HomeNewsBusinessStocksBuy SBI, ICICI Bank, TCS, Infosys, Sun Pharma: VK Sharma

Buy SBI, ICICI Bank, TCS, Infosys, Sun Pharma: VK Sharma

VK Sharma, Head Private Broking & Wealth Management at HDFC Securities recommends buying State Bank of India, ICICI Bank, TCS, Infosys and Sun Pharma.

November 16, 2016 / 11:52 IST
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VK Sharma, Head Private Broking & Wealth Management at HDFC Securities told CNBC-TV18, "Banking is doing good. I have picked up both the private sector lender, ICICI Bank as well as State Bank of India (SBI) from the public sector. So in SBI, I am buying 280 Call at around Rs 8.5 keeping a stop loss at Rs 6 with a target at around Rs 15. This is a stock which continues to see positions being built on the long side, even yesterday and for the whole of the series.""Although ICICI Bank has not done well for the whole of the series, yesterday it just fell almost around 2 percent. So I am buying 270 Call at around Rs 10, stop loss at Rs 7 and a target of around Rs 16," he said."I have Tata Consultancy Services (TCS) as a buy. The dollar will continue to at least not weaken in the short-term. I am buying 2,150 call at around Rs 38, stop loss at Rs 25 with a target of around Rs 65 for the stock.""Infosys has also formed a kind of dodgy yesterday, taking support but not violating the earlier bottoms. So some kind of a semblance of support is coming here. I am buying 920 call at around Rs 21, stop loss of Rs 15 and target of around Rs 35.""Sun Pharma has not done well yesterday. It had fallen 1 percent but the positions were not added on the short side. I am buying 700 Call here at around Rs 13, stop loss at Rs 8 with a target of around Rs 25," he added.

first published: Nov 16, 2016 11:52 am

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