Buy HPCL, target Rs 920: Bhavin Desai

Bhavin Desai of Motilal Oswal Securities told CNBC-TV18, "In HPCL and BPCL, considering the market situation, I would rather take an option route and try to take a trade on the long side using calls but it looks like a decent buy." "If you talk about Hindustan Petroleum then something like Rs 868-865 should be kept as a stop loss. We are looking at targets closer to Rs 910-920 thereabouts. So, any weakness and a better equation of risk reward should be traded in Hindustan Petroleum with Rs 865-920 kind of risk reward," he said.