Poonawalla Fincorp, ASK Automotive, HUDCO, IndiaMart, CG Power, Among Others Are Buzzing On Dealer Desk
This edition of ‘Heard On The Street’ provides you with buzzing stocks like Poonawalla Fincorp, ASK Automotive, HUDCO, IndiaMart, Cummins, CG Power, Taj GVK, Yatharth Hospital and JM Financial.
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 Poonawalla Fincorp, ASK Automotive, HUDCO, IndiaMart, Cummins, CG Power, Taj GVK, Yatharth Hospital and JM Financial.
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:
Poonawalla Fincorp
The buzz on the street is that there could be a block deal from the old promoter soon, and most likely it will be a clean-up trade. Mayank Poddar – earlier promoter – owns close to a 2.12% stake in the company.
ASK Automotive, HUDCO, and IndiaMart InterMesh
Dealers indicate that large, high-net-worth individuals are accumulating these counters in trade.
Cummins
The company could announce an order win soon, and hence the stock has been gaining in trade as per dealer check.
CG Power
The company will soon launch a fundraise via qualified institutional placement.
Taj GVK
Dealers indicate that there is a buzz of a potential block deal in this counter.
Yatharth Hospital
As per the dealer check, the promoter of the company has been buying shares from the open market.
JMFinancial
The buzz on the street is that the company might look to sell its non-core business (lending) as its core business (fee-based income) has been doing well, and it aims to focus more on the same.
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.
