GMR AIRPORTS LTD

Goa's Manohar International Airport is expected to increase its annual passenger handling capacity to 8 million by June-July this year as it looks to increase flight connectivity to new destinations and attract more passengers. The airport, which started operations in January last year, can handle 4.4 million passengers per annum and the same is projected to rise to 4.5 million by the end of this month, according to a top executive.

GMR Hyderabad International Airport has won the ASQ award for 'Best Airport in the 15 to 25 MPPA' category in the Asia-Pacific region for 2023. The airport was recognized in the ACI's annual ASQ survey. CEO Pradeep Panicker attributed the win to the team's dedication and the airport's expansion. In the past, the airport ranked World No.

Prime Minister Narendra Modi on Sunday inaugurated 15 airport projects, including 12 new terminal buildings of almost worth Rs 10,000 crore in Uttar Pradesh's Azamgarh, marking the event to be the single biggest infra addition that will see a mix of new airports, expanded terminals, laying of foundation stones for upcoming airports and other related facilities.

Delhi International Airport has introduced a 'Pink Shift' on International Women's Day, where women staff handle an entire 8-hour shift at all three terminals. DIAL aims to promote diversity and inclusivity, citing benefits like diversified leadership and improved passenger experiences. CEO Videh Kumar Jaipuriar sees it as inspiring female professionals, breaking gender stereotypes, and enhancing the aviation industry's diversity and dynamism.

Ashok Leyland, Biocon, GMR Airports Infrastructure, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper, Piramal Enterprises, PVR Inox, RBL Bank have moved out of the ban.

The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

Indian shares extended gains for the fifth straight session on Monday, with the blue-chip Nifty 50 index hitting a record high, led by financials and energy stocks. The S&P BSE Sensex closed 0.39% higher at 73,427, while the NSE Nifty50 index ended above the 22,100 level. "The near-term trend of Nifty remains positive. But the market is displaying lack of strength to witness a decisive upside breakout of the resistance around 22150-22200 levels. Further consolidation or minor dip can't be ruled out in the coming sessions. Immediate support is at 21950 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. Here are 6 stock recommendations for Tuesday:

Saurabh Chawla, Executive Director (Finance & Corporate Strategy) of GMR Group, stated that the group plans to continue operations both domestically and internationally. They are awaiting the bid results for the Ninoy Aquino International Airport redevelopment project, which will be announced on February 14.

In Tuesday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached, whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

The climb can be attributed to India's standardized foreign ownership limit (FOL) in 2020, the sustained rally in domestic equities and relative underperformance of other emerging markets, especially China, Nuvama Alternative & Quantitative Research said in a note.

This comes pursuant to another bench on May 11 last year dismissing the Central government's plea seeking review of its last year's judgment that ruled in favour of the private airport developer.

Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up

JP Morgan Securities Asia Pacific invested ₹830 crore while Tata Capital ₹800 crore, Sachin Bansal-promoted Navi Finserv ₹300 crore, and HSBC ₹200 crore from its branch in Gujarat International Finance Tec-City (GIFT City), people cited above said.

Analysts had expected government capex to further increase by 10-15% for FY25. In FY24, the government had pegged a capex target of Rs 10 lakh crore. Of the total outlay for FY25, the government has allocated Rs 2.78 lakh crore for the road transport and highways ministry, and Rs 2.55 lakh crore for railways.

The operator of India’s busiest airport in Delhi posted a loss of Rs 486 crore in the October-December quarter from a net profit of Rs 106 crore a year earlier. Revenue rose 26% to Rs 2,227 crore, but finance cost increased 45% to Rs 857 crore.

The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price was declining.

The Uttar Pradesh government has approved a Rs 16,000 crore rapid rail corridor connecting the upcoming Noida Airport to Delhi's Indira Gandhi International Airport. The rail corridor, to be developed by the National Capital Region Transport Corporation (NCRTC), is expected to be completed in four years.

Delhi Airport, owned by GMR group, has won an arbitration against the Airport Authority of India (AAI) over revenue sharing during the COVID-19 pandemic. The airport, which pays 45.99% of its annual revenue as concession fees, was granted interim relief from the Delhi High Court in January 2021.

Delhi Airport News: The ministry of civil aviation has instead asked the GMR Group-operated Delhi International Airport Ltd (DIAL) to arrange alternate means of funding and subsequently levy a user development fee (UDF) when the train is operational.