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 138.25 points or 0.19 per cent. By 9.15 am, the index stood at 71,081.30 signifying a gain of 58.60 points or 0.08 per cent over its previous closing. 

On the sectoral front, in the pre-opening session, metals rose by 0.38 per cent, power gained 0.59 and auto rose by 0.15 per cent. 

Meanwhile, Cochin Shipyard Ltd, Kaynes Technology India Ltd and PB Fintech Ltd emerged as the Top Gainers of BSE in the pre-opening session today. 

Cochin Shipyard Ltd, an S&P BSE company, surged 6.64 per cent to trade at Rs 935.95 apiece. The stock rallied on the back of strong financial performance for the quarter ended December 31, 2023, with net profit doubling to Rs 248.02 crore from the previous year’s corresponding quarter. The company also declared its second interim dividend of Rs 3.50 per equity share for the financial year 2023-2024.

Kaynes Technology India Ltd rallied 6.08 per cent to trade at Rs 2988.60 apiece. The company also announced its financial results for the December quarter with 98 per cent surge in net profit to Rs 45.2 core while revenue at Rs 509.3 crore, grew by 76 per cent on a YoY basis.

PB Fintech Ltd, an S&P BSE company, climbed 5.74 per cent to trade at Rs 963.95 apiece. The company reported its first quarterly profit in Q3FY24 with net profit of Rs 37.2 crore. The company's revenue from operations increased to to Rs 871 crore, signifying a YoY growth of 43 per cent.

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