Heard On The Street: Dealers Spot Action In IRFC, Axis Bank, Bajaj Healthcare, E-Pack Durables Among Others
This edition of ‘Heard On The Street’ provides you with buzzing action on stocks like IRFC, Axis Bank,, Bajaj Healthcare , E-Pack Durables, Astral, Supreme Industries and Finolex Industries and more.
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 IRFC, Axis Bank, Adani Enterprises, Bajaj Healthcare , E-Pack Durables, Astral, Supreme Industries and Finolex Industries.
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:
Astral, Supreme Industries and Finolex Industries
Dealers indicate that there has been a price hike of Rs 1.5/kg in PVC resin prices after five months of decline. An uptick in prices could benefit pipe-makers in terms of inventory gains and margins.
ITC
Dealers indicate that there is a potential chatter of a block deal happening in ITC soon. British American Tobacco, which owns close to a 25.4% stake, might look to offload some of it.
IRFC
There is a strong buying interest on the domestic institutional desk as per dealer check.
Axis Bank and Adani Enterprises
Dealers indicate that there are buy flows on the foreign institutional desk in both these counters in trade today.
Bajaj Healthcare and EPack Durables
Dealers indicate that many smart investors have been accumulating Bajaj Healthcare and E-Pack Durables on expectations of strong Q4 earnings. Bajaj Healthcare will be reporting earnings today, while E-Pack will report earnings on May 27.
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.
