Today’s top morning headlines - 4th September 2023

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%)

:star: 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.

:star: 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.

:star: 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.

:star: 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.