Dealing Room: Cipla, Ambuja Cements, Educomp, Bharat Forge

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.

Cipla Ltd:

CLSA upgraded Cipla to OPF (expected to outperform) from UPF (expected to underperform). It maintained a target price of Rs 360 on the stock.

The stock was at Rs 327, up 3.02 percent, on the BSE. It has touched a high of Rs 329 and a low of Rs 318.80 in trade today.

Ambuja Cements Ltd:

Dealers expect the stock to slip lower to Rs 140 level as it appears technically weak.

The stock was at Rs 145.25, down 0.72 percent, on the BSE. It has touched a high of Rs 146 and a low of Rs 144.60 in trade today.


Educomp Solutions Ltd:

Institutional desks expect shorting orders on the stock.

It was at Rs 178.55, down 4.29 percent, on the BSE. It has touched a high of Rs 186 and a low of Rs 177.30 in trade today.

Bharat Forge Ltd:

Jefferies initiated coverage on Bharat Forge with a target price of Rs 441. Dealers are bullish on the stock based on F&O trends. The company is likely to benefit from a recovery in the US truck market. Higher capacity utilisation may boost profits.

The stock was at Rs 330.20, up 2.30 percent, on the BSE. It has touched a high of Rs 330.95 and a low of Rs 320 in trade today.


Allahabad Bank:

Dealers are bullish on the stock ahead of results. They expect a target of Rs 180 per share.

The stock was at Rs 171.35, up 0.06 percent, on the BSE. It has touched a high of Rs 172.10 and a low of Rs 170 in trade today.

Disclaimer: This report is based on market talk and information given by dealers. Please consult your financial advisor before taking any position in the stocks mentioned.