Mid-day movers: Zee Entertainment, Ahluwalia Contracts and Future Supply Chain are the BSE top gainers!

Shares of Zee Entertainment, Ahluwalia Contracts and Future Supply Chain Solutions have rallied in today’s trading session

While markets opened above the previous close, as of noon, BSE Sensex was trading lower by 0.46 per cent.  

Zee Entertainment hits the roof, gains over 18 per cent 

Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content. The share has rallied more than 18 per cent in the first half of today's trading session after Invesco drops EGM demand. Invesco, which along with OFI Global China Fund holds a 17.88 per cent stake in Zee Entertainment, however, said if the merger with Sony Pictures Networks India Pvt is not completed as currently proposed, it retains the right to requisition a fresh EGM. 

Ahluwalia Contracts jumps more than 12 per cent 

Ahluwalia Contracts is engaged in engineering and contract construction, delivering state-of-the-art infrastructure and buildings projects for clients in India. The company’s stock soared 12.13 per cent in early trade on Thursday as the company informed the investors that CARE Rating Limited has reaffirmed its ratings for the financial year 2020-21 Audited and Nine Months ended un-audited for the FY2021-22. The rating agency has assigned a CARE A+ rating to the company’s long-term bank facilities worth Rs85 crore and it has given a stable outlook for the same. 

Future Supply Chain Solutions ascends more than 10 per cent 

Future Supply Chain Solutions is an integrated and IT-enabled end-to-end Supply Chain and Logistics company with capabilities in handling Modern Warehousing, Express Logistics, Cold Chain Logistics etc. The share has rallied more than 10 per cent in the first half of today's trading session and the stock hit a high price of Rs 62 and a low of Rs 52.7 during the session.