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 537.00 points or 0.73 per cent. By 9.15 am, the index stood at 74,287.67 signifying a gain of 402 points or 0.54 per cent over its previous closing. 

On the sectoral front, in the pre-opening session, metals rose by 1.42 per cent, utilities gained 1.15 and power up by 1.05 per cent. 

Meanwhile, Sapphire Foods India Ltd, Suryoday Small Finance Bank Ltd and Shivalik Bimetal Controls Ltd emerged as the Top Gainers of BSE in the pre-opening session today. 

Sapphire Foods India Ltd, an S&P BSE company, surged 12.64 per cent to trade at Rs 1699.95 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. 

Suryoday Small Finance Bank Ltd rallied 6.32 per cent to trade at Rs 178.35 apiece. The Bank has witnessed robust growth in all performance parameters, both sequentially as well as on YoY basis. The disbursements in FY’24 stood at over Rs 6,900 crores as compared to Rs 5,083 crores in FY23(Y-on-Y growth of 36 per cent), on the back of continued momentum in Vikas Loan as well as Retail Assets disbursements. The Bank is committed to building a strong retail liability book. The CASA Ratio has improved by 1.6 per cent [from 18.5 per cent to 20.1 per cent] and the retail deposits grew by approx. Rs 800 crores on a QoQ basis.

Shivalik Bimetal Controls Ltd, an S&P BSE company, climbed 4.74 per cent to trade at Rs 600.50 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.