Heard On The Street: Dealers Spot Action In GE Shipping, LIC Housing, Premier Energies And PSU Stocks

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 GE Shipping, LIC Housing, Apar Industries, Premier Energies and PSU Stocks.

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:

GE Shipping

Stock gained more than 7% in trade as dealers indicate that there is a buzz of a potential buyback announcement. GE Shipping has net cash of Rs 5860 crore – 40% of market capitalisation.

LIC Housing

Dealers indicate that smart investors are accumulating the counter as it is the cheapest housing finance NBFC, and the growth guidance given is quite strong.

Apar Industries

Dealers indicate that a large prominent foreign institutional investor has been a buyer in this counter. Apar Industries stock has gained more than 45% in the last eight sessions.

PSU Stocks – BEML, Cochin Shipyard, Garden Reach, IRCON and RITES

Dealers indicate that it is the PSU-focused mutual fund schemes like Aditya Birla, Invesco, ICICI Prudential, Quant and SBI that have been buying in trade.

Premier Energies

Dealers indicate that few HNIs have been accumulating the counter on expectations of strong Q4 earnings. Premier will report its earnings on May 17.

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.