HomeNewsBusinessStocksBuy IndusInd Bank 570 Call: VK Sharma

Buy IndusInd Bank 570 Call: VK Sharma

According to VK Sharma of HDFC Securities, one can buy IndusInd Bank 570 Call.

August 20, 2014 / 10:26 IST
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VK Sharma of HDFC Securities told CNBC-TV18, "IndusInd Bank has seen slightly larger positions being built yesterday, around 6 percent, and price also was more buoyant that went up by 3 percent. My trading suggestion here is buy the 570 Call at around Rs 8, keep a tight stoploss at Rs 5 and hope to sell it at Rs 15."

"Overall if the scenario for trucks improve, I think for a segment of this, it will start performing well. So it is connected to the Ashok Leyland group as well at the promoter level," he added.

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first published: Aug 20, 2014 10:26 am

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