Buy Cipla 520 Call, advises VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "I am not looking at Ambuja Cements per se, but we find that UltraTech Cement is a better buy. I have a buy on Cipla which is one of the sectors that is doing well. It did well yesterday also. The stock went up marginally by one percent, so I am suggesting to buy the 520 Call at around Rs 12, stop loss at Rs 8 and a target of around Rs 20.""This was essentially a pre-market buy and you can now accordingly temper your buying premium according to the prices that are there. So, this needs to be taken care of by traders," he said.