Buy BPCL 1120 Call, HPCL 1050 Call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "The oil marketing companies (OMC) are a dumb buy at this point of time. We would rather, when the crude is down five percent, obviously these will do well. But we do not see it as a one off measure, we continue to see crude under pressure. So, the oil marketing companies will continue to make money and you could buy as a trader.""In Bharat Petroleum Corporation (BPCL), I am buying the 1,120 Call at around Rs 26, keeping a stop loss at Rs 20 and with a target around Rs 40. In case of Hindustan Petroleum Corporation (HPCL) which can largely do fundamentally better than BPCL, call wise, I am buying the 1,050 Call at around Rs 27, stop loss at Rs 23 with a target of around Rs 35. Between these two, technically speaking, BPCL is better placed," he said.