Buy Bombay Dyeing around Rs 556: VK Sharma

Sharma told CNBC-TV18, "Bombay Dyeing along with Century and Raymond continues to be one of those plays which apart from textiles it also happens to be a land play. So although I would like to recommend options here but they are not liquid."

He further added, "My sense is one will have to look at stock future. Bombay Dyeing closed at Rs 559 yesterday. I am suggesting that investor wait for Rs 3 for the stock to come down and may be one can buy at around Rs 556 with a stop loss of Rs 550 and then hope to sell at around gain of Rs 14 on this and that stop loss have to be kept."