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 148 points or 0.25 per cent. By 9.15 am, the index strengthened to 57,591.88, signifying gains of 64.78 points or 0.11 per cent.

On the sectoral front, in the pre-opening session, metals shined by 0.24 per cent, power strengthened by 0.60 per cent whereas auto slipped by 0.13 per cent.

Meanwhile, Eureka Forbes Ltd, Ramkrishna Forgings Ltd and Century Textiles & Industries Ltd emerged as the Top Gainers of BSE in the pre-opening session today. Barring Century Textiles & Industries Ltd, the other two companies have not made any significant announcements of late. Hence, the rally in their share prices could be driven purely by the market forces.  

Eureka Forbes Ltd, a S&P BSE 500 company, surged 4.05 per cent to trade at Rs 459 apiece.

Ramkrishna Forgings Ltd, a S&P BSE SmallCap company, rallied 3.55 per cent to trade at Rs 282.95 apiece.

Century Textiles & Industries Ltd, another S&P BSE 500 company, climbed 3.23 per cent to trade at Rs 643.25 apiece.

On Friday, the company reported that it has assigned/transferred the leasehold rights in the leasehold land admeasuring area of about 8,90,472.85 sq. mt. (220 acres) situated at Gujarat Industrial Development Corporation (GIDC), Gujarat, a part of Century Pulp and Paper (division of the Company) to Grasim Industries Limited (GIL) for a total consideration of Rs 254.70 crore (including GST of Rs 38.85 crore).

Since, the land was not being used and there was no proposal for use of the said land as per GIDC norms, it was thought prudent to assign/ transfer the leasehold rights to an interested party on an 'as is where is' basis. This has generated cash flow for the company.