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  5. Stocks to watch, December 31: NBCC, Tata Steel, JSW Steel, IndiGo, IFCI, Orient Technologies

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Stocks to watch, December 31: NBCC, Tata Steel, JSW Steel, IndiGo, IFCI, Orient Technologies

Upstox
By Upstox News Desk

4 min read | Updated on December 31, 2025, 08:01 IST

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SUMMARY

Shares of steel producers will be in focus after the government on Tuesday imposed 11%-12% three-year import tariff on some steel products as the government aims to curb cheap shipments from China.

Stock Market Wrap

GIFT NIFTY futures rose 10 points or 0.04% to 26,113. Image: Shutterstock

The Indian equity benchmarks are set to open on a flat note on last trading day of 2025 as indicated by NIFTY futures traded at GIFT City in Ahmedabad. GIFT NIFTY futures rose 10 points or 0.04% to 26,113 indicating a subdued start for the Indian markets.

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Stocks to watch

Tata Steel, JSW Steel, Jindal Steel, SAIL: Shares of steel producers will be in focus after the government on Tuesday imposed 11%-12% three-year import tariff on some steel products as the government aims to curb cheap shipments from China, news agency Reuters reported citing an order published by the Ministry of Finance.
The levy, locally known as a safeguard duty, will be imposed at 12% in the first year followed by 11.5% in the second year and then 11% in the third year, the Reuters report added.
InterGlobe Aviation: IndiGo operator InterGlobe Aviation shares will be in focus as the airline received a GST penalty notice worth over ₹458 crore on Tuesday, December 30.

The GST penalty notice worth ₹45,826,169,80 has been issued for financial year 2018-19 to FY23.

“The GST department has passed an order imposing GST demand along with interest and penalty on compensation received from a foreign supplier and denial of input tax credit. The company strongly believes that the order passed by the GST department is erroneous and not in accordance with law, backed by advice from external tax advisors,” IndiGo said in a regulatory filing.

It further said that the major airline will contest the order and will take appropriate legal remedies against the aforesaid order. “The company is already in appeal before the Commissioner (Appeals) in a similar matter for FY 2017-18,” is added.

Orient Technologies: Shares of Orient Technologies will be in the spotlight as the company announced the record date for its 1:10 bonus issue on Tuesday, December 30.

This follows a day after the IT infrastructure provider firm’s shareholders approved the issuance of bonus shares in the ratio of 1:10—that is, one new fully paid-up equity share of ₹10 each for every 10 existing fully paid-up equity shares of ₹10 each, ranking pari passu in all respects.

“In this regard, we wish to inform you that the Company has fixed Monday, January 05, 2026, as the Record Date for the purpose of determining the eligibility of shareholders entitled to receive the Bonus Shares,” Orient Technologies said in a regulatory filing.

Bharat Forge: Bharat Forge shares will be on investors’ radar as the company signed its largest small arms contract with the Ministry of Defence on Tuesday, December 30, worth ₹1,661.9 crore.

The defence ministry has awarded Bharat Forge Limited (BFL) a contract for the supply of 255,128 CQB carbines (5.56 x 45 mm) to the Indian Army. The deal will be executed within five years.

The 5.56 x 45 mm CQB Carbine is an indigenously designed, developed, and manufactured (IDDM) compact firearm jointly developed by Armament Research & Development Establishment (ARDE), DRDO, and Bharat Forge Ltd, Pune.

IFCI: The company has monetised its 40% equity stake in North Eastern Development Finance Corporation Ltd (NEDFi), comprising 1 crore equity shares acquired at a cost of ₹10 crore, for a total consideration of ₹121.77 crore.
NBCC: State-owned NBCC (India) Ltd, which is completing stalled housing projects of erstwhile Amrapali Group, has sold 417 homes in Noida and Greater Noida for Rs 1,045.4 crore through e-auction.

As per the direction of the Supreme Court, Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) was formed to complete the stuck projects of Amrapali through NBCC.

NBCC was asked to complete 38,000 flats and hand it over to homebuyers.

In a regulatory filing on Tuesday, the company informed that it has sold 417 residential units at Aspire leisure valley in Greater Noida (W), and Aspire Silicon City, Ph-IV at Sec-76, Noida, UP through e-auction at a total sale value of Rs 1,045.40 crore.

Indian Oil: Indian Oil Corporation Limited on Tuesday said it has completed highest-ever advance winter stocking operation, supplying over one lakh kilolitres of petroleum products to Ladakh ahead of the annual winter shutdown.

Every year, access to Ladakh through roads remains closed from December to April due to heavy snowfall at high mountain passes such as Zojila and Rohtang.

To ensure uninterrupted fuel availability during this period, Indian Oil undertakes advance stocking before winter sets in, the company said.

These supplies are crucial for civilians as well as for the strategic requirements of the Indian Army in the region.

(With PTI inputs)
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.
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Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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