Top three stocks that saw heavy demand from buyers in the pre-opening session today

These three stocks were the top gainers on BSE in the pre-opening session today.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in the green territory with a gain of 15.57 points or 0.02 per cent. By 9.15 am, the index further strengthened to 58,534.37, signifying gains of 468.9 points or 0.81 per cent. 

On the sectoral front, in the pre-opening session, metals shined by nearly 1 per cent, power strengthened by 2 per cent while auto surged by 0.15 per cent. 

Meanwhile, SpiceJet Ltd, West Coast Paper Mills, and Tasty Bite Eatables Ltd emerged as the Top Gainers of BSE in the pre-opening session today. None of these companies have made any significant announcements of late. Hence, the rally in their share prices could be driven purely by market forces.   

SpiceJet Ltd, an S&P BSE 500 company, surged 7.02 per cent to trade at Rs 41.15 apiece. This surge came after a significant announcement was made by the government on Tuesday. As per the announcement, the government modified Emergency Credit Line Guarantee Scheme (ECLGS). The intent was to enhance the maximum loan amount eligibility for airlines under ECLGS 3.0 to 100 per cent of their fund-based or non-fund-based loan outstanding as on the reference dates or Rs 1,500 crore, whichever is lower. 

West Coast Paper Mills Ltd, an S&P BSE Smallcap company, rallied 6.53 per cent to trade at Rs 526.85 apiece. 

Tasty Bite Eatables Ltd, another S&P BSE Smallcap company, climbed 3.46 per cent to trade at Rs 12,280 apiece.