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 127.24 points or 0.21 per cent. By 9.15 am, the index further strengthened to 60,399.91, signifying gains of 101.91 points or 0.17 per cent. 

On the sectoral front, in the pre-opening session, metals were up by 0.26 per cent, power weakened 0.2 per cent whereas auto surged 0.48 per cent. 

Meanwhile, Share India Securities Ltd, Forbes & Company Ltd, and Mahanagar Telephone Ltd emerged as the Top Gainers of BSE in the pre-opening session today. Barring Mahanagar Telephone Ltd, the other two companies have not made any significant announcements of late. Hence, the rally in their share prices could be driven purely by the market forces.   

Share India Securities Ltd, an S&P BSE Smallcap company, surged 8.88 per cent to trade at Rs 1,221.7 apiece. 

Forbes & Company Ltd, which operates in multiple domains, rallied 7.45 per cent to trade at Rs 815 apiece. 

Mahanagar Telephone Ltd, another S&P BSE Smallcap company, climbed 7.34 per cent to trade at Rs 25.60 apiece. On Thursday, the company disclosed some of the key decisions approved by its chairman. These decisions included (but were not limited to): 

a) To raise the borrowing powers of the board from Rs 30,000 crore to Rs 35,000 crore. 

b) Issue of Sovereign Guarantee Bonds of Rs 17,571 crore as per the cabinet approval in respect to the revival of MTNL.