Buy Crompton Greaves 100 Call: VK Sharma

VK Sharma of HDFC Securities is of the view that one can buy Crompton Greaves 100 Call

Sharma told CNBC-TV18, “In Crompton Greaves we have seen positions being built slightly 2 percent, stock has also gone up by 3 percent. I am suggesting buying the 100 Call, which closed at around Rs 2.65 yesterday, buy it around Rs 2, keep a stop-loss of Re 1 and hope to sell this at around Rs 5. So, the risk reward ratio would be pretty good here i.e. 1:5.
He further added, “More importantly the overall positions that we built in stock futures per se in the current series at Rs 129 crore is the lowest that we have seen since September 2009. So, there is more elbow room for the markets to build and still not get heavy around the buying side.”