Ambareesh Baliga of Karvy Stock Broking is of the view that 3i Infotech has a price target of closer to around Rs 230-240.

Baliga told CNBC-TV18, “In midcap list, we like some of the defense stocks, which are related to software and technology. We are quite positive on Aventel Softech and in the other space, we are positive on 3i Infotech, which anyway has run up from Rs 143 level to Rs 168 level but still we have a price target of closer to around Rs 230-240.”

Disclosure: MRO-TEK, 3i Infotech and Aventel Softech, I hold personally and also couple of my clients are holding it.