Heard On The Street: Dealers Spot Action In Astral, IEX, Paytm, Polycab, KEI Industries And More

The markets have been volatile on Wednesday, with the Sensex rising 42.91 points to 76,777.80 and Nifty rallying 0.09% to 23,352.45 at the time of publishing. 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 Paytm, Polycab, KEI Industries, IEX and plastic pipe manufacturers.

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:

Dealers indicate PVC prices have been cut yet again by Rs 2 per kilogram. The total price cut between January and April 2025 now stands at Rs 9.5 per kg, while price cuts in April 2025 have been around Rs 4 per kg. These cuts could lead to inventory losses and impact margins.

IEX share prices were up over 1% in trade today on the back of buy flows on the foreign institutional investor desk.

Large high-net-worth individuals have been accumulating Paytm as dealers indicate that the company might get a payment aggregator licence soon.

Wire and cable manufacturers see buy flows on both foreign and domestic institutional desks as the street anticipates strong March quarter earnings.

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.