Heard On The Street: Dealers Spot Action In Godfrey Phillips, HUDCO and 360 One

The markets continued their upward trajectory on Monday, with the Sensex rising as much as 1.38% and Nifty rallying 1.42% intraday. 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 Godfrey Phillips, HUDCO, and 360 One.

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 sectors.

NDTV Profit picked up the following cues from the dealing room chatter during trade:

360 One

The company’s board will be meeting tomorrow to consider fundraising. Dealers indicate that there could be a potential preferential issue to UBS India, and the deal is likely to happen at a 10-15% premium to the current market price.

Godfrey Phillip

Dealers indicate smart investors have started to accumulate the cigarette maker at lower levels in anticipation of a positive development soon.

HUDCO

A large number of influential high-net-worth individuals have been accumulating the stock today. HUDCO is a government-owned housing and infrastructure financing company that expects a 25% loan growth.

CG Power

Stock gained over 3% in trade as dealers anticipate a potential large capex/semi-conductor acquisition announcement soon.

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.