Today’s top morning headlines - 25th October 2023

Good afternoon,

Markets are trading in the red, with the NIFTY50 below 19,200 as of 2:00 pm.
Here are the top stories!

Top gainer: Nestle India: 24,503 ▲305 (+1.2%)
Top loser: NTPC: 230 ▼ 6 (-2.6%)

:star: Delta Corp rises on tax relief
Shares of the casino and online gaming operator rose by 8% intraday after the company received a provisional relief from the Goa High Court on the ₹16,194 crore tax demand from GST authorities. The court ordered the GST department in Hyderabad to not take any further action without its permission.

:star: John Cockerill surges on order win
Shares of the steel manufacturer rose by 5.3% intraday. This came after the company bagged an order worth ₹280 crore from Tinplate Company of India Limited for making and delivering plant and equipment for a continuous annealing line in Jamshedpur.

:star: Kewal Kiran Clothing gains after strong Q2 results
Shares of the apparel manufacturer rose by 14.6% intraday after the company reported a 27.2% year-on-year (YoY) growth in its net profit at ₹49.80 crore. The company has also forayed into the kids’ wear category in this quarter.

:star: Gensol Engineering rises on new project
Shares of the solar advisory and execution services provider rose by 9% intraday. This came after the company announced that it has received an order worth ₹301.54 crore from Maharashtra State Power Generation Co. Ltd. (MAHAGENCO) to install 62 MWAC solar PV power plant in Maharashtra.