Mid-day Movers: Why is Future Enterprises, Vadilal Industries and Tata Steel the BSE top gainer?

Shares of Future Enterprises Ltd, Vadilal Industries Ltd and Tata Steel Ltd have rallied strongly in today’s trade.

While markets opened flat, as of noon, BSE Sensex was 0.24 per cent down. 

Future Enterprises Ltd ascends more than 19 per cent 

The share price of Future Enterprises has skyrocketed on Monday as Reliance took over operations of 200 Future Group's stores and has offered jobs to its employees after the Kishore Biyani-led group failed to make lease payments to landlords. The share price of the company has jumped 19.32 per cent in the first half of today's trading session. 

Vadilal Industries Ltd zooms more than 16 per cent 

Vadilal Industries Ltd, manufacturer of ice-cream, frozen dessert, juicy, and candy, has rallied more than 16 per cent in the first half of today's trade after launching its first cafe in Ahmedabad named, 'Now For Ever' representing the fusion food, desserts and an ambience to cater to millennials and Gen-Z. Vadilal Enterprises also plans to expand it to key cities such as New Delhi, Surat and Jaipur by the end of the year. The company has given more than 62 per cent returns in the last one year. 

Tata steel jumps more than 5 per cent 

Tata Steel has got upward momentum in the first half of today's trading session because of a 4 per cent rally in the Nifty Metal index. Tata steel has gained 5.52 per cent. The stock hit a high price of Rs 1,208.95 and a low of Rs 1,130.05 during the session.