Dealing room: Cipla, BEML, RIL, Infosys, Tata Steel, NMDC

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.

Cipla: FIIs are accumulating the stock, suggest dealers. BofA has assigned target of Rs 505 on the stock.

The stock was at Rs 420.20, up 2.16 per cent, on the BSE. It touched a high of Rs 423.65 and a low of Rs 413.20 in trade today.

BEML: The company is the front runner for major truck order for Pinaka rockets, say reports. The company may also bag order for 1,227 heavy trucks.

The stock was at Rs 218.30, up 3.75 per cent, on the BSE. It touched a high of Rs 222 and a low of Rs 211.50 in trade today.

RIL: Dealers suggest buying the stock on expectation that it may outperform in the next round of rally.

The stock was at Rs 893, up 1.35 per cent, on the BSE. It touched a high of Rs 893.95 and a low of Rs 880 in trade today.

NMDC: Domestic funds buyers in stock today, say dealers. They expect the company to announce higher dividend payout. Valuations of the stock are attractive at 5x FY15 EV/EBITDA.

The stock was at Rs 142.95, up 3.21 per cent, on the BSE. It touched a high of Rs 143.85 and a low of Rs 140.70 in trade today.

Infosys: FIIs are agressive buyers in the stock, say dealers. The stock is likely consolidate at Rs 3,700-3,800 levels.

The stock was at Rs 3711, up 0.61 per cent, on the BSE. It touched a high of Rs 3723.10 and a low of Rs 3678 in trade today.

Tata Steel: Dealers suggesting to buy 380 Put options. They are expecting profit booking in metals after the recent rally.

The stock was at Rs 377.75, up 0.77 per cent, on the BSE. It touched a high of Rs 379.90 and a low of Rs 375.25 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.)