuja will retire on February 20, 2026, upon completion of his current term, in line with regulatory requirements.

RITES

RITES has received an overseas order from Berhard Development Corpinvestmentoration, Zimbabwe, for the supply of in-service Cape gauge diesel-electric locomotives. The contract is valued at USD 3.6 million.

IFCI

IFCI announced the completion of monetisation of its 10% stake in NEDFi, generating proceeds of ₹121.77 crore, supporting its capital and liquidity position.

Shankara Building Products

Dhunseri Ventures sold 1.22 lakh shares (0.5% stake) in Shankara Building Products at an average price of ₹101.71 per share, with the transaction valued at approximately ₹1.2 crore.

(Disclaimer: The content above is provided solely for informational purposes and should not be treated as investment advice. SmartInvestment advises readers to consult a qualified financial advisor before making any investment or money-related decisions.)

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