Heard On The Street: Dealers Spot Action In Titan, Biocon, Voltas And JSW Energy
This edition of ‘Heard On The Street’ provides you with buzzing action on stocks like Titan, Biocon, Voltas and JSW Energy.
The Sensex and Nifty pared the day's lows as markets traded in the red on Wednesday. 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 Titan, Biocon, Voltas and JSW Energy.
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:
Titan
Dealers indicate that large high-net-worth individuals have been selling the counter at higher levels ahead of Q4 earnings.
Biocon and Voltas
Mutual funds have been buying Biocon and Voltas as per the dealing room checks. For Voltas specifically, the worst seems to be priced in. In the last couple of months, we have seen the share price falling from Rs 1500 levels to around Rs 1200 levels.
JSW Energy
Of late, the share prices of JSW Energy fell from Rs 510 to around Rs 465, owing to sell flows on the FII desk. However, dealers now indicate that the selling seems to be over.
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.
