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 red with a loss of 229.37 points or 0.37 per cent. By 9.15 am, the index was trading flat at the level of 60,768.51.
On the sectoral front, in the pre-opening session, metals shined by 0.53 per cent, power weakened by 0.05 per cent whereas auto surged by 0.29 per cent.
Meanwhile, MAS Financial Services Ltd, Sona BLW Precision Forgings Ltd and Sindhu Trade Links Ltd emerged as the Top Gainers of BSE in the pre-opening session today. Barring Sona BLW Precision Forgings Ltd, the other two companies have not made any significant announcements of late. Hence, the rally in their share prices could be driven purely by the market forces.
MAS Financial Services Ltd, an S&P BSE 500 company, surged 5.78 per cent to trade at Rs 854.95 apiece.
Sona BLW Precision Forgings Ltd (Sona Comstar), an S&P BSE 200 company, rallied 5.56 per cent to trade at Rs 446 apiece.
Yesterday, the company reported that it has signed an agreement to acquire a 54 per cent equity stake in NOVELIC, a Serbia-based company that is a leading provider of mmWave radar sensors, perception solutions and full-stack embedded systems.
The acquisition is expected to be EPS accretive for Sona Comstar from first year and offers strong growth opportunities over the medium term.
Sindhu Trade Links Ltd climbed 3.82 per cent to trade at Rs 23.10 apiece.