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Jan 12, 2018 03:44 PM IST | Source: CNBC-TV18

Exit ITC, says Ashwani Gujral

According to Ashwani Gujral of ashwanigujral.com, one may exit ITC.

CNBC TV18 @moneycontrolcom

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "If one can take not making money for a long time then ITC is a good stock - out of favour. But if you want to make money soon then I don’t think it is a great stock. It will probably bottom out for a few more months, weeks, years before it really works out, so if you want to hold on maybe Rs 255 is a stoploss but it will really gain momentum only above Rs 280 otherwise there are better FMCG stocks, there are better consumer stocks, so moving on is a better idea."

The share touched its 52-week high Rs 353.20 and 52-week low Rs 242.70 on 03 July, 2017 and 13 January, 2017, respectively.

Currently, it is trading 24.28 percent below its 52-week high and 10.2 percent above its 52-week low.
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