Top three stocks that witnessed 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 at a gain of 186 points or 0.35 per cent. However, by 9.15 am, the index lost over 364 points or 0.69 per cent to trade at the level of 52,167.95.   

On the sectoral front, metals got hammered by nearly 0.6 per cent, power strengthened by 0.2 per cent while energy tanked around 0.5 per cent.   

Meanwhile, Jain Irrigation Systems Ltd, Gulf Oil Lubricants India Ltd, and KNR Constructions Ltd emerged as the Top Gainers of BSE in the pre-opening session today. Barring Jain Irrigation Systems, the other two companies have not made any announcements lately. Hence, the rally in their share prices could purely be driven by market forces.      

Jain Irrigation Systems Ltd, an S&P BSE Smallcap company, rallied 12 per cent to trade at Rs 42 apiece. On Tuesday after the market hours, the company announced that its wholly-owned subsidiary JITBV will merge its international irrigation business with Rivulis Pte Ltd, (a part of Singapore-based Temasek Group). As a part of this development, the company agreed to sign a licence and supply agreement along with a trademark licence agreement with the merged entity.  

Gulf Oil Lubricants India Ltd, another S&P BSE Smallcap company, surged 8.39 per cent to trade at Rs 425 apiece.   

KNR Constructions Ltd, an S&P BSE 500 company, climbed 7.08 per cent to trade at Rs 232.30 apiece.