Dealing Room buzz: Cipla, Hero, Ranbaxy, IDFC, JP Associates

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

Cipla: Dealers suggest buying the stock on strong technical trends.

The stock was at Rs 421.10, up 1 per cent, on the BSE. It touched a high of Rs 424 and a low of Rs 414.20 in trade today.

Hero MotoCorp: Dealers expect monthly sales to surprise the street. ET NOW poll estimates Aug sales at 4.93 lakh units.

The stock was at Rs 2,075.90, up 2.26 per cent, on the BSE. It touched a high of Rs 2,088 and a low of Rs 2,020 in trade today.

Ranbaxy laboratories: Dealers are suggesting accumulating the stock on declines. Approval for Diovan is seen as the next big trigger.

The stock was at Rs 422.75, up 3.83 per cent, on the BSE. It touched a high of Rs 432 and a low of Rs 407.50 in trade today.

Banks: Dealers suggest buying IDFC, Axis Bank as domestic institutions are accumulating the stocks

IDFC was at Rs 82.80, up 2.35 per cent, on the BSE. It touched a high of Rs 83 and a low of Rs 80.90 in trade today.

Axis Bank was at Rs 853.90, up 2.17 per cent, on the BSE. It touched a high of Rs 864.05 and a low of Rs 836 in trade today.

Jaiprakash Associates: Dealers are buying based on strong F&O trends. They are expecting the company to soon announce some corporate action.

The stock was at Rs 34.70, up 4.83 per cent, on the BSE. It touched a high of Rs 34.85 and a low of Rs 33.10 in trade today.

IndusInd Bank: Kotak has upgraded the stock to 'Buy' with target price of Rs 430.

The stock was at Rs 369.05, up 3.38 per cent, on the BSE. It touched a high of Rs 370.45 and a low of Rs 356 in trade today.