Opening spotlight: Amid muted market sentiments, these stocks rallied in the pre-opening session!

One of these companies is set to receive total funding of USD 220 million for its next phase of growth.

The markets continue to exhibit volatility. In the pre-opening session, the movement in the frontline index S&P BSE Sensex was flat. At 9.15 am, the index was trading in the red, down by 0.23 per cent from its previous close.   

On the sectoral front, the metal sector was marginally up by 0.1 per cent whereas power lost 0.46 per cent from its previous close.  

Meanwhile, Sasken Technologies Ltd, an S&P BSE Smallcap company, gained the most in the pre-opening session today. At 9.07 am, the shares of the company were trading at Rs 894, an increase of 11.58 per cent from its previous close. 

Greaves Cotton Ltd, an S&P BSE 500 company, jumped 10.66 per cent on the bourses in the pre-opening session. Today, in the early morning, the company announced that along with Greaves Electric Mobility Private Limited (GEMPL), it has executed a share subscription agreement and a shareholders’ agreement with Abdul Latif Jameel International DMCC (investor) for a total investment of USD 220 million. The proceeds from this investment will be used to develop new products, associated technologies, and brand awareness with an aim to transform GEMPL into a leading global EV manufacturer.   

Similarly, Bank of Maharashtra, one of S&P BSE 500 companies, surged 9.51 per cent on the bourses to trade at Rs 19 apiece. The bank has a 52-week high & low of Rs 31.95 and Rs 15, respectively on BSE.