Buy Bata future, says VK Sharma

VK Sharma - Head Private Broking & Wealth Management at HDFC Securities told CNBC-TV18, "Bata has started moving up after a string of losses. I am suggesting buying the future because options are not very liquid here. So you buy the future at around Rs 1,252 with a stoploss at Rs 1,240 and may be hope to sell it at around Rs 1,280."

"Arvind on other hand options is liquid, so I am suggesting buying the 300 Call at around Rs 4.50 with a stoploss at Rs 2 and hope to sell it around Rs 10. Between the two, the chances are that Bata will be doing much better than Arvind in the current settlement," he said.