INDIA: India Cements seems to be a better pick: VK Sharma

VK Sharma of HDFC Securities is of the view that India Cements seems to be a better pick.

Sharma told CNBC-TV18, "I think both Ambuja Cements and India Cements added quite a bit of open interest, more than Ambuja I think it is India Cement which added something like19% of open interest and also the stock went up only by 1% as compared to 3% which Ambuja Cement went up. From that perspective, from this data loan, I think India Cement seems to be a better pick, the overall open interest is also low and the moment can also be pretty fast there. So if somebody wants to trade, options are not liquid here. So may be with the stop loss of 1.5% one can trade this India Cement on the longer side.”