Feb 25, 2013, 06.26 PM | Source: CNBC-TV18
Ambareesh Baliga, Market Expert advises traders to buy ITC around Rs 290.
Ambareesh Baliga (more)
Market Analyst, Independent | Capital Expertise: Equity - Fundamental ,IPO
Baliga told CNBC-TV18, “Whether ITC, will come through or not and this is normally the fear before the Budget. If you see the last couple of years, this had been the fear, but whenever you have bought ITC before the Budget you have always made money possibly in the next six to nine months.”
He further added, “I would say that people should buy the stock in this weakness because if one is possibly willing to hold for the next 6-9 months you should get levels of at least about Rs 340-350. So, at Rs 290, I think it is a good buy.”