Indian Energy Exchange: The current shortage of coal across India has put the focus on power utilities, which in turn led investors to hone in on this power exchange company. Over the past fortnight, the short-term power rates on IEX doubled because of power distribution companies scrambling to meet the power needs of their customers through dipping into the short-term power market. This has led to the company’s stock rising nearly 24% over the past four trading sessions ending Thursday. A recent trigger for the stock’s up move was a long-standing court case finally being settled, which will allow it to introduce long duration electricity delivery contracts for its customers.

Motherson Sumi: This auto part maker recently bought a Bengaluru-based company to diversify its presence into the aerospace industry. This is a strategic investment that will allow the company to build its commitment of having revenues of at least 25% from outside the automotive industry in the future. This acquisition will give the  company access to marquee clients in the aerospace sector.

Max Healthcare Institute: This company’s promoter entity Kayak Investments Holding Pte pledged 26% of the firm’s outstanding shares as a surety for a credit facility taken by its Singapore-based holding company Kayak Topco Holding. This credit facility of $350 million was taken last week, and also has additional covenants for disposal or creating pledge on an additional 11.69% stake in Max Healthcare. This means the entire shareholding of Kayak Investments is encumbered.

Infosys: This IT services major posted decent Q2FY22 earnings, with its net profits nearly 4.4% to Rs 5,421 crore on the back of operating margins of 23.6%. The company’s dollar revenues rose 5.7% QoQ to nearly $4 billion during the quarter. Revenues grew across verticals and the company’s management raised the revenue guidance for FY22 to 16.5%-17.5% from 14-%-16%.

Indian Railway Catering and Tourism Corporation: This railway company’s stock hit a 52-week high and shares jumped 141% to Rs 5,505 apiece in less than three months after the board approved a stock split in the ratio of 1:5. The enthusiasm in the street is also because reports suggest that the company’s train ticket bookings have doubled in Q2FY22 ahead of the festive season.