Heard On The Street: Dealers Spot Action In IIFL Finance, Indus Towers, Asian Paints And More
This edition of ‘Heard On The Street’ provides you with buzzing action on stocks like IIFL Finance, Indus Towers, Selan Exploration, Asian Paints, Syrma SGS and Jubilant Ingrevia.
Indian markets have been trading in the red on Tuesday, giving up Monday's ceasefire gains. The NSE Nifty 50 and the BSE Sensex declined over 1% and are trading near day's lows 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 IIFL Finance, Indus Towers, Selan Exploration, Asian Paints, Syrma SGS and Jubilant Ingrevia.
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:
IIFL Finance
IIFL Finance share prices rose after a foreign broking firm, HSBC, upgraded its rating on the stock. Dealers indicate that there is buzz of a potential fundraise announcement. The company could raise up upto Rs 400 crore from investors, and Fairfax could be a lead investor.
Indus Towers
Dealers indicate that the company will soon come out with a potential dividend announcement.
Selan Exploration
Largeh-net-worth individuals have started to accumulate this counter as per dealers. The merger approval with the promoter entity could be the potential trigger for Selan.
Syrma SGS and Jubilant Ingrevia
Dealers indicate that smart investors have started to take buy positions ahead of Q4 earnings. Both the companies will be reporting their earnings today.
Asian Paints
There is a buzz of a potential block deal happening soon in Asian Paints. Dealers indicate that Siddhant Commercial, which is an RIL-related entity, owns 5% and might be looking to offload shares.
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.
