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 419.91 points or 0.51 per cent. By 9.15 am, the index stood at 83,389.51 signifying a loss of 441.28 points or 0.53 per cent over its previous closing.
On the sectoral front, in the pre-opening session, metals Jumped by 0.40 per cent, power zoomed by 1.06 and auto soared by 0.63 per cent.
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Meanwhile, Gujarat Ambuja Exports Ltd, Rhi Magnesita India Ltd and Reliance Power Ltd emerged as the Top Gainers of BSE in the pre-opening session today.
Gujarat Ambuja Exports Ltd, an S&P BSE company, surged 6 per cent to trade at 137.75 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.
Rhi Magnesita India Ltd rallied 5.27 per cent to trade at Rs 618 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 4.97 per cent to trade at Rs 34.62 apiece. Reliance Power Ltd, controlled by Anil Ambani, has exited the 600 MW Vidarbha Industries Power Ltd (VIPL) after pledging all its shares to CFM ARC. This move releases Reliance Power from its corporate guarantee obligations related to VIPL's Rs 3872 crore debt. CFM ARC and Axis Bank now control VIPL.
Disclaimer: The article is for informational purposes only and not investment advice.