Derivative Strategy on Manappuram Finance by HDFC Securities

Derivative Strategy on Manappuram Finance by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities:
 
Buy Manappuram Finance January 125 call at Rs 6
Stop loss: Rs 4
Target: Rs 11
 
Rationale:
 
We have seen long positions being built in Manappuram Finance futures today where we have seen open interest addition of 6% with price rise of 3%
 
In the option segment, 125 and 130 call added 3 lakh(45%) and 3.66 lakh (87%) shares in open interest respectively today suggesting higher possibility of sharp price from here
 
Stock price has given breakout on the