Why Atlantic Lithium, Charter Hall, Droneshield, and Zip shares are pushing higher

The S&P/ASX 200 Index (ASX: XJO) is having a tough session on Tuesday. At the time of writing, the benchmark index is down 0.9% to 7,427.9 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are rising:

Atlantic Lithium Ltd (ASX: A11)

The Atlantic Lithium share price is up 2.5% to 41 cents. This is despite there being no news out of the Africa-focused lithium developer. However, it is worth noting that Macquarie remains positive on the company. This led to the broker reaffirming its outperform rating and 56 cents price target on its shares on Monday.

Charter Hall Group (ASX: CHC)

The Charter Hall share price is up 2.5% to $11.90. This appears to have been driven by a broker note out of Morgan Stanley this morning. According to the note, the broker has upgraded the property company’s shares to an overweight rating with an improved price target of $13.25. It believes the company is a great option for investors while bond yields fall.

DroneShield Ltd (ASX: DRO)

The DroneShield share price is up 8.5% to 40.2 cents. Investors have been buying this counter drone technology company’s shares following the release of its quarterly update. Droneshield reported a record $48 million of customer cash receipts and grants for the December quarter. This is five times larger than the next largest quarter on record. It also revealed a maiden profit for the 12 months.

Zip Co Ltd (ASX: ZIP)

The Zip share price is up 8.5% to 53.2 cents. This is despite there being no news out of the buy now pay later provider. Though, it is worth highlighting that its shares have fallen heavily since this time last month, so bargain hunters could be swooping in. Zip’s shares remain down 14% on a monthly basis.

The post Why Atlantic Lithium, Charter Hall, Droneshield, and Zip shares are pushing higher appeared first on The Motley Fool Australia.

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• Why Arcadium Lithium, IAG, PYC Therapeutics, and Zip shares are falling today
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• Why Atlantic Lithium, KMD Brands, Neuren, and PEXA shares are falling today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield, Macquarie Group, and Zip Co. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended DroneShield. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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