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 77.59 points or 0.09 per cent. By 9.15 am, the index stood at 84,843.12 signifying a loss of 70.92 points or 0.08 per cent over its previous closing.
On the sectoral front, in the pre-opening session, metals Jumped by 0.83 per cent, power zoomed by 0.36 and auto slipped by 0.04 per cent.
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Meanwhile, Delta Corp Ltd, Piramal Pharma Ltd and Reliance Power Ltd emerged as the Top Gainers of BSE in the pre-opening session today.
Delta Corp Ltd, an S&P BSE company, surged 8.24 per cent to trade at 139.90 apiece. The Board of Directors at its meeting held on September 24, 2024, have approved the demerger of its Hospitality and Real Estate Business by way of a Composite Scheme of Arrangement under Sections 230 – 232 read with Section 66 of the Companies Act, 2013. As far as The Deltin, Daman, it is proposed to execute a contract between the Resulting Company and the Company for its management and the property would continue to be owned by the Company.
The Scheme is subject to the approval of the shareholders of the Company, stock exchanges, SEBI, NCLT and such other regulatory approvals as may be required which will take between 10 to 12 months. Upon the Scheme becoming effective, all shareholders of the Company will be the ultimate beneficial owners of the Resulting Company in the same ratio as they hold shares in the Company. The shares of the Resulting Company shall be listed on the stock exchanges pursuant to the Scheme. The Scheme will have no impact on employees, customers and our business partners.
Piramal Pharma Ltd rallied 5.79 per cent to trade at Rs 229.25 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.
Reliance Power Ltd, an S&P BSE company, climbed 4.99 per cent to trade at Rs 42.06 apiece. Anil Ambani's Reliance Group, said on Monday that it plans to raise up to Rs 1,525 crore (USD 183 million) through a preferential allotment. The company aims to use the funds for business expansion and debt reduction. It will raise funds by issuing 46.2 crore shares or warrants worth Rs 33 each. Also on Turesday Shri Jai Anmol Ambani, a member of the Promoter Group, without admitting the liability has paid Rs 1 crore imposed by the Securities and Exchange Board of India vide its Order dated September 23, 2024.
Disclaimer: The article is for informational purposes only and not investment advice.