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 green with a gain of 106.82 points or 0.13 per cent. By 9.15 am, the index stood at 83,574.32 signifying a gains of 389.52 points or 0.47 per cent over its previous closing. 83,574.32.
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On the sectoral front, in the pre-opening session, metals Jumped by 0.47 per cent, power zoomed by 0.64 and auto soared by 0.07 per cent.
Meanwhile, Vodafone Idea Ltd, Adani Total Gas Ltdand SBFC Finance Ltd emerged as the Top Gainers of BSE in the pre-opening session today.
Vodafone Idea Ltd, an S&P BSE company, surged 8.30 per cent to trade at 11.35 apiece. The company has concluded a mega ~USD 3.6 billion (~Rs. 300 billion) deal with Nokia, Ericsson and Samsung, for supply of network equipment over a period of three years. The deal marks the first step towards the rollout of the company’s transformative three-year capex plan of ~USD 6.6 billion (Rs. 550 billion). The capex programme is directed towards expanding the 4G population coverage from 1.03 billion to 1.2 billion, launching 5G in key markets and capacity expansion in line with data growth. The Company has continued with its existing long-term partners Nokia and Ericsson and also onboarded Samsung as a new partner.
Adani Total Gas Ltd rallied 7.15 per cent to trade at Rs 845 apiece. The Company has secured its first international financing of USD 375 million, including an initial USD 315 million, with accordion options, from five global lenders: BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation. This will support ATGL’s capital expenditure to expand its City Gas Distribution (CGD) network across 34 Geographical Areas (GAs) in 13 states, covering 14 per cent of India’s population (200 million people). The move aligns with India’s goal to increase the natural gas share in its energy basket from 6 per cent to 15 per cent by 2030, advancing a gas-based economy.
SBFC Finance Ltd, an S&P BSE company, climbed 5.91 per cent to trade at Rs 93.31 apiece. The company has got upgrade in its credit rating from ICRA Ltd.
Disclaimer: The article is for informational purposes only and not investment advice.