VK Sharma of HDFC Securities told CNBC-TV18, "Tata Communications has been on my buy list for a long time. I think it takes two to tango, you can't have only sellers in the market and if there are only sellers there will be no transaction happening. I looked at Tata Communications primarily from the fact that it had seen a high of Rs 598 in the series and now it is quoting at Rs 514.""The fundamentals remain the same; they are becoming better with the passage of time. The rollover is extremely high at 93 percent, so I am suggesting to buy the 530 Call here at the rate of Rs 14. Keep the stoploss at Rs 9 with a target of around Rs 22.""If the markets are going down, these new entrants, they allow people to take positions in the same trend. So, I don't think they are going to change the trend. Torrent Power appears to be slightly weaker. DCB Bank if at all you see longs being built, those could be built in DCB Bank. However, currently there is no F&O data for this to suggest anything."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
