Buy Jain Irrigation Systems 102.5 Call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "Jain Irrigation Systems has been our last year's best bet. I am still gung ho on that. We see a price of around Rs 120, the previous target we reached in the next two months. However, I am suggesting here to be bought at dips because yesterday it rose 6 percent. So, I am suggesting 102.5 Call be bought at around Rs 2. Yesterday it had closed around Rs 2.5, so if it comes to Rs 2 please buy. Keep a stop loss at Re 1 and a target of around Rs 4 which could essentially again mean doubling of the premium that you pay."At 10:47 hrs Jain Irrigation Systems was quoting at Rs 102.40, up Rs 0.60, or 0.59 percent. It has touched a 52-week high of Rs 103.25.