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 513.68 points or 0.63 per cent. By 9.15 am, the index stood at 82,446.84 signifying a gain of 312.23 points or 0.38 per cent over its previous closing.
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On the sectoral front, in the pre-opening session, metals jumped by 0.38 per cent, power zoomed by 0.45 and auto soared by 0.33 per cent.
Meanwhile, Shree Renuka Sugars Ltd, Praj Industries Ltd and Bajaj Hindusthan Sugar Limited emerged as the Top Gainers of BSE in the pre-opening session today.
Shree Renuka Sugars Ltd, an S&P BSE company, surged 9.7 per cent to trade at 52.01 apiece. Sugar stocks are expected to rise due to the government's decision to lift the ban on the diversion of B heavy and C heavy molasses, allowing increased ethanol production. Ethanol manufacturing companies also received approval to purchase rice for ethanol production, benefiting companies like Shree Renuka Sugars Ltd, Praj Industries Ltd and Bajaj Hindusthan Sugar Limited.
Praj Industries Ltd rallied 7.64 per cent to trade at Rs 785 apiece. Sugar stocks are expected to rise due to the government's decision to lift the ban on the diversion of B heavy and C heavy molasses, allowing increased ethanol production. Ethanol manufacturing companies also received approval to purchase rice for ethanol production, benefiting companies like Shree Renuka Sugars Ltd, Praj Industries Ltd and Bajaj Hindusthan Sugar Limited.
Bajaj Hindusthan Sugar Ltd, an S&P BSE company, climbed 6.70 per cent to trade at Rs 43.47 apiece. Sugar stocks are expected to rise due to the government's decision to lift the ban on the diversion of B heavy and C heavy molasses, allowing increased ethanol production. Ethanol manufacturing companies also received approval to purchase rice for ethanol production, benefiting companies like Shree Renuka Sugars Ltd, Praj Industries Ltd and Bajaj Hindusthan Sugar Limited.
Disclaimer: The article is for informational purposes only and not investment advice.