Top three stocks that saw heavy demand from buyers in the pre-opening session today
hese 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 380.52 points or 0.53 per cent. By 9.15 am, the index stood at 71,954.11 signifying a gain of 308.81 points or 0.43 per cent over its previous closing.
On the sectoral front, in the pre-opening session, metals rose by 0.74 per cent, power gained 0.83 and auto rose by 0.24 per cent.
Meanwhile, Housing & Urban Development Corporation Ltd, NBCC (India) Ltd and Texmaco Rail & Engineering Ltd emerged as the Top Gainers of BSE in the pre-opening session today.
Housing & Urban Development Corporation Ltd (HUDCO), an S&P BSE company, surged 6.15 per cent to trade at Rs 219.05 apiece.
NBCC (India) Ltd rallied 5.60 per cent to trade at Rs 150.00 apiece.
The shares of HUDCO and NBCC rallied as the Finance Minister Nirmala Sitharaman, during her interim Budget speech pledged to deliver two crore new houses within the next five years. HUDCO, the government-owned enterprise, offers financial support for projects related to housing and urban infrastructure development. Whereas, NBCC is engaged in the business of project management consultancy services for civil construction projects (PMC), civil infrastructure for power sector and real estate development.
Texmaco Rail & Engineering Ltd, an S&P BSE company, climbed 5.51 per cent to trade at Rs 229.80 apiece. The company recently announced its financial results for the quarter ended December 31, 2023 with 159.91 per cent jump in net profit to Rs 29.37 crore from the previous year’s corresponding quarter.
DSIJ offers a service 'Value Pick' with recommendations for long term stock investment based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
Disclaimer: The article is for informational purposes only and not investment advice.