Buy Bank of Baroda 1080 call, sell 1140 call: Subramanium

Krish Subramanium of Asit C Mehta Investment Interrmediates told CNBC-TV18, "We saw some pretty healthy rolls in January series in Bank of Baroda and we feel that it should be holding some more upside therefore we are recommending buying of 1,080 strike Call at around Rs 42. One could also correspondingly sell a 1,140 strike Call at around Rs 20 so net cost comes to about Rs 22. We are keeping a target of Rs 45 and one could keep a stoploss of Rs 12."

At 13:11 hrs Bank Of Baroda was quoting at Rs 1,072, up Rs 3.35, or 0.31 percent on the BSE.

The share touched its 52-week high Rs 1,125.60 and 52-week low Rs 509 on 08 December, 2014 and 21 February, 2014, respectively.