These three stocks are witnessing positive momentum in a bleeding market

Hindustan Food Ltd, Vardhman Textiles Ltd and Hikal Ltd are today’s mid-day movers.

US stocks tumbled due to the concern about whether the interest rate hike will be enough to curb inflation. As a reaction to this, the Asian markets saw a sharp decline. The Indian equity markets were no exception to this ongoing turmoil. At 1:05 pm the S&P BSE Sensex is at 54,786.90 witnessing a 1.64 per cent decline. 

These stocks are gaining in a bleeding market. 

Hindustan Foods Ltd is engaged in contract manufacturing of various FMCG products including food, home care, personal care, beverages etc. They also manufacture leather shoes and accessories. At 1:05 pm the stock has jumped 5.29 per cent and the scrip is currently trading at Rs 1879. 

Vardhman textiles is in the business of manufacturing Yarn, Fabric, Acrylic Fiber and Garments. At 1:05 pm the stock rallied 4.81 per cent and the scrip is currently trading at Rs 372.55. 

Hikal Ltd is a partner to companies in the Pharmaceuticals, Crop Protection, and Specialty Chemicals industry. The company supplies research services, active ingredients and intermediates to its customers. At 1:05 pm the stock surged 3.45 per cent and the scrip is currently trading at Rs 436.35