As we witness Monday blues in global markets, these stocks are performing well on domestic bourses!

KPI Green Energy, Rajesh Exports, and Future Retail are today’s mid-day movers!

Let us find out some factors which caused the market crash. 

In May 2022, the US recorded its highest ever inflation at 8.6 per cent, since December 1981. This is an indicator of more aggressive Fed rate hikes in the near future. Indian Rupee hit its all-time low of 78.29 against the dollar, making domestic stocks unattractive to foreign investors. Another addition to this was the surge in covid cases in China, which will take a toll on the overall economic growth. In this turmoil, at 12:45 pm, the S&P BSE Sensex was at 52,829.99 a decline of 2,71 per cent, while the following stocks showed some positive traction! 

KPI Green Energy is engaged in the business of generating solar power. It has received a commissioning certificate from Gujarat Energy Development Agency (GEDA) for a capacity of 5.20 MWdc solar power project for Devika Fibers under the 'Captive Power Producer (CPP)' Segment of the Company. This Group B stock has jumped 2.19 per cent and the scrip is trading at Rs 612.45.

Rajesh Exports, the jewellery exporter’s, owned entity Elest has signed an agreement with Telangana to set up a display fab facility involving Rs 24,000 crore of capital outlay as a part of India’s USD 10-billion Semicon India scheme. The stock emerged as A Group gainer and the scrip is currently trading at Rs 560.45 , a 7.22 per cent surge.  

Future Retail is a debt-ridden company that was engaged in retailing fashion, household, and consumer products. The National Company Law Tribunal has adjourned the hearing of Amazon’s petition till June 14. Post this news, the stock is has gained 4.96 per cent and the scrip is trading at Rs 8.47.