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 444.67 points or 0.74 per cent. By 9.15 am, the index was trading at the level of 59,318.89, signifying a loss of 327.26 points or 0.55 per cent.   

On the sectoral front, in the pre-opening session, metals got hammered by 0.3 per cent, power strengthened by 0.16 per cent whereas auto slipped 0.27 per cent.   

Meanwhile, Forbes & Company Ltd, Central Bank of India, and TCNS Clothing Co. Ltd emerged as the Top Gainers of BSE in the pre-opening session today.   

Forbes & Company Ltd rallied 9.55 per cent to trade at Rs 914 apiece. This rally comes ahead of the ex-dividend date of the company, i.e., August 24, 2022. The quantum of the dividend stands at Rs 65 per equity share, which is 650 per cent of the face value of Rs 10 per equity share.   

Central Bank of India, an S&P BSE 500 company, surged 6.15 per cent to trade at Rs 19 apiece. On Friday, the bank reported that it entered into a strategic co-lending partnership with Incred Financial Services Limited to offer loans to MSME borrowers at competitive rates, subject to compliance with the applicable law(s) including the applicable guidelines issued by Reserve Bank of India (RBI). The participation by both entities in this co-lending arrangement will result in greater expansion of the portfolio by Central Bank of India and Incred Financial Services Limited.  

TCNS Clothing Co. Ltd, another S&P BSE 500 company, climbed 3.8 per cent to trade at Rs 597.80 apiece. The company has not made any major announcements lately. Hence, the rally in its share price could be driven purely by market forces.