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Three stocks could grab investor attention on Tuesday as an airport begins commercial operations, an infrastructure company secures a Rs 29.01 crore order and a Tata Group firm expands into satellite-based connectivity.
✨ Key Takeaways
Indian benchmark indices ended lower on Monday, August 17, extending their losing streak to five sessions as investors remained cautious amid uncertainty surrounding the US-Iran conflict and elevated crude oil prices.
The Nifty 50 fell 78.35 points, or 0.32 per cent, to close at 24,287.65, while the Sensex declined 281.09 points, or 0.36 per cent, to end at 77,728.16.
Against this backdrop, here are the stocks that could remain in focus during Tuesday's trading session.
GMR Airports Ltd announced the commencement of commercial operations at Alluri Sitarama Raju International Airport in Visakhapatnam on August 17.
The airport has been developed and is operated by GMR Visakhapatnam International Airport Limited (GVIAL). The start of commercial operations marks a key milestone for Andhra Pradesh's aviation infrastructure and is expected to strengthen connectivity for North Andhra Pradesh.
The airport began operations with domestic and international flights connecting Visakhapatnam with key destinations across India, the Middle East and Southeast Asia.
The development is expected to improve regional connectivity and support economic activity in the region.
2. Om Infra Ltd
Om Infra Ltd has received a Letter of Award from the Office of the Superintending Engineer, Circle Office, Uttar Pradesh Jal Nigam (Rural), Lucknow, for the execution of a supplementary agreement.
The total sanctioned supplementary value stands at Rs 29.01 crore. The amount includes repair costs, contingency, GST, centage and three years of operations and maintenance costs.
The order adds to the company's project pipeline and could remain a key trigger for the stock when trading resumes on Tuesday.
3. Nelco Ltd
Nelco Ltd announced a strategic partnership and investment in Lunar Holdco., Inc., which operates as Elveo Mobile.
Nelco, a Tata Group company and satellite communication service provider, said the partnership will focus on next-generation Direct-to-Device (D2D) satellite mobile connectivity and related compute solutions.
Under the agreement, Nelco will bring connectivity and compute solutions powered by Elveo's satellites to various sectors, including automotive, maritime, energy and government.
The partnership will target opportunities in India and South Asian markets, potentially expanding Nelco's presence in the emerging satellite connectivity space.
Disclaimer: The article is for informational purposes only and not investment advice.