Mid-day Movers: These three stocks are trading above 5 per cent in a volatile market!

Adani Enterprises, KPI Green Energy, and Dynamatic Technologies are witnessing positive traction on Tuesday afternoon!

After yesterday’s bloodbath, the market opened with bearish sentiments and subsequently showed some recovery. IT, Realty and Power sector indices are trading higher than the rest. In this unpredictable market, at 1:15 pm, let us find out the reason behind the positive traction in the following shares!  

Adani Enterprises is an infrastructure company. It has entered into a new partnership with TotalEnergies of France to create the world’s largest green hydrogen ecosystem. TotalEnergies will acquire a 25 per cent minority interest in Adani New Industries (ANIL) from Adani Enterprises (AEL). This news has rallied the share price of this Group A company by 5 per cent and the scrip is trading at Rs 2185.25. 

KPI Green Energy is a solar power generating company. KPI Green Energy has received commissioning certificates from Gujarat Energy Development Agency (GEDA) for four clients totalling 3.447 MWdc. The share price of this Group B stock jumped by 6.91 per cent and the scrip is trading at Rs 600.60. 

Dynamatic Technologies designs and builds highly engineered products for Automotive, Aeronautic, Hydraulic and Security applications. It has won the contract to manufacture the Escape Hatch Door for Airbus A220 aircraft. The contract was placed by recently established Stelia Aeronautique Canada Inc, a subsidiary of Airbus Atlantic SAS. The share price of this Group B stock surged by 7.90 per cent and the scrip is trading at Rs 2012.15.