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HomeNewsBusinessBuy ICICI Prudential 430 Call, Yes Bank 1760 Call; like Torrent Power: VK Sharma

Buy ICICI Prudential 430 Call, Yes Bank 1760 Call; like Torrent Power: VK Sharma

VK Sharma, Head of Business, Private Client Group at HDFC Securities recommends buying ICICI Prudential Life Insurance 430 Call and Yes Bank 1760 Call and likes Torrent Power, GSFC and Century Textiles and Industries.

August 14, 2017 / 11:41 IST

VK Sharma, Head of Business, Private Client Group at HDFC Securities told CNBC-TV18, "The best stock that I like for today is Torrent Power. It has seen 93 percent open interest (OI) built up. Another stock that I like is GSFC. The third stock which I like is Century Textiles and Industries. All of these are smaller stocks will do well irrespective of the market."

"ICICI Prudential Life Insurance is the larger of the lot and I am buying the 430 Call there at around Rs 11, stop loss at Rs 7 and target of Rs 20."

"I will wait for Yes Bank for a while. I am buying it slightly lower than where it closed yesterday because I think banks could still be impacted. So, I will buy the 1,760 Call at around Rs 35, on Friday it closed at Rs 38, so I am buying at Rs 3 lower, stop loss at Rs 28, with a target of Rs 52," he said.

first published: Aug 14, 2017 10:31 am

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