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Buy Axis Bank, L&T, Manappuram Finance, SBI & UltraTech Cement, says VK Sharma of HDFC Securities

Updated : May 27, 2019 09:12 AM IST

The latest analysis and commentary by stock market guru VK Sharma of HDFC Securities on what is moving the markets today.

He also spoke at length on Axis Bank, Larsen & Toubro (L&T), Manappuram Finance, State Bank of India (SBI), UltraTech Cement.

VK Sharma’s F&O stock recommendations are, “I am buying Axis Bank where not much is happening. 2 percent stock up, 2 percent open interest is up but my sense is this stock has a long way to go. I am buying 800 Call at Rs 7.50 stop loss at Rs 4 target around Rs 15. State Bank of India (SBI) on the other hand I am buying a slightly lower than where it has closed on Friday. I am buying the 355 Call at around Rs 4 instead of Rs 5.6 and keep a stop loss at Rs 2 target of around Rs 8. So it is almost doubling the premium. Manappuram Finance on the other hand it is a midcap and I am buying slightly lower again. Buying the 140 Call at Rs 1.8. it had closed Friday at Rs 2.4 and I am having a stop loss at Rs 1 and target of around Rs 4.”

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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