Dealing room buzz: Infosys, Tata Steel, Dr Reddy's and Tech Mahindra

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.

Tata Steel: Dealers suggest shorting on weak technical trends

The stock was at Rs 287.95, down 1.25 per cent, on the NSE. It touched a high of Rs 290.70 and a low of Rs 284.90 in trade today.

Dr Reddy's Laboratories: Dealers are bullish after CLSA maintained 'Outperform' rating with target price of Rs 2,475. The brokerage expects the US business growth to exceed expectations.

The stock was at Rs 2,305.80, up 3.68 per cent, on the NSE. It touched a high of Rs 2,315 and a low of Rs 2,232 in trade today.

Tech Mahindra: Dealers Say FII accumulation is likely in the stock.

The stock was at Rs 1,314.75, up 2.86 per cent, on the NSE. It touched a high of Rs 1,325 and a low of Rs 2,232 in trade today.

Infosys: Dealers say trade due to weak rupee is unwinding now. They expect profit booking in the stock.

The stock was at Rs 3,010, up 0.55 per cent, on the NSE. It touched a high of Rs 3,017 and a low of Rs 2,991 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.