Buy Arvind 160 Call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "I think better days lie ahead for Arvind and apart from heydays seen in 1992 when it saw a level of Rs 350, I am not saying that it will reach those levels but those levels are definitely going to be seen in the years to come because of the various things that will play. So one of the things that we like is the value that will be seen whenever the brand business is listed or sold for that matter but for the current settlement my sense is that we have seen positions being built."

"I am suggesting in Arvind to buy the 160 call at around Rs 4, keep a stoploss at around Rs 3 and hope to sell this at Rs 8. So, this is something which will play out and one does not have to then worry about writing a higher call. Just hold on till those levels are reached," he said.