Buy BHEL 135 Call, Mahindra & Mahindra 1260 Call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "Top conviction idea continues to be Bharat Heavy Electricals (BHEL) largely because on Wednesday we didn’t see price action there but open interest (OI) addition was around 8 percent. So, I am buying 135 Call at around Rs 4.5 keeping a stop loss at Rs 3 and a target of Rs 9.""We are preferring Mahindra and Mahindra (M&M) after BHEL. I feel that 1,260 Call at around Rs 33 with a stop loss at Rs 20 can be bought for a price target of around Rs 60 among the largecaps. This is the second highest conviction call after BHEL," he said.