Why did these three stocks soar more than 5 per cent in today's trade?

Torrent Power, HG Infra, Sadhana Nitro Chem gained good momentum today with a fundamental reason behind it.

In the afternoon deals, Sensex was trading marginally down by 0.25 per cent. Torrent Power, HG Infra, Sadhana Nitro Chem gained good momentum today with a fundamental reason behind it. The snapshot of it is discussed below.

HG Infra Engineering was up more than 8 per cent  

This smallcap infra company has posted Q3FY22 results yesterday post-market hours. They had a strong top line and bottom line growth. Revenue is up 25 per cent YoY at Rs 7,343 crore, Operating profit is up by 23 per cent YoY at Rs 1,452 crore however margins stayed flat.

Torrent Power jumped 6.5 per cent 

A leading private sector power generator and distributor has posted Q3FY22 results yesterday post-market hours. Revenue is up 28 per cent YoY at Rs 3,767 crore, Operating profit is up by 10 per cent YoY at Rs 1,000 crore.

Sadhana Nitro Chem has hit an upper circuit gaining 5 per cent 

This company is on the radar for the past one month. It has rallied more than 165 per cent in one month. Today it hit an upper circuit of 5 per cent due to news that the Board of Directors of the Company for issue of 65,20,606 Share Warrants, convertible into 65,20,606 equity shares of the face value of Rs. 1 each, to be issued at Rs 153.36 per Share Warrant/Equity Share (including premium of Rs 152.36) approximately aggregating to Rs 1,00,00,00,137 on preferential basis.