Dealing Room Check: – IT stocks showed their strength in today’s weak market. After JP Morgan’s outperform rating, personal systems saw a jump of more than 4%. Along with this, there was a strength of up to two percent in Tech Mahindra, LTI Mindtree and LTTS. Capital Goods and PSU sector stocks saw the most pressure today. Both sector index slipped from one and a half percent. In PSUs, shares of BHEL, HAL and BEL slipped three to five percent. Along with this, realty and auto also saw a decline. Here the dealers today gave their opinion to their clients to bet in the shares of Kotak Bank and Grasim.
Yatin Mota of CNBC-Awaaz quoted the sources of the dealing rooms as saying that today the dealers have shopped in the bank shares. Dealers have given the opinion of shopping in Kotak Bank shares to their clients. According to dealers, the stock has purchased domestic funds today. Dealers have advised to buy BTST in stock and buy tomorrow. Dealers say that the stock can be seen in a target of Rs 1980-1990.
In the form of second stock, dealers also gave a bullish opinion in the shares of cement company today. Yatin Mota said that the dealers have advised to shop in Grasim’s share. According to dealers, there has been a purchase in the stock from HNIS. Dealers say that short coverings have been seen in the stock today. According to the dealers, the stock can show targets of up to Rs 2500-2525.
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.)