Buy ITC on dips: Choksey

Deven Choksey of KR Choksey Securities is of the view that if one wants to keep ITC in portfolio for 18-24 months from now then it would be a good opportunity if it falls further.

Choksey told CNBC-TV18, "I don’t know if one should be buying ITC. If the portfolio has to be a defensive portfolio then this particular company is promising from the current year point of view. I think the fall below substantial level at Rs 200 odd levels could be definitely meriting buy opportunity. But even technically close to Rs 200 there would be some amount of support coming in if one wants to buy. So this is a company if one wants to buy and keep it in ones portfolio for 18-24 months from now and it would be a good opportunity if it falls further."