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 120.93 points or 0.15 per cent.
On the sectoral front, in the pre-opening session, metals jumped by 0.49 per cent, power zoomed by 0.42 and auto soared by 0.11 per cent.
Meanwhile, Garden Reach Shipbuilders & Engineers Ltd, Orient Green Power Company Ltd, and Waaree Renewable Technologies Ltd emerged as the Top Gainers of BSE in the pre-opening session today.
Garden Reach Shipbuilders & Engineers Ltd, an S&P BSE company, surged 14.04 per cent to trade at Rs 2,184.00 apiece. The company has announced remarkable financial results for FY25, achieving its highest-ever revenue and profit. The company's total income reached Rs 5,411 crore, marking a substantial 39 per cent growth compared to the Rs 3,892 crore recorded in FY24. Revenue from operations also saw a significant surge, climbing to Rs 5,076 crore in FY25 from Rs 3,593 crore in the previous year, representing a 41 per cent increase. Profit After Tax (PAT) witnessed an impressive 48 per cent growth, rising to Rs 527 crore in FY25 from Rs 357 crore in FY24.
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The fourth quarter of FY25 also demonstrated exceptional performance for GRSE. Revenue from operations in Q4FY25 stood at Rs 1,642 crore, a notable 62 per cent increase from the Rs 1,016 crore reported in Q4FY24. Furthermore, the Profit After Tax (PAT) in Q4FY25 soared to Rs 244 crore, exhibiting an extraordinary growth of 118 per cent compared to the Rs 112 crore in Q4FY24. The Board of Directors has recommended a final dividend of Rs 4.90 per equity share for FY25, bringing the total dividend to 138.5 per cent of the paid-up share capital, a significant rise from the 93.6 per cent declared in the previous year.
Sterling and Wilson Renewable Energy Ltd, an S&P BSE company, rose 4.97 per cent to trade at Rs 289.40 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.
Orient Green Power Company Ltd, an S&P BSE company, gained 5.44 per cent to trade at Rs 12.98 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.