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 247.14 points or 0.37 per cent. By 9.15 am, the index stood at 65,946.81 signifying a loss of 49 points or 0.07 per cent over its previous closing.
On the sectoral front, in the pre-opening session, metals rose by 0.24 per cent, power gained 0.12 and auto fell by 0.02 per cent.
Meanwhile, FDC Ltd, Sundram Fasteners Ltd and Varroc Engineering Ltd emerged as the Top Gainers of BSE in the pre-opening session today.
FDC Ltd, an S&P BSE company, surged 8.71 per cent to trade at Rs 422.00 apiece. The rally was on the back of strong quarterly performance of the company for the quarter ended June 30, 2023. Net profit jumped by 56.6 per cent to Rs 110 crore while operating revenue increased by 8.4 per cent to Rs 536 crore on YoY basis.
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Sundram Fasteners Ltd rallied 5.55 per cent to trade at Rs 1249.95 apiece. The company has not made any significant announcements of late. Hence, the rally in the share price could be driven purely by the market forces.
Varroc Engineering Ltd, an S&P BSE company, climbed 5.06 per cent to trade at Rs 360.15 apiece. The company also announced its financial results for the quarter ended June 30, 2023. The company posted net profit of Rs 55 crore against the loss Rs 39 crore from previous year’s same quarter. Revenue was up by 10 per cent to Rs 1,792 crore.
Disclaimer: The article is for informational purposes only and not investment advice.