Dealing Room: Indiabulls Financials, Ranbaxy, Educomp

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:

Indiabulls Financial:

Dealers anticipate the stock to bounce back and touch Rs 225-230 levels.

The stock was at Rs 212.50, up 1.26 per cent, on the BSE. It touched a high of Rs 216.50 and a low of Rs 210 in trade so far.

Ranbaxy Laboratories:

Dealers anticipate Ranbaxy Laboratories to report strong operational performance. They expect the company to report loss on MTM and forex. The company can report over Rs 1,000-cr forex loss.

The stock was at Rs 521, up 1.10 per cent, on the BSE. It touched a high of Rs 523.50 and a low of Rs 516.60 in trade so far.

Educomp Solutions:

Desks indicate HNI accumulating the stock. See 4–5 per cent upside from current levels.

The stock was at Rs 160, up 0.57 per cent, on the BSE. It touched a high of Rs 161.35 and a low of Rs 159.25 in trade so far.

Bharti Airtel:

Large selling by FIIs seen in the counter. Nearly 17 per cent of the company’s equity is held by FIIs. The stock is down nearly 10 per cent since results and is trading at multi-year low.

The stock was at Rs 263.85, down 3.84 per cent, on the BSE. It touched a high of Rs 276.15 and a low of Rs 261.85 in trade so far.

Tree House:

Dealers are accumulating in anticipation of strong earnings. The stock is trading near life highs.

The stock was at Rs 237.45, up 1.15 per cent, on the BSE. It touched a high of Rs 238 and a low of Rs 233.50 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.