Hold Intellect Design Arena: Avinnash Gorakssakar

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "This is not a price to sell because Intellect Design Arena is a product IT company and has a good exposure to the banking, financial services and insurance (BFSI) sector. My sense is if one can hold on for the next at least couple of quarters, 6-8 months, one should definitely get a good price."

"There has been a decent traction in the company's business in the order wins. So probably a little, around Rs 160-170 could be a level where possibly one could book out," he added.