SENSEX NIFTY
Jan 09, 2013, 04.41 PM IST | Source: CNBC-TV18

Buy ITC at around Rs 250-260: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one can buy ITC at around Rs 250-260; the stock can go upto Rs 350. “Maruti Suzuki has target of Rs 2000.”

Sudarshan Sukhani, s2analytics.com is of the view that one can buy ITC at around Rs 250-260; the stock can go upto Rs 350. “ Maruti Suzuki has target of Rs 2000.”

Sukhani told CNBC-TV18, “ ITC is an excellent stock to own. From Rs 280, this could be Rs 350 or even Rs 400. If you have a three-year time horizon, the story is very different. In the short-term the trend is slightly on the downside. So you do not want to hold ITC as a short-term trader but I think it is very good for anyone having a long-term time horizon. If one wants to add some more shares to one’s portfolio, one can wait. ITC is likely to come down in the next six months at some point of time. One could even get Rs 250-260, which would be a perfect point to enter into it.”
 
He further added, “Maruti Suzuki is one of the better stocks. The chart suggests a target of more than Rs 2,000. Now that takes its own time but it is likely to outperform the Nifty. One should not rush and stay with it. There is no sense in churning one’s portfolio unnecessarily.”

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