IDFC a top pick in infra space, says VK Sharma

IDFC is a top pick in infra space, says VK Sharma, HDFC Securities.

Sharma told CNBC-TV18, “The market is showing a clear fascination for infra stocks and if one were to pick quality infra stocks then one will have to look at IDFC as a good case. The 130 call was available around Rs 2 so I will suggest buying that although the rates at which it closed yesterday was 9 but assuming that the Nifty would fall by around 50 points in the beginning so the call should be available at around Rs 2 so that can be taken and one can hope to make Rs 3 in this.”
He further added, “In terms of banks I will stick to the larger banks. ICICI Bank where long positions were built the stock also did go up but the call that I am suggesting in terms of buying in ICICI Bank is 840 call which closed at 22 yesterday so one can pitch in for buying this call around Rs 12 but in case it doesn’t come down to those levels in the first five minutes of trade and then at whatever level it is available one can buy with the stop loss of around Rs 6 here.”