Today’s top morning headlines - 16th October 2023

Good afternoon,

Markets are trading flat with the NIFTY50 below the 19,800 level, as of 12:15 pm. Here are the top stories for the day!

Top gainer: LTI Mindtree: 5,174 ▲78 (+1.5%)
Top loser: Nestle India: 22,995 ▼ 559 (-2.3%)

:star: Sunteck Realty hits 52-week high
Shares of the real estate developer rose by 2.7% intraday and hit a 52-week high after the company registered a 17% year-on-year (YoY) surge in pre-sales numbers in Q2 FY24.

:star: NBCC rises on new order win
Shares of the Navratna civil engineering firm rose by 5% intraday and hit a 52-week high. This came after the company announced that it has received an order worth ₹80 crore from the Visakhapatnam Port Authority.

:star: Texmaco Rail rises on profit jump
Shares of the engineering and infrastructure firm are up by 11.6% intraday. This came after the company reported 136% YoY jump in profit at ₹20.2 crore in Q2 FY24.

:star: J Kumar infra gains on new project
Shares of the construction firm rose by 3.2% intraday after the company announced that it has received an order worth ₹100 crore from the Mumbai Metropolitan Region Development Authority to build 5 elevated stations of the Mumbai Metro Rail Project.