Buyers' top three picks for today: These Group A stocks saw heavy demand from buyers in the pre-opening session
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 530.48 points. By 9.15 am, the index was trading at the level of 59,144.48, signifying a loss of 312.3 points or 0.53 per cent.
On the sectoral front, in the pre-opening session, metals and power weakened by 0.5 per cent while auto slipped by 0.75 per cent.
Meanwhile, Ashoka Buildcon, BEML Ltd, and Aptus Value Housing Finance India emerged as the Top Gainers of BSE in the pre-opening session today. Barring Ashoka Buildcon, the other two companies have not made any significant announcements of late. Hence, the rally in their share prices could be driven purely by market forces.
Ashoka Buildcon Ltd, an S&P BSE Smallcap company, surged 5.5 per cent to trade at Rs 87 apiece. On Wednesday, the company received a letter of acceptance (LoA) from South Western Railway (SWR) for the construction of a new BG line between chainage 1,92,000 and chainage 1,71,640.
The project scope includes electrical & telecommunication works between Tolahunse (ex.) and Bharmasagar (ex.) stations on engineering, procurement & construction (EPC) mode. The accepted bid project cost for the project is Rs 258.12 crore. The completion period is 24 months from the appointed date.
Meanwhile, BEML Ltd rallied 5.21 per cent to trade at Rs 1,640 apiece.
At the same time, Aptus Value Housing Finance India Ltd, an S&P BSE 500 company, climbed 3.81 per cent to trade at Rs 309 apiece.