Heard On The Street: Dealers Spot Action In PB Fintech, Vedanta, PNB Housing, Trent And More

The BSE Sensex was up 0.69% at 82,623.70 and the NSE Nifty 50 was 0.62% higher at 25,198.80 as of 12:47 p.m. on Wednesday. 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 Deccan Cement Ltd., PB Fintech Ltd., Lloyd Metal Ltd., Vedanta Ltd., PNB Housing Finance and Trent Ltd.

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:

Deccan Cement

Dealers indicate that there could be an announcement of a corporate development. The company could be acquired by a larger peer. The price indicated for acquisition by dealers is anywhere between Rs 1,100-1,200 per share. However, talks are at the initial stages.

PB Fintech

There is a buzz of a potential block deal that could happen soon.

Lloyd Metal

Dealers indicate that the company will soon receive environmental clearance for one of its plants.

Vedanta and PNB Housing

Multiple dealing rooms are suggesting their clients positional buy calls in both counters.

Trent

Dealers indicate some sell flows on foreign institutional desk at higher levels.

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.