Today’s top morning headlines - 4th October 2023

Good afternoon,

Markets are trading in the red with the NIFTY50 trading near the 19,350 level, as of 12:50 pm. Here are the top stories for the day!

:star: Titagarh Rail Systems gains on order win
Shares of the railway coach maker are up by 2.4%. This came after the company signed a ₹857 crore contract for manufacturing 72 standard gauge cars for the first phase of Surat Metro Rail.

:star: Maruti Suzuki tumbles on income-tax notice
Shares of the car manufacturer are trading 1.7% lower after the company received an income-tax notice for FY20 amounting to ₹2,159.7 crore.

:star: Varroc Engineering hits 52-week high on new deal
The engineering firm’s shares surged 3% and hit a 52-week high. This came after its subsidiary signed an agreement with AMP Energy for setting up renewable power plants in Karnataka and Tamil Nadu.

:star: V-Mart surges on revenue increase
Shares of the omni-channel retailer are up by 1.6%. After the company announced total revenue of ₹549 crore for the second quarter of FY24, up 8% compared to ₹506 crore in the corresponding period last year.