Mid-day Movers: As the market is trading flat, these stocks are gaining!

As the week opened on a flat note, these stocks are showing positive traction on a Monday afternoon!

As a fresh week has started, the Indian stock market is trading flat as global weakness continues to remain the same. At 12:55 pm, the S&P BSE Sensex is at 51,582.35, a 0.43 per cent gain. Let us find out more about the shares that are trading higher today: 

Indian Hume Pipe Company Ltd, Greenlam Industries Ltd, Hindustan Unilever Ltd and are Monday’s mid-day movers! 

Indian Hume Pipe Company, a constituent of the S&P BSE SmallCap, is in the business of manufacturing, laying and joining of pipelines. It has bagged a work order of Rs 110 crore from Public Health Engineering Department (PHED), Ajmer, Rajasthan, for Cluster Water Supply Project Package-VII of Chambal Bhilwara Water Supply Project Phase II of Jahajpur-Kotri Tehsils of District Bhilwara under Jal Jeevan Mission (JJM) with Operation and maintenance for 10 years. The project is to be completed within 15 months. The shares are up by 1.52 per cent and the scrip is trading at Rs 143.25.

Greenlam Industries Ltd, a constituent of the S&P BSE SmallCap, is engaged in the business of manufacturing laminates, decorative veneers and allied products Board of Directors approved a Rs 195 crore fundraise by issuing up to 63 lakh equity shares on a preferential basis to a qualified institutional buyer. The shares jumped by 5.72 per cent and the scrip is trading at Rs 315.30, making it the top gainer of Group A.  

Hindustan Unilever, a constituent of the S&P Sensex, is in the FMCG business. The Bombay High Court has restrained Sebamed from airing its advertisements that compared the pH value of its soap to that of Hindustan Unilever’s (HUL’s) Dove, Pears, and Lux. This news has rallied the share price by 4.03 per cent and the scrip is trading at Rs 2197.70.