Apr 25, 2013, 08.10 AM | Source: CNBC-TV18
VK Sharma, fundamental analyst, HDFC Securities, recommends buying IDBI Bank and Ranbaxy Laboratories.
VK Sharma (more)
Head Private Broking & Wealth Management, | Capital Expertise: F&O
Here is the edited transcript of his discussion with CNBC-TV-18
On IDBI Bank
It has seen a decent buildup of open interest of around 8 percent. In terms of price also, the stock went up by 2-2.5 percent. At Rs 86.50 it is well placed and the next resistance comes at around Rs 90. So considering the fact that 85 Call was the level at around Rs 2.2, one can buy that with a stop loss of Rs 1. Even if the stock touches the price of Rs 90, the target price of Rs 5 in the 85 Call would be achieved.
The stock has made a recent 9-week high. It closed at around Rs 456. The price went up by something like 2.5 percent. Even if one were to buy the 460 Call at around Rs 5.5 and keep a stop loss at Rs 2 it would be possible to earn a premium of Rs 7 on this. So the Call that one is buying at Rs 5.5, it would be possible to sell it around Rs 12 in a day or two itself.
L&T Finance Holdings is eyeing stake in state-run
"This fact may have a bearing in the mind of the c
The UB Group said that the loan of Rs 900 crore wa
Banks have started classifying non-viable loans as
After issuing three rounds of summons to Vijay Mal
The CBI will soon be sending judicial requests to
Ashwani Gujral of ashwanigujral.com recommends buy
Country's largest private sector lender ICICI Bank