Buy Infosys 3800 Call, says Krish Subramanium

Krish Subramanium of Asit C Mehta Investment Intermediattes told CNBC-TV18, "In Infosys we are seeing some short covering emerging around those Rs 3,775-3,800 level, so we feel that closer to expiry we could see some sort of spike up in Infosys. We are recommending a buying of a plain-vanilla 3,800 strike Call at around Rs 30 for a target price of Rs 55 and keeping a stop loss of Rs 15.”

At 15:17 hrs Infosys was quoting at Rs 3,796.80, down Rs 6.25, or 0.16 percent.

The share touched its 52-week high Rs 3,986 and 52-week low Rs 2,894 on 13 October, 2014 and 30 May, 2014, respectively.