UPL, Colgate, Tata Steel, Aditya Birla Sun Life AMC, Syrma SGS Buzzing On The Dealer Desk — Check Out Why

The BSE Sensex was up 1.08% at 83,645.52 and NSE Nifty 50 advanced 1.01% to 25,500.55 as of 2:35 p.m. on Thursday. NDTV Profit 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 UPL Ltd., Colgate-Palmolive Co., Tata Steel Ltd., Aditya Birla Sun Life AMC and Syrma SGS.

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:

UPL

The stock is among the top losers in futures and options. Dealers indicate that the buzz of some potential write-off related to Brazil unit is the reason behind the decline.

Colgate

Dealers indicate that the stock is down owing to rumour of weak Q1 earnings, but few large high net-worth individuals have been accumulating the counter at lower levels.

Tata Steel

There are sell flows on higher levels on expectations of steel price cut.

Aditya Birla Sun Life AMC

Dealers expect the company to see better AUM growth compared to peers and hence there are some buy flows on institutional desk at lower level in trade today.

Syrma SGS

There is a buzz on the street that the company might soon announce an important acquisition.

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.