Dealing Room Check: – Pressure was seen in realty, government companies and FMCG sector today. The three sector index slipped about a percent. Lodha and Phoenix Mills slipped 3% in realty stocks. At the same time, there was a slight beauty in Pharma. Abbott and Zidas jumped up to 5% and became the top gainers of the airfare. The results of Trent were mixed in the third quarter. The company’s revenue and profits rose 34%. However, margin showed minor pressure. The market is now awaiting the results of 5 Nifty companies including SBI, ITC. Swiggy slipped more than 5% due to increasing deficit in the third quarter. At the same time, Sula also fell 4% after the weak results. Here the dealers today gave the opinion to their clients to bet in the shares of IPCA Labs and BHEL.
Yatin Mota of CNBC-Awaaz quoted the sources of dealing rooms as saying that today the dealers have shopped in the shares of the pharma company. Dealers have given the opinion of shopping in the share of IPCA Labs to their clients. According to dealers, HNIS has been purchased in its shares today. Dealers have advised to buy BTST in stock and buy tomorrow. Dealers say that a target of Rs 1550-1560 can be seen in the stock.
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In the form of second stock, dealers today gave a beer opinion in the share of PSU company. Yatin Mota said that the dealers have given the opinion to sell in BHEL share. According to dealers, domestic funds have been selling in stock. According to dealers, the stock can show targets of up to Rs 195-200.
Disclaimer: (Information provided here is being given only for information. It is necessary to mention here that the investment in the market is subject to risks. Always consult expert before investing as an investor. It is never advised to apply here.)