Dealing room buzz: TCS, Ranbaxy, IDFC, Sesa Goa and PGC

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.

TCS: Dealers suggest selling the stock on weak technical trends. Appreciating rupee is a concern for investors, they say.

The stock was at Rs 1,923, down 1.39 per cent, on the BSE. It touched a high of Rs 1,980 and a low of Rs 1,920.70 in trade today.

Ranbaxy Laboratories: Dealers suggest avoiding going long at current levels after the USFDA alert.

The stock was at Rs 338, down 26.08 per cent, on the BSE. It touched a high of Rs 411.55 and a low of Rs 297.25 in trade today.

IDFC: Desks indicate DII accumulation in the stock.

The stock was at Rs 97.25, up 2.10 per cent, on the BSE. It touched a high of Rs 98.75 and a low of Rs 96.90 in trade today.

Sesa Goa: Dealers say buying is likely ahead of Supreme Court hearing on Goa mining ban. The apex court hearing on Goa mining ban is scheduled for tomorrow.

The stock was at Rs 180.20, down 1.99 per cent, on the BSE. It touched a high of Rs 188 and a low of Rs 178.85 in trade today.

Power Grid Corporation: Dealers say selling by FIIs and DIIs is expected today.

The stock was at Rs 102, up 2.20 per cent, on the BSE. It touched a high of Rs 104 and a low of Rs 99.50 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.