Dealing room buzz: TCS, RInfra, Bajaj Auto, Tata Motors

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.

TCS: Dealers say profit booking in the stock likely to continue. Institutional desks expect better risk-reward for Infosys and Wipro.

The stock was at Rs 2,138.30, down 3.60 per cent, on the BSE. It touched a high of Rs 2,239.90 and a low of Rs 2,133 in trade today.

Reliance Infrastructure: The company is looking to divest road projects. Dealers say smart fund managers are buying into the stock.

The stock was at Rs 410.95, up 0.12 per cent, on the BSE. It touched a high of Rs 416 and a low of Rs 408.40 in trade today.

Bajaj Auto: Institutional desks suggest selling the stock on result rally. Institutional desks say that currency gains are already factored in the stock price.

The stock was at Rs 2,188.50, up 3.03 per cent, on the BSE. It touched a high of Rs 2,193.85 and a low of Rs 2,155 in trade today.

Tata Motors: Dealers say Hong Kong-based FIIs are sellers in trade. Dealers expect profit booking in the stock.

The stock was at Rs 373.50, down 4.01 per cent, on the BSE. It touched a high of Rs 386.65 and a low of Rs 373.10 in trade today.

Bharat Forge: Dealers suggest buying ahead of earnings.

The stock was at Rs 273, up 2.02 per cent, on the BSE. It touched a high of Rs 274.80 and a low of Rs 267 in trade today.

Sintex, Nestle India: Dealers suggest buying for short-term gains.

Sintex was at Rs 28.95, up 7.42 per cent, on the BSE. It touched a high of Rs 29.75 and a low of Rs 27 in trade today.

Nestle India was at Rs 5,470, up 3.50 per cent, on the BSE. It touched a high of Rs 5,515 and a low of Rs 5,300 in trade today.