Varun Beverages, Asian Paints, Aditya Birla Lifestyle Brands, Aurobindo Pharma Are Buzzing On Dealers' Desk

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 Varun Beverages, Asian Paints, Aditya Birla Lifestyle Brands, Aurobindo Pharma, Valor Estate and India Shelter.

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:

Varun Beverages and Asian Paints

Dealers indicate buy flows on foreign institutional desks in trade today for both the counters. For Varun Beverages specifically, dealers indicate that the underperformance shadows the fact that Africa is emerging as a key growth market & India's business continues to be steady.

Aditya Birla Lifestyle Brands

The stock has been gaining in trade on the buzz of some positive corporate development. Dealers indicate that there could be a potential fundraiser as well.

Aurobindo Pharma

Despite the negative note by Macquarie today, dealers indicate that buy flows on the institutional desk at a lower level continue.

India Shelter

There was a block deal of 50 lakh shares in trade today. Dealers indicate that Nexus Fund was the likely seller here, and demand was quite strong from insurance and mutual funds.

Valor Estate

Demerger of hotel ex-date likely will come in three-to-four days.

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.