Stocks To Watch On Monday
Join Us
Follow Us
Three stocks could be in focus on Monday after fresh project wins and contract announcements, with Power Grid leading the list with a major Gujarat transmission project.
✨ Key Takeaways
Indian benchmark indices ended largely flat on Friday, August 21, as cautious sentiment persisted amid elevated crude oil prices and pressure in global bond markets.
The Nifty 50 opened at 24,284.05 and moved in a narrow range during the session. The index touched an Intraday high of 24,284.05 and slipped to a low of 24,206.80 before recovering towards the close. Buying at lower levels provided some support, although the lack of a decisive move kept the market in consolidation mode.
The Nifty 50 settled at 24,252, gaining 20.15 points or 0.08 per cent. The Sensex also ended marginally higher at 77,540.83, up 3.11 points.
Against this backdrop, here are the stocks that could remain in focus when trading resumes on Monday, August 24.
1. Power Grid Corporation of India Ltd
Power Grid Corporation of India Ltd emerged as the successful bidder for an inter-state transmission system project in Gujarat under the Tariff Based Competitive Bidding process. The project, titled “Transmission system for Integration of Power from RE Projects in Jam Khambhaliya REZ in Gujarat - Phase II (5,500 MW) and Jamnagar Phase-I (1,000 MW)”, will be developed on a Build, Own, Operate and Transfer (BOOT) basis. Power Grid has received the Letter of Intent (LoI) for the project on August 21, 2026. The discovered tariff for the project stands at Rs 822.91 crore per annum.
Under the project, the company will establish a new GIS substation at Kalyanpur in Gujarat. It will also undertake ICT augmentation and bay extension works at substations currently under Construction in the state. The project will further involve the construction of 765 kV transmission lines across Gujarat.
Highway Infrastructure Ltd entered into a Contract Agreement for the operation of the Palayam Fee Plaza in Tamil Nadu. The development follows the company's earlier announcement on August 17, 2026, regarding the receipt of the Letter of Award (LoA) for the project.
The contract covers the operation of the Palayam Fee Plaza at Km 154+500 of the NH-44 on the Krishnagiri to Thumbipadi section, spanning from Km 94+000 to Km 180+000. The project will be executed on a Build, Operate and Transfer (BOT) basis in Tamil Nadu. Highway Infrastructure announced that it entered into the Contract Agreement on August 21, 2026, marking the next step in the execution of the project.
Innovision Ltd has secured a user fee collection contract from the National Highways Authority of India (NHAI). The company has received a Letter of Award (LoA) or work order for the operation of user fee collection at Etaura Bujurg fee plaza and Akhtiyari Kotila fee plaza in Uttar Pradesh. The contract was awarded through competitive bidding via an e-tender process.
The project covers user fee collection for the two-lane road with paved shoulders on the Raebareilly-Allahabad section in Uttar Pradesh. The scope also includes the upkeep and maintenance of adjacent toilet blocks, including replenishment of consumable items. The commercial consideration of the contract stands at Rs 51.54 crore, according to the company's exchange filing.
Disclaimer: The article is for informational purposes only and not investment advice.