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 112.46 points or 0.14 per cent. By 9.15 am, the index stood at 81,080.67 signifying a gain of 27.48 points or 0.03 per cent over its previous closing.
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On the sectoral front, in the pre-opening session, metals jumped by 0.25 per cent, power zoomed by 0.46 and auto soared by 0.18 per cent.
Meanwhile, Jain Irrigation Systems Ltd, KIOCL Ltd and Ambuja Cements Ltd emerged as the Top Gainers of BSE in the pre-opening session today.
Jain Irrigation Systems Ltd, an S&P BSE company, surged 3.78 per cent to trade at Rs 69.26 apiece. The company is the first company in the world to have successfully developed a Tissue Culture protocol for coffee varieties. JISL has signed a landmark MoU with the Coffee Board of India for the commercial release of the advanced high quality, disease-resistant coffee plants to growers. This collaboration is set to transform the coffee industry.
KIOCL Ltd rallied 3.41 per cent to trade at Rs 434 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.
Ambuja Cements Ltd, an S&P BSE company, climbed 3.33 per cent to trade at Rs 654 apiece. The Adani Group is expected to sell a 2.84 percent stake in Ambuja Cements on Friday through a block deal, aiming to raise approximately Rs 4,200 crore. An Adani Group entity, will sell 6.99 crore shares at a floor price of Rs 600 per share. This floor price represents a 5 per cent discount to Thursday’s closing price of ₹633. Currently, the promoter group holds a 70.33 per cent stake in Ambuja Cements, with Holderind Investments Ltd holding a 50.90 per cent stake.
Disclaimer: The article is for informational purposes only and not investment advice.