Heard On The Street: Dealers Spot Action In NALCO, Nuvama Wealth And More
Benchmark indices extended gains on Friday, trading near day's highs midday. The NSE Nifty 50 was trading up 1.23% at 24,971.35, while the BSE Sensex was 1.17% higher at 82,281.19 as of 1:38 p.m.
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 National Aluminium Co., Updater Services Ltd., Nuvama Wealth Management Ltd., and Star Health and Allied Insurance Co.
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:
NALCO
Stock gained over 3% in trade today as dealers indicate that domestic mutual funds have been an active buyer in trade today in this counter.
Updater Services
Dealers indicate that large HNIs have been accumulating the counter ahead of Q4 earnings. Updater Services will report on May 20.
Nuvama Wealth Management
Smart HNIs have started to accumulating the counter on anticipation of positive news related to promoter stake sale. Dealers indicate that the promoter has shortlisted couple of buyers and the stake sale will be happening at premium followed by an open offer.
Star Health and Allied Insurance
Large influential investor group has been a buyer off-late in this counter which led to a 15% move in the share prices in last five days. Dealers indicate that there is a buzz that the existing promoters might fully exit the company and a private health insurer could be a buyer here.
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.
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