Heard On The Street: Dealers Spot Action In Ireda, Walchandnagar, Sigachi, Torrent Power Among Others

NDTV Profit India has been tracking the action in the top dealing rooms of India’s financial capital, and this edition of ‘Heard On The Street’ provides you with buzzing action on stocks like Ireda, Walchandnagar, Sigachi, Torrent Power, Godrej Properties and IGL.

Heard On The Street provides readers with what well-informed investors, especially HNIs, FIIs, DIIs, and mutual funds, are buying and selling in the stock market. It also tracks the latest unconfirmed/unverified chatter around stocks and/or sectors.

NDTV Profit picked up the following cues from the dealing room chatter during trade:

Ireda

Dealers indicate that the company will soon launch a fundraise.

Walchandnagar

An influential investor has been accumulating this counter as per dealer checks.

Sigachi

There is buzz on the street that the company will soon announce a fundraise via private placement. The shares might be issued at a premium to the private investors.

Torrent Power

Dealers indicate the company might succeed in its bid to acquire JP Power which is currently under NCLT.

Godrej Properties and IGL

There are strong buy flows on the DII and HNI desks at lower levels for both these counters, and delivery volumes are expected to be on the higher side. Both stocks have gained more than 2% from their day’s lowest point.

Disclaimer: The mentioned stocks capture NDTV Profit's dealing room channel checks during trading hours. The information provided is for informational purposes. However, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the information. This content does not constitute financial, investment, or trading advice and should not be construed as a recommendation to buy, sell, or hold any securities.