Stocks To Watch: IndiGo, Indian Hotels, Titan, Hyundai, Ola Electric, RITES, And Others

Stocks to watch on December 31, 2025: Markets ended the final expiry session of the calendar year on a subdued note, finishing almost flat. With global cues remaining mixed and trading volumes thin, market participants are expected to remain cautious and await fresh triggers for direction.

Indian Hotels Company
Indian Hotels Company announced that it has sold its entire stake in Taj GVK Hotels & Resorts, formally ending its ownership association. In a regulatory filing, the company said it sold 1.6 crore shares, representing a 25.52% stake, to Shalini Bhupal at Rs 370 per share.

Bharat Forge Bharat Forge said the Ministry of Defence has awarded it a Rs 1,661.9 crore contract to supply 255,128 Close Quarter Battle (CQB) Carbines to the Indian Army.

The order will be executed over five years. The 5.56 x 45 mm CQB Carbine is an indigenously designed, developed and manufactured firearm jointly developed by ARDE, DRDO and Bharat Forge.

IndiGo
InterGlobe Aviation, the parent of IndiGo, received a GST demand notice along with a penalty amounting to Rs 458.26 crore. The notice pertains to GST levied on compensation received from a foreign supplier and the denial of input tax credit.

Titan Company
Titan announced the appointment of Sandhya Venugopal Sharma as chairperson and additional director, effective January 4. She will replace Arun Roy as chairperson, while he will continue as a director on the board. Sharma has been appointed as a nominee of Tamil Nadu Industrial Development Corporation Limited (TIDCO), a co-promoter of the company.

Hyundai Motor India
Hyundai Motor India entered the commercial mobility segment with the launch of its dedicated taxi offerings under the ‘Prime’ brand. Bookings are now open for the Prime range, which includes hatchback and sedan models, with a booking amount of around Rs 5,000. The company said the range is aimed at fleet operators and taxi entrepreneurs, focusing on reliability, low operating costs and higher earning potential.

Ola Electric Mobility
Ola Electric said it has received government certification for its Roadster X+ (9.1 kWh), powered by the company’s in-house developed 4680 Bharat Cell battery pack. The certification was granted under the Central Motor Vehicle Rules, 1989, by the International Centre for Automotive Technology (ICAT), Manesar.

BL Kashyap and Sons
BL Kashyap and Sons secured a contract worth Rs 364.07 crore from ESPN Property Builders and Developers for civil and structural works at the commercial project “Embassy Splendid Tech Zone–Block” in Pallavaram, Chennai.

Max Healthcare Institute
Max Healthcare said it received an order from the Office of the GST Officer, GNCT of Delhi, citing alleged excess availment of input tax credit. The order includes a GST demand of Rs 33.66 crore, interest of Rs 18.18 crore and a penalty of Rs 3.37 crore, taking the total financial impact to about Rs 55.20 crore.

Dynacons Systems & Solutions
Dynacons Systems & Solutions has secured a software project from the Reserve Bank of India for its Enterprise Applications Platform. The contract has a total cost of ownership of Rs 249.15 crore, spans five years and follows a consumption-based model covering implementation, maintenance and learning services.

Devyani International
Devyani International said its subsidiary, Sky Gate Hospitality, has executed a share purchase agreement with Heritage Foods for the sale of its entire 51% stake in Peanutbutter and Jelly Private Ltd. The agreement was entered into on December 30, 2025, and the transaction is expected to be completed by January 31, 2026.

Privi Speciality Chemicals
Privi Speciality Chemicals may sell up to a 6.32% stake via a block deal, according to a CNBC-TV18 report citing sources. The total offer size is estimated at Rs 700 crore, with a floor price set in the range of Rs 2,835–2,850 per share, implying a discount of 11.14% to the current market price.

SRF
SRF said it received an order from the Joint Commissioner, CGST Commissionerate, Dehradun, seeking reversal of input tax credit of Rs 15.76 crore along with applicable interest, related to a slump sale transaction and supplier compliance issues. A penalty equal to the tax amount has also been imposed. The order was received on December 29.

RITES
RITES informed that it has received a letter of award from Berhard Development Corporation (Private) Ltd, Zimbabwe, for the supply of in-service Cape gauge diesel-electric locomotives. The contract is valued at $3.6 million and is to be executed within three months. The company clarified that the order has been awarded by an international entity and is not related to any promoter or group company.

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