Mid-day movers: Ganesh Benzoplast, RattanIndia Enterprises and SREI Infrastructure emerge as top gainers of BSE!

The shares of Ganesh Benzoplast, RattanIndia Enterprises, and SREI Infrastructure Finance have rallied in today’s trading session.

While markets opened marginally high, as of noon, BSE Sensex was up by 0.9 per cent whereas S&P BSE SmallCap was 0.00077 per cent down.  

Ganesh Benzoplast Ltd ascends more than 8 per cent  

Ganesh Benzoplast Limited is the leading independent tank storage provider, specialised in the storage & handling of liquid chemicals, petroleum products, and edible oil products. Its share rallied more than 8 per cent in the first half of today's trading session. Ganesh Benzoplast Limited, in collaboration with Golden Agri International Enterprises Ltd, KN Agri Resources Ltd, and other investors, has entered the production of ethanol & extra neutral alcohol (ENA) by acquiring a 100 per cent shareholding in Sagar Industries & Distilleries Pvt Ltd, a distillery in Nasik district of Maharashtra.  

RattanIndia Enterprises Ltd jumps more than 9 per cent  

RattanIndia Enterprises Ltd is engaged in building up massive turnkey engineering projects like thermal power plants. The drone sector has lately been invited to apply for the production-linked incentive (PLI) scheme by the Civil Aviation Ministry. The overall incentive is Rs 120 crore, distributed over three financial years, according to the ministry, which is nearly double the aggregate turnover of all domestic drone manufacturers in FY 2020-21. The incentive for a drone and drone component producer under the scheme will be 20 per cent of the ‘value addition’ achieved by the company over the next three years. RattanIndia Enterprises, as a result, is a key beneficiary of this news. The stock has hit the upper circuit of 9.98 per cent.  

SREI Infrastructure Finance Limited soared over 4 per cent  

SREI Infrastructure Finance Ltd provides infrastructure financing services in India. At least 14 suitors have submitted an expression of interest (EoI) to acquire SREI Group companies under the insolvency and bankruptcy code on March 13, 2022. The share has rallied more than 4 per cent in the first half of today's trading session.