Dealing Room Check: Mumbai’s realty stocks saw the highest growth on Monday. Lodha, Godrej Properties, and Oberoi Realty stocks rose by about 3%.
Pharma, IT, and auto stocks also saw growth. However, there was slight pressure on government banks, NBFCs, and FMCG stocks. Along with realty, cement stocks also saw a bullish mood on the second day.
JK Cement jumped 5%. Ramco Cement, UltraTech, Grasim, and Dalmia Bharat also rose 3 to 4 percent. Meanwhile, dealers advised their clients to bet on GMR Airports Infrastructure Ltd and Vedanta Ltd’s share on 2nd December.
GMR AIRPORTS
An expert quoted sources in the dealing rooms and said that dealers made purchases in the share of the infrastructure sector. The dealers have urged their customers to purchase GMR Airports Infrastructure Ltd’s share.
According to dealers, FII selling on this counter may end soon. According to dealers, a target of Rs 85-88 can be seen. HNIs have been caught buying in this stock.
VEDANTA
As another stock, dealers also gave bullish opinions in metal sector shares on Monday. Another expert stated his dealers advised customers to purchase Vedanta Ltd’s share.
Domestic funds were seen buying metal shares. Dealers have advised BTST i.e. buy on Monday and sell on Tuesday. Fresh buying was seen in the stock in the December series. Dealers have given targets of Rs 450-470 on this stock.
Quick Fact
| GMR Airports | Information |
|---|---|
| Sector | Infrastructure |
| Dealer Advice | Buy |
| Possible target price | ₹85 to ₹88 |
| Buyer type | HNIs |
| FII activity | May end soon |
| Vedanta | Information |
|---|---|
| Sector | Metal |
| Dealer Advice | Buy |
| Buying Strategy | BTST |
| Time | Monday to Tuesday |
| Fresh buying | December series |
| Buyer type | Domestic funds |
| Possible target price | ₹450 to ₹470 |
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