Buy Arvind 165 Call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "I have picked up Arvind essentially because of the fact that it has gone up steadily over the last one week. In the current settlement it would be possible to see lifetime highs for Arvind, which is still 20 percent away. I am not suggesting that investors should trade for that kind of a price rise but it is a possibility. I am suggesting buying the 165 Call at around Rs 7, stoploss at Rs 5 and target of around Rs 12 for the next 10 days."

At 11:00 hrs Arvind was quoting at Rs 313.10, up Rs 9.10, or 2.99 percent. It has touched a 52-week high of Rs 313.70.