Why Domino's, DroneShield, Imricor, and Pepper Money shares are storming higher today

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. At the time of writing, the benchmark index is down 0.75% to 8,828.4 points.

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

Domino's Pizza Enterprises Ltd (ASX: DMP)

The Domino's Pizza share price is up 3.5% to $19.02. This pizza chain operator's shares have been storming higher in recent sessions amid takeover speculation. There were reports that Bain Capital had tabled an offer that values the company at $4 billion. And while Domino's advised that it hadn't received an approach, some investors appear to believe there's no smoke without fire.

DroneShield Ltd (ASX: DRO)

The DroneShield share price is up 5% to $4.03. On Monday, this counter drone technology company announced another contract win. DroneShield revealed that it received a $25.3 million contract from a privately owned in-country reseller that is contractually required to distribute the products to a Government defence end customer in a Latin American (LATAM) country. In response to the news, this morning Bell Potter reiterated its buy rating and $5.30 price target on its shares. It said: "We expect 2026 will be an inflection point for the global counter-drone industry with countries poised to unleash a wave of spending on soft-kill detect and defeat solutions. Consequently, we believe DRO should see material contracts flowing from its $2,550m potential sales pipeline over the next 3-6 months as defence budgets roll over to FY26."

Imricor Medical Systems Inc (ASX: IMR)

The Imricor Medical Systems share price is up 11% to $1.52. This morning, this medical device company announced the successful completion of the first ischemic ventricular tachycardia (VT) ablation ever performed under real-time MRI guidance in an iCMR lab. The company stated: " This milestone marks a critical step forward for Imricor's VISABL-VT clinical trial, and a watershed moment for the field of MRI-guided electrophysiology."

Pepper Money Ltd (ASX: PPM)

The Pepper Money share price is up a further 6.5% to $2.54. Investors have been buying this non-bank lender's shares this week after it signed an agreement to acquire the RAMS portfolio from Westpac Banking Corp (ASX: WBC). The portfolio comprises approximately $21.4 billion in residential mortgages. Management highlights that the "transaction aligns with Pepper Money's strategy to grow its capital-light servicing business, which provides annuity-style earnings, operational scale and diversification benefits."

The post Why Domino's, DroneShield, Imricor, and Pepper Money shares are storming higher today appeared first on The Motley Fool Australia.

Motley Fool contributor James Mickleboro has positions in Domino's Pizza Enterprises. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Domino's Pizza Enterprises and DroneShield. The Motley Fool Australia has recommended Domino's Pizza Enterprises. 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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