Sell Power Grid 92.5 Put, 100 Call: Krish Subramanyam

Dec 19, 2013, 02.08 PM IST

According to Krish Subramanyam of Asit C Mehta Investment, one may sell Power Grid Corporation of India 92.5 Put and 100 Call.

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According to Krish Subramanyam of Asit C Mehta Investment, one may sell Power Grid Corporation of India 92.5 Put and 100 Call.

Like this story, share it with millions of investors on M3

Sell Power Grid 92.5 Put, 100 Call: Krish Subramanyam

According to Krish Subramanyam of Asit C Mehta Investment, one may sell Power Grid Corporation of India 92.5 Put and 100 Call.

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Krish Subramanyam of Asit C Mehta Investment told CNBC-TV18, "We are going to see a lot of volatility in Power Grid Corporation of India and some profit taking coming about. I would do some sort of Put writing at maybe 92.5 strike and some Call writing at 100 strike. It should oscillate in this range and try to pocket some part of the premium."

At 13:36 hrs Power Grid Corporation of India was quoting at Rs 99.95, down Rs 0.15, or 0.15 percent. It has touched an intraday high of Rs 100.05 and an intraday low of Rs 96.15.

The share touched its 52-week high Rs 117.65 and 52-week low Rs 86.70 on 18 December, 2012 and 02 August, 2013, respectively. Currently, it is trading 15.04 percent below its 52-week high and 15.28 percent above its 52-week low. Market capitalisation stands at Rs 46,274.10 crore.

Disclosure: He has recommended the strategies to his clients.

Bergaya Sehat