Buy BHEL 280 Call, sell 290 Call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "Lot of people who have held on to BHEL have sold off because they did not have that patience and now the stock is doing well. We have seen that in the entire series around 14 percent positions have been added. The stock has gone up almost 10 percent, but still there is room for this outperformer."

"I am suggesting to buy BHEL, consider it a bull spread where you buy the 280 Call and sell the 290 Call. In terms of cost, it will come to Rs 3 and the maximum profit that you can have is around Rs 7," he said.