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.
