Buy Engineers India 270 Call, says VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "In midcaps, Engineers India (EIL) is something which is looking good. For the whole of the series, we have had positions being build to the extent of 46 percent. The stock has done well for itself rising 10 percent. Yesterday also it rose 3 percent, so I am suggesting to buy 270 Call at around Rs 5 with stop loss at Rs 3 and a target of around Rs 10 which could essentially double your premium."At 10:40 hrs Engineers India was quoting at Rs 264.35, down Rs 1.65, or 0.62 percent. It has touched an intraday high of Rs 268.15 and an intraday low of Rs 263.60.