Dealing Room Check:- After three days of rise, selling again appeared dominant in the market. The market was disappointed with management’s tepid commentary on further growth. This made the stock the top loser in futures with a fall of more than 5%. However, the company’s Q3 results were as per estimates. LTIM shares also slipped 2% after the results. After weak results, Axis Bank fell to 13-month low. The stock slipped nearly 5%. Bank deposit and loan growth reached its lowest level in nearly 15 quarters. Here the dealers today Aurobindo Pharma and BEL Advised his clients to bet in the shares of Rs.
CNBC-Awaaz’s Yatin Mota quoted sources in the dealing rooms as saying that today dealers have bought shares in the pharma sector. Dealers have advised their clients to buy shares of Aurobindo Pharma. According to dealers, domestic funds have bought this stock. Dealers have advised to buy BTST in stock i.e. today and sell tomorrow. Dealers have given targets of Rs 1190-1200 for the stock.
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As for other stocks, dealers today gave bullish opinion on defense sector shares. Yatin Mota said that dealers have advised to buy shares of BEL. According to dealers, there has been purchasing of defense shares by HNIs. According to dealers, the stock may see a target of Rs 288-290. According to dealers, short-covering was seen in the shares in the futures market.
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