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Fresh orders and new business mandates could put three stocks on investors' radar on Tuesday, with Ceigall India, JUSTO Realfintech and GPT Infraprojects reporting key developments.
✨ Key Takeaways
Indian equity markets ended marginally lower on Monday, August 24, as profit booking erased early gains. Elevated crude oil prices and pressure in global bond markets also kept investors cautious.
The Nifty 50 declined 32.95 points, or 0.14 per cent, to close at 24,219.05, while the Sensex fell 171.72 points to 77,369.11.
Brent crude oil eased towards USD 91 per barrel as investors booked profits following a sharp recent rally. However, concerns over tighter supplies remained amid expectations of tougher US sanctions on Iran. Disruptions to Iranian oil shipments, continued tensions around the Strait of Hormuz and lower-than-normal traffic through the key shipping route continued to support crude oil prices.
Against this backdrop, here are the stocks that could remain in focus during Tuesday's trading session.
Ceigall India Ltd received Letters of Acceptance from the Ministry of Road Transport & Highways for the Construction of a key section of the Lada-Sarli section of NH-913, also known as the Frontier Highway, in Arunachal Pradesh.
The contract is valued at Rs 704.70 crore, excluding GST. The project will be executed jointly with Sushee Infra & Mining Ltd, with Ceigall India holding a 74 per cent share and Sushee Infra & Mining holding the remaining 26 per cent.
The project involves construction of the road from km 85.60 to km 168.00 of the Lada-Sarli section of NH-913 to Intermediate Lane standards.
The project will be executed on an Engineering, Procurement and Construction (EPC) basis. It has a construction period of 48 months, followed by a five-year maintenance period.
JUSTO Realfintech Ltd launched its Sourcing Mandates vertical and securing its first assignment from Paranjape Schemes.
The mandate covers inventory valued at more than Rs 300 crore across The Promenade Residences, a residential development, and Altius, a commercial development, at Blue Ridge in Hinjawadi, Pune.
Under the new model, JUSTO Realfintech will manage channel strategy, partner activation, demand generation and qualified customer sourcing. The developer's internal team will continue to handle customer engagement and closures.
The company said the model will allow developers to use JUSTO Realfintech's market intelligence and network of more than 6,000 channel partners without outsourcing the entire sales process.
GPT Infraprojects Ltd's wholly owned subsidiary, Alcon Builders and Engineers Pvt Ltd, was declared the L1 bidder for an order valued at Rs 97.31 crore on Monday, August 24.
The contract involves the provision of Electronic Interlocking at 10 Railway stations on the HDN/HUN route of the Katihar Division.
The stations covered under the order are ADF (Adina), AZR (Azamnagar Road), KWE (Khurial), MXJ (Mangurjan), TMH (Tinmilehat), CAT (Chatterhat), SUD (Sudhani), TETA (Telta), PJP (Panjipara) and GIL (Gaisal).
Being declared L1 means the subsidiary emerged as the lowest bidder for the contract.
Disclaimer: The article is for informational purposes only and not investment advice.