Buy SAIL around Rs 141-142: Bhamre

Buy SAIL around Rs 141-142, says Siddharth Bhamre, Angel Broking.

Bhamre told CNBC-TV18, "I have two stocks clear cut in my mind to trade with positive bias in the next 2 to 3 trading session or at least till expiry. One is SAIL we have seen that the management told that the FPO is on hold, what has happened is that lot of traders now know that whenever an FPO comes, the next month future or the current month futures straight away goes into discount because lot of hedging activity happens."
He further added, "A lot of traders had preempted that SAIL FPO would take place and they had gone short on SAIL futures. Now it