Top three stocks that saw heavy demand from buyers in the pre-opening session today

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 45 points or 0.05 per cent.

On the sectoral front, in the pre-opening session, metals jumped by 0.15 per cent, power plunged by 0.05 per cent, and auto slipped by 0.09 per cent.

Meanwhile, Maharashtra Scooters Limited, Sanghvi Movers Limited and Gujarat Mineral Development Corporation Limited emerged as the Top Gainers of BSE in the pre-opening session today.

Maharashtra Scooters Limited, an S&P BSE company, surged 4.43 per cent to trade at Rs 14,276.20 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. 

Sanghvi Movers Limited, an S&P BSE company, climbed 2.27 per cent to trade at Rs 316.05 apiece. Sanghvi Movers Limited announced that its wholly owned subsidiary, Sanghvi Movers Botswana Proprietary Limited, has secured a USD 4.3 million work order from Jindal Energy Botswana (Pty) Limited. Under the contract, the subsidiary will supply cranes along with required materials and manpower for a 4×175 MW project, scheduled to commence in Q4 FY 2025-26 and conclude by Q4 FY 2027-28. The order has been awarded by an international entity and does not fall under related-party transactions.

Gujarat Mineral Development Corporation Limited, an S&P BSE company, advanced 2.09 per cent to trade at Rs 550.00 apiece. Gujarat Mineral Development Corporation Limited (GMDC), a Government of Gujarat enterprise and a leading state-owned mining company, has taken a major step in its rare earths initiative by acquiring indigenous processing technology from the Bhabha Atomic Research Centre (BARC) for its Ambadungar Rare Earth Project. The technology, designed to produce Mixed Rare Earth Concentrate from Ambadungar’s ankeritic ore, will initially be deployed at a pilot scale with BARC’s technical support, enabling process validation, recovery optimisation, and environmental assesSMEnt. GMDC aims to strengthen India’s rare earths value chain while aligning with the Atmanirbhar Bharat vision.

Disclaimer: The article is for informational purposes only and not investment advice.