Buy GMR Infrastructure 20 Call: VK Sharma

Buy GMR Infrastructure 20 Call, says VK Sharma, HDFC Securities.

Sharma told CNBC-TV18, "Midcap infrastructure stocks appear to be small although the risk is pretty high, I think GMR  Infrastructure is one such stock which did well on Friday and fairly active in the auction space also. I am suggesting  buying the 20 Call at around 70 paisa and keep a stop loss around 40 paisa and you can hope to double your money in  terms of being able to sell it around Rs 1.05 premium. Buying at dips is the strategy here."
He further added, "In United Phosphorous a lot of accumulation had happened in the month of December between  levels of Rs 123-127. At Rs 129 it is about to pierce out of the level of Rs 130 which is a small resistance and  positions were built. This is also one of the sectors which the market likes, so I am suggesting buying the 130 Call at  around Rs 4.50, Rs 0.50 lower than what it quoted on Friday with a stop loss of Rs 3 and you can hope to sell in the  month of January at a price of around Rs 10 making something like Rs 5.5-6 in the process."
"Wipro is not a Call on technology, essentially the stock is doing well ahead of delisting date, ex date of the business  which the shareholders will get. So positions were built, so just for the short-term I am suggesting buying the 400 Call  at around Rs 6, keep a stop loss of Rs 3 and hope to double your premium by selling it at Rs 12, so it is essentially for  the short-term."