Friday, August 21, 2026

Stocks to Watch: IndiGo, Bharat Forge, Taj GVK, RITES and more

Date:

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InterGlobe Aviation Ltd | The company on December 30 said it has received a ₹458.26 crore GST demand from the Additional Commissioner of CGST, Delhi South, for FY19–FY23. The airline termed the order erroneous and said it will challenge the demand through appellate remedies.

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Lupin Ltd | Drugmaker on December 30 said its acquisition of Amsterdam-based VISUfarma BV is underway and may be completed by February 28, 2026, subject to closing conditions. The deal is being executed through Lupin’s wholly-owned subsidiary, Nanomi BV.

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Privi Speciality Chemicals | A shareholder of Privi Speciality Chemicals Ltd is likely to sell up to 6.32% stake through a block deal worth about ₹700 crore, with the floor price set at ₹2,835–2,850 per share, sources told CNBC-TV18.

RBL Bank share price

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RBL Bank | The bank on December 30 announced that Executive Director Rajeev Ahuja will retire upon completion of his term on February 20, 2026, the board said in a filing under SEBI Listing Regulations.

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Taj GVK Hotels & Resorts Ltd | The company said promoter Shalini Bhupal has acquired 1.60 crore equity shares, or 25.52% stake, from IHCL at ₹370 per share, for a total consideration of ₹592 crore, via inter-se transfer.

Titan company logo (Wikipedia)

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Titan | The company appoints Sandhya Venugopal Sharma as chairperson from January 4 Titan Company on December 30 said Sandhya Venugopal Sharma, IAS, has been appointed chairperson and additional director on its board, representing co-promoter TIDCO, with effect from January 4, 2026. She will succeed Arun Roy, IAS, who will continue as a director.

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RITES Ltd | The company said it has received a $3.6 million order from Berhard Development Corporation Pvt Ltd, Zimbabwe, for the supply of in-service cape gauge diesel electric locomotives, to be executed over three months.

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Bharat Forge | The company said it has signed a ₹1,662 crore contract with the Ministry of Defence for the supply of CQB carbines and accessories to the Indian Army and the Indian Navy.

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Muthoot Finance Ltd | The company said it has completed the allotment of 3.25 lakh equity shares in its subsidiary Muthoot Money Ltd, with the funds to be used for business funding, general corporate purposes and loan repayment, strengthening the subsidiary’s capital base.

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Power Grid Corporation of India Ltd | The company said it has received a letter of award for setting up a large-scale battery energy storage system in Andhra Pradesh, after emerging as the successful bidder under the tariff-based competitive bidding framework.

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