Opening spotlight: Strong Q4 results move share prices of these stocks upwards in the pre-opening session today!

The rally in the two out of the three stocks came on the back of robust Q4FY22 results and in anticipation of the same for the third stock.

In the last trading session of the week, S&P BSE Sensex opened higher by 1.57 per cent at the pre-opening bell. By 9.15 am, the index stood at the level of 54,719.50, a gain of 467 points or 0.86 per cent.   

During the pre-opening session, all the indices were trading in green. S&P BSE Midcap rose by around 1.13 per cent, S&P BSE Smallcap gained over 0.8 per cent while the broad market index S&P BSE 500 surged nearly 0.8 per cent. On the sectoral front, metals rose by 1.16 per cent, power by 1.58 per cent whereas energy gained 0.97 per cent.   

Within these 15 minutes, Kirloskar Brothers, Equitas Holdings, and West Coast Paper Mills emerged as the top gainers on BSE.  

Kirloskar Brothers Ltd, an S&P BSE Smallcap stock, surged 11.09 per cent to trade at Rs 285 apiece. The rally comes after the company held its conference call on Thursday, and declared its results for the quarter as well as the year ended March 31, 2022.   

Equitas Holdings Ltd, an S&P BSE 500 company, zoomed 7.77 per cent to Rs 100.60. This rally comes ahead of the company’s Q4FY22 as well as FY22 results, which are set to be announced on Saturday.   

West Coast Paper Mills Ltd, another S&P BSE Smallcap stock, was trading higher by 7.58 per cent to Rs 359. This rally came on the back of the results announcement for the quarter and year ended March 31, 2022. In Q4FY22, on a standalone basis, the company’s revenue from operations increased by 14 per cent YoY to Rs 1,067.3 crore whereas PAT grew 60 per cent YoY to Rs 140.51 crore.