VK Sharma on December 10: Buy Divi's Labs, DRL, Infosys & TCS

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He spoke at length about Divi’s Laboratories, Dr Reddy’s Laboratories (DRL),  Infosys and Tata Consultancy Services (TCS).

“The stocks that I have chosen are slightly different. They would not fall as much as the market,” he said.

“Divi’s Laboratories and Dr Reddy’s Laboratories (DRL) – in Divi’s we have seen the open interest (OI) being built to the extent of 31 percent in the current series. So I am buying 1,500 call at Rs 40. It closed at Rs 47 on Friday, so I am suggesting to buy it lower, stop loss at Rs 30, target of around Rs 60. DRL is another stock in which we have seen positions as it is and the stock is up 2 percent in this series. I am suggesting to buy 2,700 call at around Rs 75. It had closed at Rs 94. Stop loss at Rs 50 and a target of Rs 120,” he added.

“My other two stocks are Infosys and Tata Consultancy Services (TCS). They will benefit out of the weaker currency. I am buying the 670 call in Infosys at around Rs 13, stop loss at Rs 9, target of around Rs 20. I am suggesting to buy 2,000 call of TCS at around Rs 50, stop loss at Rs 35 and target of around Rs 80. I believe that there will be an opportunity to buy the dips today,” said Sharma.

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