Dealing room buzz: Wipro, Colgate, Tech Mahindra, Tata Steel, HUL

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.

Wipro: Desks indicate domestic funds are buyers today. They expect the stock to touch Rs 490-495 levels by expiry.

The stock was at Rs 472.10, up 0.22 per cent, on the BSE. It touched a high of Rs 483 and a low of Rs 467.30 in trade today.

Colgate: Dealers are expecting strong results and commentary by parent company.

The stock was at Rs 1,289.96, up 1.22 per cent, on the BSE. It touched a high of Rs 1,312 and a low of Rs 1,274.10 in trade today.

Tech Mahindra: The company has lost British Telecom contract to Virtusa Corp.

The stock was at Rs 1,485.35, down 3.32 per cent, on the BSE. It touched a high of Rs 1,525 and a low of Rs 1,467 in trade today.

Tata Steel: Dealers expect selling over the next few weeks.

The stock was at Rs 324.05, down 2.44 per cent, on the BSE. It touched a high of Rs 330.70 and a low of Rs 324.60 in trade today.

HUL: Selling pressure is expected in the counter. Unilever results disappoint as growth slips to 4-year low.

The stock was at Rs 599.05, down 1.50 per cent, on the BSE. It touched a high of Rs 605.80 and a low of Rs 598.95 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.