As May starts on a weak note, the following stocks are trending today!

GE Power India Ltd, Tata Chemicals Ltd, and GHCL Ltd are today’s mid-day movers.

We have started the 1st trading day of May 2022 on a sloppy note. This is because of the weakness in Asian markets after a sell-off in the US markets that happened on Friday, as investors are expecting an interest rate hike by the Federal Reserve this week. At 1:05 pm the S&P BSE Sensex is at 56,803.49 witnessing a 0.45 per cent decline. The following stocks surged on Monday afternoon.  :

GE Power India Ltd is one of the leading players in the Indian power generation equipment market. The company has been awarded a contract worth approximately Rs 863.4 crore by GREENCO KA01 IREP Pvt Ltd. At 1:05 pm the stock has jumped 5.22 per cent and the scrip is currently trading at Rs 186.35.

Tata Chemicals Ltd is a global company with interests in businesses that focus on Basic Chemistry Products and Specialty Chemistry Products. The company has reported an over 15-fold jump in its net profit to Rs 445.43 crore for the fourth quarter as compared to Rs 29.26 crore for the same quarter in the previous year. Total income of the company increased by 32.81 per cent to Rs 3,586.91 crore for the quarter reported as compared to Rs 2,700.72 crore for the corresponding quarter of the previous year. At 1:05 pm the stock rallied 9.59 per cent and the scrip is currently trading at Rs 1031. 

GHCL Ltd engaged in the manufacturing of soda ash and home textiles. Net profit of GHCL rose 144.08 per cent to Rs 271.27 crore in the quarter ended March 2022 as compared to Rs 111.14 crore for the same quarter the previous year. Sales rose 76.63 per cent to Rs 1273.27 crore in the quarter ended March 2022 as against Rs 720.88 crore for the March 2021 quarter. At 1:05 pm the stock surged 7.92 per cent and the scrip is currently trading at Rs 667.