HomeNewsBusinessStocksBuy Apollo Hospitals 1400 Call, Wockhardt 1650 Call: Sharma

Buy Apollo Hospitals 1400 Call, Wockhardt 1650 Call: Sharma

VK Sharma of HDFC Securities is of the view that one can buy Apollo Hospitals 1400 Call and Wockhardt 1650 Call.

December 11, 2015 / 11:57 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

VK Sharma of HDFC Securities told CNBC-TV18, "Yesterday a huge open interest was built to the extent of 15 percent in Apollo Hospitals. The stock hasn't moved that much up, it only moved up 2 percent, the entire market being warmed up on account of the initial public offering (IPO), so similar expectation could be there in case of hospitals.""I am suggesting buying 1,400 Call at Rs 36, keep a stop loss at Rs 28 with a target around Rs 55," he added."No open interest was added in Wockhardt yesterday but during the series we have seen 18 percent open interest being added with the price being range bound. So, I am suggesting buying 1,650 Call at Rs 45 with a stop loss at Rs 35 and a target around Rs 70."

first published: Dec 11, 2015 11:47 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!