Amid bleeding markets, these stocks were a hit among investors in the pre-opening session today!

One of these companies’ wholly-owned subsidiary has secured a funding of Rs 2,200 crore from ADIA.

At the pre-opening bell today, the frontline index S&P BSE Sensex opened in red at a loss of 25.59 points or 0.05 per cent. By 9.15 am, the loss extended to 1.15 per cent or 635.53 points.   

Similarly, all the major indices were trading in the red. On the sectoral front, metals got hammered by nearly 1 per cent, power was struck by over 0.6 per cent whereas energy was down by more than 1 per cent. Further, the broad market index S&P BSE 500 was down by 0.84 per cent.  

Meanwhile, TVS Motor Company, IIFL Finance, and Future Retail emerged as the Top Gainers from Group A in the pre-opening session today.  

TVS Motor Company Ltd, an S&P BSE 200 company, nearly hit its upper circuit of 10 per cent on the bourses. At 9.07 am, the shares of the company were trading at Rs 840 apiece, an increase of 9.95 per cent over its previous close.  

IIFL Finance Ltd, an S&P BSE 500 company, soared 8.21 per cent to trade at Rs 356 apiece. This rally comes after the company made an announcement on Thursday after the market hours. As per the press release, the company’s wholly-owned subsidiary, IIFL Home Finance Limited entered into definitive agreements for raising Rs 2,200 crore of primary capital for a 20 per cent stake from a wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA).   

Future Retail Ltd, an S&P BSE Smallcap company, surged 4.94 per cent on BSE to trade at Rs 8.07 apiece in the pre-opening session. The reason for this rally is unclear as no major announcement has been made by the company lately.