These stocks are gaining on the last trading session of the month!

Nxtdigital Ltd, Lemon Tree Hotels Ltd, and Forbes & Company Ltd are today’s mid-day movers.

As May comes to end, so has the recent market rally. The Indian stock market is in red today after a slack in the Asian peers. At 1:03 the S&P BSE Sensex is at 55,777.17 , a decline of 0.27 per cent. Today the focus is on India's official GDP data for the January-March period that will be announced in the latter half of the day. 

Amidst these mixed sentiments following stocks gained: 

Nxtdigital is the flagship media business of the global Hinduja Group. It is India’s only integrated Digital Delivery Platform that delivers services via satellite, digital cable and broadband. The company has signed a binding Memorandum of Understanding (MoU) with Thaicom Public Company, Thailand to form a strategic partnership to enter the Broadband-over-satellite (BoS) market and related services in India. At 1:03 pm, the stock price, jumped 3.90 per cent and the scrip is currently trading at Rs 381.40.

Lemon Tree Hotels is India’s largest hotel chain in the mid-priced hotel sector. It has signed a License Agreement for a 40-room hotel at Chirang, Assam under the Company's brand 'Keys Select, by Lemon Tree Hotels'. The hotel is expected to be operational by June, 2026. Carnation Hotels, a subsidiary and the hotel management arm of the Company will be operating this hotel. At 1:03 pm, the stock price, rallied 5.10 per cent and the scrip is currently trading at Rs 62.85.   

Forbes & Company has three main businesses; namely engineering, shipping and logistics and business automation. The company has received approval for the sale of 25 per cent equity and preference shareholding of the Company in Shapoorji Pallonji Forbes Shipping (SPFSL) to GS Enterprises, a Partnership firm and a related party for a consideration of Rs 29 crore. The definitive agreement is expected to be executed in the first quarter of FY 2022-23 and the proposed transaction is expected to be completed in the second quarter of FY 2022-23. At 1:03 pm, the stock price, surged 3.46 per cent and the scrip is currently trading at Rs 392.15.