Dealing Room Buzz: Alstom, DRL, Raymond, Titan

MUMBAI: ET Now spoke to dealers on institutional and high networth investors’ activity in the dealing room. Following stocks were on their radar on unconfirmed reports.

Alstom Projects Ltd:

There is buzz that the company is likely to win a major order from Power Grid Corporation

At 10:50 am, the stock was at Rs 361, up 1.49 per cent on the BSE. The stock hit a high of Rs 364.50 and low of Rs 351.25 in trade so far.


Dr Reddy’s Laboratories Ltd:

The company may launch Seroquel drug today, say dealers. Teva and Roxane Labs are also in race for first to file.

The stock was at Rs 1705.10, up 1.49 per cent on the BSE. The stock hit a high of Rs 1707.50 and low of Rs 1680 in trade so far.

Raymond Ltd:

Institutional desks are indicating that HNI are showing interest in the stock.

The stock was at Rs 412, up 2.19 per cent on the BSE. The stock hit a high of Rs 415 and low of Rs 402.95 in trade so far.

Titan Industries Ltd:

Selling pressure seen in the stock from institutional desks. Morgan Stanley has downgraded it to ‘Underweight’ with target of Rs 198

The stock was at Rs 229.30, down 3.55 per cent on the BSE. The stock hit a high of Rs 238.30 and low of Rs 228.05 in trade so far.

Canara Bank Ltd

Dealers are accumulating the stock. There are expectations of restructuring and tariff hike in Tamil Nadu State Electricity Board.

The stock was at Rs 457, up 0.73 per cent on the BSE. The stock hit a high of Rs 458.90 and low of Rs 447.45 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