Shares of Poonawala Fincorp ended higher for the second straight day, gaining 1.6 percent on Friday. Shares have now gained over 35 percent this year.
Sources within the dealing rooms told CNBC-TV18 that the stock is in focus as the street anticipate a corporate development to take place in the stock soon.
The sources further added that the news may pertain to likely monetisation of the company's assets.
A Day Of Profit Booking; A Week Of Losses
After the recent outperformance, PSU Banks were also facing a bout of profit booking and the index ended lower for the first time in seven trading sessions.
FII flows were mixed on Friday with market-at-close flows seen in many largecap names.
Besides Poonawala Fincorp, here are some other stocks that have been part of the dealing room chatter today:
Aarti Industries: Shares of the specialty chemicals company ended lower for the fourth straight day on Friday. Dealers indicated that the stock saw selling pressure from FIIs. Volumes on the stock are also likely to be higher.
Fusion Micro Finance: The stock ended 3 percent lower on Friday, declining for the second day in a row. The stock will be in focus as its anchor lock-in post its IPO will open on Monday.
First Published: Dec 9, 2022 4:12 PM IST