These mid-cap stocks are up, even when the market is down

Container Corporation of India Ltd, IDBI Bank and Indian Hotels Company Limited are today’s mid-day movers.

Container Corporation of India Ltd  is a PSU that provides responsive, cost-effective, efficient and reliable logistics to its customers. Their business deals in three domains; 1) carrier 2) terminal operator 3) warehouse operator. Today, the stock of this company has increased by 30.95 points witnessing a surge of 4.53 per cent. At 2:20 pm the scrip is trading at Rs 714.65.

IDBI Bank is a private sector bank that operates as a full-service universal bank that serves customers from all segments. The government is planning to invite expressions of interest in May for selling its stake in IDBI Bank and it also expects to complete the disinvestment in the current financial year. Today, the stock of this company has increased by 3.80 points witnessing a surge of 8.30 per cent. At 2:20 pm the scrip is trading at Rs 48.90. 

Indian Hotels Company Limited is South Asia’s largest hospitality company by market capitalization. It is managed as a subsidiary of Tata Group. As this sector recovers and demand improves, the stock price has also recovered. Today, the stock of this company has increased by 17.25 points witnessing a surge of 7.32 per cent. At 2:20 pm, the scrip is trading at Rs 252.95.