Dealing room buzz: Adani Ent, Indian Hotels, Lupin, Neuland Labs

MUMBAI: ET Now spoke to dealers on institutional and high net worth investors’ activity in the dealing room. The following stocks are on their radar on market buzz.

Adani Enterprises: UBS has downgraded the stock to 'Sell' from 'Buy'. Risk-reward looks unfavourable post 70 per cent returns in three months.
The company’s power business weighs heavily on the consolidated entity.

The stock was at Rs 253.95, down 1.74 per cent, on the BSE. It touched a high of Rs 262.25 and a low of Rs 251.65 in trade today.

Indian Hotels: Analysts see deep value in the stock as the company plans to raise room rates by 8-10 per cent.

The stock was at Rs 58.85, up 0.34 per cent, on the BSE. It touched a high of Rs 59.60 and a low of Rs 57.80 in trade today.

Lupin: Dealers are buying shares for intraday trade. The company may announce overseas acquisitions soon.

The stock was at Rs 911.20, up 2.20 per cent, on the BSE. It touched a high of Rs 919.45 and a low of Rs 888 in trade today.

Neuland Labs: Recent management roadshows has led to strong investor interest, say dealers.

The stock was at Rs 361.35, up 17.06 per cent, on the BSE. It touched a high of Rs 365 and a low of Rs 315 in trade today.

Peninsula Land: HNIs are active buyers in trade. Dealers expect 15-20 per cent short term gains.

The stock was at Rs 38.95, up 2.10 per cent, on the BSE. It touched a high of Rs 39.60 and a low of Rs 37.40 in trade today.

Disclaimer: The above report is based on market buzz and information given by dealers. Please consult your financial advisor before taking any position in the stocks mentioned.