Dealing Room Buzz: Tata Steel, Hindalco, ITC, Bharti Airtel

MUMBAI: ET Now spoke to dealers on institutional and high net worth investors’ activity in the dealing room. Following are the stocks that the dealers expect to be in action in the near term.

Tata Steel

Nomura has upgraded ‘Metals’ sector to 'overweight.' The stock is likely to be in action as the brokerage maintained 'buy' rating.

The stock was at Rs 301.20, up 0.33 per cent, on the BSE. It touched a high of Rs 304.50 and a low of Rs 290.20 in trade today.

ITC:

Dealers expect 2-3 per cent downside as FIIs are selling the stock in trade today.

The stock was at Rs 301.20, up 0.33 per cent, on the BSE. It touched a high of Rs 304.50 and a low of Rs 290.20 in trade today.

Hindalco:

Dealers are expecting buy orders following KM Birla’s plans to raise stake. The stock is available at attractive valuation, they say.

The stock was at Rs 94.80, up 1.55 per cent, on the BSE. It touched a high of Rs 96.30 and a low of Rs 93.55 in trade today.

Reliance Communications:

Dealers suggest shifting positions from Reliance Communications to Bharti Airtel.

The stock was at Rs 113.55, down 0.96 per cent, on the BSE. It touched a high of Rs 116 and a low of Rs 111 in trade today.

Bharti Airtel:

Domestic fund managers are buying Bharti Airtel in small quantities on declines.

The stock was at Rs 304.45, up 1.96 per cent, on the BSE. It touched a high of Rs 308.35 and a low of Rs 295 in trade today.

Sun Pharma:

Dealers suggest buying the stock post recent correction.

The stock was at Rs 486.60, up 0.85 per cent, on the BSE. It touched a high of Rs 491.25 and a low of Rs 475.60 in trade today.

Disclaimer: The following stock recommendations are based on inputs from dealers with various brokerages. . Please consult your financial advisor before taking any position in the stocks mentioned.