Buy Bata 840 Call: VK Sharma

Sharma told CNBC-TV18, "Bata India is a stock that has the ability to move beyond the broader trend of the market and we did see positions being added, the stock also did well in terms of price, technically it went up. So what my suggestion is for all the recommendations that I have for today is because we would expect that the market would open with a slight correction, so we are advising buying. This buying can be done at lower levels. So buying the 840 Call at around Rs 30, putting a stop loss at Rs 24 and hoping to make Rs 15 on this is my strategy in Bata."

The company's trailing 12-month (TTM) EPS was at Rs 31.97 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 26.07. The latest book value of the company is Rs 84.76 per share. At current value, the price-to-book value of the company was 9.83. The dividend yield of the company was 0.72%.