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Flextronics can hit Rs 700, says Baliga

Ambareesh Baliga is of the view that like in Digital, the price of Flextronics Software Systems will increase. He advises holding the stock.

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Ambareesh Baliga of Karvy Stock Broking suggests holding Flextronics Software Systems . He expects the price would go up to Rs 675-700 as was in case with Digital.


Baliga told CNBC-TV18, "I would suggest hold on for the time being. 70% of this is held by the promoter. Out of 30 % left,  20 % is held by FIIs and UTI. As it happened in Digital the price increased. The same thing should happen here and we look at a price closer to  Rs 675-700. So I would suggest to hold on for the time being."


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