These stocks are gaining as the Sensex plunges!

Nava Bharat Ventures Ltd, Texmaco Rail & Engineering Ltd, and KRBL Ltd are today’s mid-day movers.

The Indian equity market extended its losses on Thursday afternoon. Rupee hit its all-time low. At 1:23 pm, the S&P BSE Sensex is at  53,138.79 witnessing a 1.76 per cent decline. 

Despite the pessimistic sentiments the following stocks are gaining.   

Nava Bharat Ventures Ltd, which is a part of the S&P BSE Small-cap index, ferro alloys manufacturer, that is doing businesses in metals manufacturing, power, mining, agribusiness and healthcare. At 1:23 pm, the stock has jumped 4.42 per cent and the scrip is currently trading at Rs 140.55.   

Texmaco Rail & Engineering Ltd which is a part of the S&P BSE Small-cap index is involved in the business of manufacturing Rolling stock, hydro-mechanical equipment, steel castings & construction of Rail EPC, bridges, and other steel structures. The company has received an order for 20,067 wagons worth Rs 6,450 crore approx. (to be executed over thirty-nine months) against the recent Railway tender for wagons issued by the Indian Railways. At 1:23 pm, the stock rallied 2.35 per cent and the scrip is currently trading at Rs 47.90.   

KRBL Ltd which is a part of the S&P BSE 500, is the world’s leading basmati rice producer. The company received substantial relief against the queried tax demand which was raised by the income tax department. At 1:23 pm, the stock surged 7.87 per cent and the scrip is currently trading at Rs 219.20.