Buy Dewan Housing Finance Corporation: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "In Dewan Housing Finance Corporation (DHFL) overall open interest build up has been higher around 48 percent in the current series. Yesterday also the stock went up by 4 percent and added open interest. Normally it is very risky to pick up stocks which has gone up four percent. For the current series, I will still hold on to this new call that I am buying, 230 strike price you buy at Rs 1.75 keep a tight stop loss at Re 1 and a target of Rs 5."At 11:18 hrs Dewan Housing Finance Corporation was quoting at Rs 233.85, down Rs 1.15, or 0.49 percent. It has touched an intraday high of Rs 239.50 and an intraday low of Rs 232.80.