These three stocks have beaten the volatile market sentiments on Thursday afternoon!
Add-Shop E-Retail Ltd, TRF Ltd, and BLS International Services Ltd are today’s mid-day movers.
With volatility present globally due to soaring inflation and rising interest rates, the Indian Stock market which extended losses on Thursday morning is trading flat in the afternoon. The S&P BSE Sensex is at 55,102.06, a gain of 0.38 oer cent.
Add-Shop E-Retail Limited is engaged in the business of manufacturing and trading herbal, ayurvedic, and agro commodities. It has launched two new products namely DNC 90 Liquid and Bhoomira Granules in the agriculture category. With this launch, the company is entering new markets aiming for better outreach of its products. At 12:40 pm, the stock price, jumped 6.55 per cent and the scrip is currently trading at Rs 96.
TRF Limited is engaged in the production of material handling equipment and undertaking turnkey projects of material handling for the infrastructure and industrial sector. The company has raised Rs 165 crore from Tata Steel. As authorized by the company's Board of Directors at its meeting held on June 8, 2022, the Committee of Directors, approved the allotment of 16,50,00,000, 12.17 per cent (effective yield) non-cumulative, non-convertible, non-participating, redeemable preference shares of face value Rs 10 each, at par, for consideration in the form of cash, aggregating to Rs 165 crore, (NCRPS Series-1) to Tata Steel, on private placement basis. The NCRPS will be unlisted. At 12:40 pm, the stock price rallied 4.97 per cent and the scrip is currently trading at Rs 141.45.
BLS International Services Limited is a part of the BLS Group with a global presence and diversified range of services that counts amongst the top three global players in visa application outsourcing. The company through its wholly-owned subsidiary, BLS E-services (BEPL) has entered into a Share Purchase agreement and Share Transfer agreement to acquire 88.26% equity shares in ZERO Mass (ZMPL) for an aggregate sum of consideration of Rs 105 crore. The company is also planning to acquire a 100 per cent equity stake of ZERO Mass. At 12:40 pm, the stock price, surged 9.12 per cent and the scrip is currently trading at Rs 193.25.