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 green with a gain of 96.52 points or 0.14 per cent. By 9.15 am, the index stood at 71,437.35 signifying a decline of 113.32 points or 0.18 per cent over its previous closing. 

On the sectoral front, in the pre-opening session, metals fell by 0.08 per cent, power gained 0.12 and auto rose by 0.29 per cent. 

Meanwhile, Bajaj Hindusthan Sugar Ltd, Praj Industries Ltd and Shree Renuka Sugars Ltd emerged as the Top Gainers of BSE in the pre-opening session today. 

Bajaj Hindusthan Sugar Ltd, an S&P BSE company, surged 8.54 per cent to trade at Rs 30.36 apiece.  

Praj Industries Ltd rallied 8.42 per cent to trade at Rs 587.95 apiece.  

Shree Renuka Sugars Ltd, an S&P BSE company, climbed 7.55 per cent to trade at Rs 50.31 apiece.

Facing pressure from the sugar industry, the food ministry reversed its recent ban on using sugarcane juice for ethanol production in the 2023-24 supply year. This sudden policy shift, announced via a fresh order, allows mills to utilize both juice and B-heavy molasses for the green fuel, leading to a rally in sugar stocks. Notably, just this past December 5th, the ministry had directed sugar mills and distilleries to expect revised ethanol allocations from oil marketing companies, hinting at a potential easing of the ban.

Disclaimer: The article is for informational purposes only and not investment advice.