Dealing Room: Gruh Finance, JSPL, Biocon, Page Industries

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:

Gruh Finance

Strong buying is seen from domestic institutions. Dealers expect the stock to touch Rs 210 levels soon. It has gained 15 per cent in the last one month.
The stock was at Rs 181.60, up 2.02 per cent, on the NSE. It touched a high of Rs 185 and a low of Rs 178 in trade so far.

Jindal Steel and Power

The company faces threat of Jitpur coal block being cancelled. IMG is to meet today to discuss coal block cancellation. The government has issued showcause notice for insufficient progress on coal block.

The stock was at Rs 345.50, down 1.89 per cent, on the NSE. It touched a 52-week low of Rs 336.35 in trade today.

Biocon

Dealers say technical charts of Biocon are giving bullish indication. The stock may touch levels of Rs 285 in next few trading sessions.

The stock was at Rs 264.85, up 0.84 per cent, on the NSE. It touched a high of Rs 267 and a low of Rs 262 in trade so far.

Page Industries

CLSA sees volume growth to continue at 20 per cent. It rated Page as most interesting pick currently.

The stock was at Rs 3,035, up 0.93 per cent, on the NSE. It touched a high of Rs 3,068.05 and a low of Rs 3,009 in trade so far.



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.