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 gain of 178.76 points or 0.24 per cent. By 9.17 am, the index stood at 75,637.17, signifying a loss of 330.22 points or 0.43 per cent over its previous closing.
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On the sectoral front, in the pre-opening session, metals dropped by 0.29 per cent, power plunged by 0.45 and auto slipped by 0.44 per cent.
Meanwhile, Signatureglobal (India) Ltd, KSB Ltd and TTK Prestige Ltd emerged as the Top Gainers of BSE in the pre-opening session today.
Signatureglobal (India) Ltd rallied 6.08 per cent to trade at Rs 1,180 apiece. The company has not issued any major announcements recently, suggesting that the share price rally may be driven solely by market forces.
KSB Ltd an S&P BSE company, surged 3.5 per cent to trade at Rs 624.90 apiece. The company has not issued any major announcements recently, suggesting that the share price rally may be driven solely by market forces.
TTK Prestige Ltd an S&P BSE company, surged 3.06 per cent to trade at Rs 697.30 apiece. The company’s Board has approved a Rs 500 crore investment over the next three financial years, starting Q4 FY 24-25. This includes Rs 200 crore for operational improvements like innovation, manufacturing, market expansion, and logistics, while Rs 300 crore is allocated for capital expenditure. The investment aims to strengthen core businesses, including pressure cookers, cookware, and kitchen appliances, along with exports. The company may engage external experts where needed. While the plan targets long-term growth and cost savings, it may impact EBITDA margins over the next eight quarters due to initial one-time expenses.
Disclaimer: The article is for informational purposes only and not investment advice.