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 56.31 points or 0.07 per cent. By 9.15 am, the index stood at 81,713.71 signifying loss of 71.85 points or 0.09 per cent over its previous closing.    

On the sectoral front, in the pre-opening session, metals jumped by 0.07 per cent, power plunged by -0.02 and auto soared by 0.01 per cent.

Meanwhile, Bharti Airtel Ltd, Datamatics Global Services and Zydus Wellness Ltd emerged as the Top Gainers of BSE in the pre-opening session today. 

Bharti Airtel Ltd, an S&P BSE company, surged 9.88 per cent to trade at 1,269.90 apiece. This is in reference to the Buyback of upto 56,774,193 equity shares (representing ~2.107% of the total number of equity shares in the paid-up share capital) by Indus Towers Limited (‘Indus Towers’), a joint venture company in which the Company currently holds 48.95% shareholding.

The company informs that in terms of communication dated August 27, 2024 issued by Indus Towers, the shareholding of the Company in Indus Towers will increase to more than 50% (i.e. ~50.005 per ent) of its paid-up share capital, subject to completion of relevant activities within stipulated timelines for the said Buyback. Consequently, Indus Towers will become a subsidiary of the Company under the Companies Act, 2013.

TV18 Broadcast Ltd rallied 5.53 per cent to trade at Rs 50.59 apiece. Reliance and Disney announce strategic joint venture to bring together the most compelling and engaging entertainment brands in india.

Jammu & Kashmir Bank Ltd, an S&P BSE company, climbed 5.44 per cent to trade at Rs 114.40 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. 

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