Krish Subramanyam of Altamount Capital told CNBC-TV18, "Granules India has seen some pretty decent open interest built up last week and we also saw some pretty good price action on the positive side. After some consolidation seems to be heading up and we could see some medium-term uptrend coming about this counter. So, this could be bought for a possible target of Rs 145 and a stoploss of Rs 134."He further added, "Second one is a covered call strategy in HDIL. Let us not forget this sector has done remarkably well in the last three-four months. HDIL went into some sort of a consolidation. So, one could do a covered Call wherein one could buy the June Futures and sell a 100 strike Call at around Rs 4. We are keeping a modest target of Rs 103 and a stoploss of Rs 94.""The last one is a non futures and options (F&O) item which has seen some tremendous volume action in today’s trade. We could possibly see some higher levels coming about that. So, Uflex could be bought for a possible target of Rs 222 and one could keep a stoploss of Rs 200," he said.
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