Markets are trading in the green as of 12:30 pm, with the NIFTY50 trading above the 19,500 level. Here are the top stories of the hour. Let us know what you think in the comments below!
Top gainer: Jio Financial: 258 ▲ 13 (+5.3%)
Top loser: M&M: 1,571 ▼ 20 (-1.3%)
Tata Power hits 52-week high
Shares of Tata Power hit a new 52-week today after its renewable energy subsidiary signed an agreement with Chalet Hotels. Under this agreement, Tata Power Renewable Energy will deliver 13.7 million units of clean energy through its 6 MW AC group captive project.
HAL gains on shareholder nod
Shares of the defence aircraft maker rose nearly 2% today. This comes after its shareholders approved the company’s stock split in a 1:2 ratio, which means each existing share will be split into two. Hindustan Aeronautics has fixed 29 September as the record date to determine eligible shareholders.
HEC Infra Projects secures new order
HEC Infra Projects gained more than 5% in morning trade after it secured a new work order worth ₹36.6 crore. This new order comes from Gujarat Energy Transmission Corporation (GETCO). It involves testing and commissioning of 66KV cables for PolyAI and AI.
GMR Power at upper circuit
GMR Power shares were locked in the upper circuit of 20% after its subsidiary GMR Smart Electricity Distribution received a letter of award worth ₹5,123 crore from the Purvanchal Vidyut Vitran Nigam. The project involves installing and maintaining over 50 lakh smart meters.