Amit Trivedi of Investworks.in told CNBC-TV18, "After results Tata Consultancy Services (TCS) has been quite volatile and has come down to around Rs 2,120. We think it should remain in this range of around Rs 2,100 to Rs 2,250-2,300. So investors can sell 2,350 calls of TCS, one will be getting Rs 3 of cash inflow, nothing on Vote-on-Account (VoA) will happen that will disturb this particular stock to move up substantially. So we think that is an interesting strategy to pocket Rs 3 of premium."
At 13:39 hrs Tata Consultancy Services was quoting at Rs 2,162.80, up Rs 29.05, or 1.36 percent. It has touched an intraday high of Rs 2,184.40 and an intraday low of Rs 2,128.50.
The share touched its 52-week high Rs 2,384.20 and 52-week low Rs 1,380.95 on 14 January, 2014 and 30 April, 2013, respectively. Currently, it is trading 9.29 percent below its 52-week high and 56.62 percent above its 52-week low. Market capitalisation stands at Rs 423,633.69 crore.
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