Tata Global Beverage favourite fundamental stock: HDFC Sec

VK Sharma of HDFC Securities said Tata Global Beverage was a favourite fundamental stock.

Sharma told CNBC-TV18, “Tata Global Beverage is a favourite fundamental stock. We recommended it at around Rs 130. It went up to something like more than Rs 180 and now it has come back again at around Rs 149-150.”
“My suggestion here is to buy 150 call at around Rs 5. Yesterday it closed at Rs 6.5 so maybe there is some discretion in terms of buying and one should hold on till the current settlement. If the general market takes some kind of a correction, I think this is a sector which could do well. Tata Global Beverage results were bad but I think that is already into the price,” Sharma added.