Dealing room buzz: Polaris, CMC, MCX, Cox & Kings, Ranbaxy

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.

Polaris, CMC: HNIs are accumulating the stocks on strong technical trends, say dealers.

Polaris was at Rs 145, up 3.53 per cent, on the BSE. It touched a high of Rs 146.80 and a low of Rs 141.40 in trade today.

CMC was at Rs 1,705, up 4 per cent, on the BSE. It touched a high of Rs 1,730 and a low of Rs 1,642.60 in trade today.

Hexaware Technologies: Dealers indicate DII accumulation in the stock.

The stock was at Rs 138.70, up 3.01 per cent, on the BSE. It touched a high of Rs 140.10 and a low of Rs 136.90 in trade today.

Ranbaxy Laboratories: Anticipation of nod to Diovan will keep the stock active, say dealers. Strong technical trends are seen in the stock.

The stock was at Rs 488.40, up 2.02 per cent, on the BSE. It touched a high of Rs 490.15 and a low of Rs 480.50 in trade today.

MCX: Dealers recommend delivery-based buying as they expect 25-30o per cent return in next two months.

The stock was at Rs 594.85, up 3.88 per cent, on the BSE. It touched a high of Rs 610.50 and a low of Rs 560 in trade today.

Cox & Kings: Funds heard to be nibbling in the stock on expectation that earnings will improve going forward.

The stock was at Rs 131.70, down 3.55 per cent, on the BSE. It touched a high of Rs 136.40 and a low of Rs 129.85 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.)