Stocks to watch, August 18: GMR Airports, Oberoi Realty, Paytm, Nelco, INDO-MIM, Netweb Technologies

The domestic stock market is expected to open lower on Tuesday, August 18. The GIFT NIFTY futures suggest that the NIFTY50 index will open 95 points lower.

The proposed transaction will be undertaken under Resilient's existing Optionally Convertible Debenture (OCD) agreement with Antfin (Netherlands) Holding B.V. While Resilient will execute the share sale, the economic value from the transaction will accrue to Antfin under the OCD arrangement.

"This marks a significant milestone in Andhra Pradesh's aviation journey, strengthening the state's position as the “Gateway of the East” for domestic and international travel," it said.

The commencement of operations was marked by a series of historic firsts, with domestic and international flights connecting Visakhapatnam to key destinations across India, the Middle East, and Southeast Asia. These inaugural services signified the airport's readiness to serve as a strategic aviation gateway, linking North Andhra Pradesh with the world.

Following the DTCP order, the Punjab and Haryana High Court's earlier restriction on fresh allotments and creation of third-party rights has ceased to operate, clearing the way for further allotments at the project.

The investment is aimed at bringing next-generation Direct-to-Device (D2D) and Internet of Things (IoT) satellite connectivity to India and South Asian markets, the company said in a regulatory filing.

Under the agreement, Nelco will subscribe to Compulsorily Convertible Debentures (CCDs) of the Delaware-headquartered Lunar Holdco. The CCDs carry a 7% annual compounded return, convertible into equity shares of the US firm based on specified conversion events.

Profit for the June quarter stood at ₹240.12 crore, up 31.6% YoY.

The company may, at its discretion, offer a discount of up to 5% on the floor price for the issue. The QIP floor price of ₹4,885.90 represents a discount of around 6.4% to Monday's closing price of ₹5,219.

The final issue price will be determined in consultation with the book-running lead managers appointed for the QIP.

With the energising of the aforesaid capacity, the company has cumulatively energized 269.7 MW AC / 389.7 MW DC capacity under the said Wind-Solar Hybrid IPP Project. This project is being developed by the Company as an Independent Power Producer (IPP) under a long-term Power Purchase Agreement with Gujarat Urja Vikas Nigam Limited (GUVNL).

Shabnam Sinha will assume the role of Chairperson of Airtel Payments Bank for a three-year term beginning October 1, 2026, following her appointment by the Board and approval by the Reserve Bank of India (RBI), according to a company release.

Mittal, Founder and Chairman, Bharti Enterprises, was appointed as Non-Executive Chairman of Airtel Payments Bank in April 2016.

"A ₹145 crore order, awarded to the Indrajaal-Sigma consortium, brings the capability to India’s border-security environment. A separate approximately ₹10 crore Urban Police order introduces Ranger for VVIP protection and urban security," the press release added.