Buy Petronet 330 Call, Tata Communications 500 Call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "Petronet LNG, for a change has posted a new high. So, I am suggesting to buy the 330 Call at around Rs 3.25 with a minor stop loss at Rs 2 and a target of around Rs 6. There is a possibility to double your premium here.""I have first recommended Tata Communications as a derivative pick some two years back at around Rs 180 odd. So, currently, I am suggesting to buy the 500 Call in Tata Communications, stop loss to be bought at Rs 8, target of around Rs 13. Last week’s recommendations at buying the 490 Call as the target has been achieved and I still continue to be bullish here. A disclosure that I have this stock in my portfolio," he said.