Watch the interview of TS Harihar of HRBV Client Solutions with Reema Tendulkar & Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Below is the verbatim transcript of TS Harihar's interview with CNBC-TV18
Tata Consultancy Services
"People need to wait for a bounce in Tata Consultancy Services (TCS) because the stock has corrected quite sharply in the last two days from about Rs 2,635 to about Rs 2,480. So, what we are suggesting is short TCS at around Rs 2,525 in the futures and simultaneously, you buy at 2,600 Call at about Rs 25. The moment TCS is below Rs 2,500 the maximum loss would be around Rs 100."
"We believe that after the results yesterday, the pressure on TCS should continue and probably the stock should head lower to about Rs 2,350-2,400. So, this will not only help make money on the downside, but also protect the upside in case the stock bounces up. You can always exit the Call and hold on to the short position," he said.
Bank of Baroda
"We like Bank of Baroda (BoB) for a couple of reasons. We believe that the recapitalisation that the RBI is planning is likely to benefit the public sector (PSU) bank substantially. We do expect a rate cut in August and that would mean that a lot off PSU banks are going to book treasury profits in the next couple of quarters. So, considering these, you have a predictive Put on BoB."
"We are recommending to buy on BoB futures at Rs 156 and simultaneously buy 155 Put option at Rs 5 premium. So, the maximum loss is about Rs 6 and you are profitable on this strategy above Rs 161 on Bank of Baroda," he added.
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