Buy Sun Pharma 840 Call, Dr Reddy's Labs 3100 Call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "The pharmaceutical sector has been beaten down. However, Sun Pharmaceutical Industries has risen substantially higher from the bottom that we saw last month. In terms of open interest it has added 8 percent. In terms of price wise action, the stock went up by 2 percent. I am suggesting to buy the 840 Call at around Rs 25 with a stop loss at Rs 18 and a target of around Rs 40.""For Dr Reddy's Laboratories, I am suggesting to buy the 3,100 Call at around Rs 53, stop loss at Rs 40 and a possible target of around Rs 80 in the current series," he added.