Buy BoB Aug futures, sell PNB Aug futures: TS Harihar

TS Harihar of HRBV Client Solutions told CNBC-TV18, "Within the PSU banking space, we believe that there are some banks which are likely to outperform and some that are likely to underperform. Bank of Baroda (BoB) is one stock that is likely to outperform and Punjab National Bank (PNB) could be a stock that could underperform.""We have a long-short pair on PSU banking where we are recommending to buy Bank of Baroda August Futures at the range of about Rs 150-153 and simultaneously sell Punjab National Bank (PNB) August Futures in the range of around Rs 135-136. While individual stocks may be either up or down, this strategy is largely betting on BoB outperforming PNB within the PSU banking space," he said.