Heard On The Street: Dealers Spot Action In Paytm, Eternal, Chambal Fertilisers, Zaggle And More
This edition of ‘Heard On The Street’ provides you with buzzing action on stocks like Paytm, Ethernal, Aditya Birla Fashion, Chambal Fertilisers, Shakti Pumps, Zaggle and Goldiam International.
The markets saw subdued trade on Thursday, with the NSE Nifty 50 trading near day's lows and the BSE Sensex similarly in the red 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 Paytm, Zomato's parent Ethernal, Aditya Birla Fashion, Chambal Fertilisers, Shakti Pumps, Zaggle and Goldiam International.
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:
Paytm and Eternal
Dealers indicate that there is a buzz of a potential block deal by Antfin – an Alibaba group company – in both the companies. Antfin owns close to a 9.85% stake in One 97 Communications and a 1.95% stake in Zomato-owned Eternal.
Aditya Birla Fashion
There are buy flows on the mutual fund desk, and dealers are expecting a positive development soon.
Aarti Pharma
There are buy flows in the cinnter on anticipation of some long-term order for its key product.
Chamba Fertilisers
Dealers indicate that high-net-worth individuals continue to sell this counter at higher levels.
Shakti Pumps and Zaggle
Delivery-based buying is seen on largeh-net-worth individuals' desks ahead of Q4 numbers. Shakti Pumps and Zaggle will be reporting their Q4 earnings on May 9 and May 12, respectively.
Goldiam International
Dealers indicate that influential investors have started to accumulate counter, as it could be a big beneficiary of the India-UK FTA and the potential India-US trade deal.
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.
