Opening spotlight: These small cap stocks saw surge in their share prices amid falling markets!

These Group A stocks saw heavy demand from buyers in the pre-opening session today.

The retail inflation figures for the month of May came out last evening. The Consumer Price Index (CPI), a measure of this inflation, stood at 7.04 per cent, lower from the 8-year high of 7.79 per cent in April.  

At the pre-opening bell today, the frontline index S&P BSE Sensex opened at a loss of over 229 points or 0.43 per cent. By 9.15 am, Sensex recouped some of it losses and closed nearly 175 points, or 0.33 per cent down.

On the sectoral front, metals got hammered by around 0.7 per cent, oil & gas tanked marginally by 0.04 per cent whereas the power sector got cut down by nearly 0.5 per cent.  

Meanwhile, Sunflag Iron & Steel Co., Paisalo Digital and Sasken Technologies, emerged as Top Gainers in the pre-opening session today.   

Sunflag Iron & Steel Co. Ltd, an S&P BSE SmallCap company, gained 3.89 per cent to trade at Rs 97.40 apiece. The reason for this rally is unclear as no major announcement has been made by the company lately.  

Paisalo Digital Ltd, another S&P BSE SmallCap company, surged 3.77 per cent to trade at Rs 796 apiece. Yesterday, after market hours, the company announced the approval of some resolutions, with one resolution being the stock splitting of 1 share into 10 shares.  

At the same time, the shares of Sasken Technologies Ltd in SmallCap space, were trading higher by 3.71 per cent to trade at Rs 799 apiece. The reason for this rally is unclear as no major announcement has been made by the company lately.