The markets have witnessed muted trade on Tuesday with the Sensex and Nifty off day's highs 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 Samhi, BHEL, Paradeep Phosphate, Coal India and IT stocks.
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:
Samhi Hotels
Nearly 3.94% equity changed hands of the hotel chain operator in trade today. Dealers indicate that it was largely a clean-up trade by one of the pre-IPO holders, and buyers are likely a global asset management company and a domestic mutual fund that already own a stake in the company.
BHEL and Paradeep Phosphates
Dealers indicate there is delivery-based buying by foreign investors in both these counters.
Coal India
Share prices of India's largest coal producer fell over 2% from the day's high on the back of sell flows on large high-net-worth individual desks in anticipation of weak volume off-take despite improvement in power demand.
L&T Tech, KPIT Tech and Tata Tech
Multiple dealing rooms suggest buying L&T Tech and selling KPIT Tech and Tata Technologies as a trade. L&T Tech is a diversified ER&D play, while KPIT Tech and Tata Tech's growth rates are challenged due to their 100% auto exposure.
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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