ITC can test Rs 275-280: Satish Betadpur

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ITC can test Rs 275-280: Satish Betadpur

ITC can test Rs 275-280, says Satish Betadpur, CFA, Global Research Director, Independent International Investment Research.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Satish Betadpur See what other Experts & Brokerages are saying about ITC See messages about ITC ITC BSE | NSE 10/02/12 Are Mutual Funds betting on ITC?

ITC can test Rs 275-280, says Satish Betadpur , CFA, Global Research Director, Independent International Investment Research.

Betadpur told CNBC-TV18, "ITC in the next one month can trade up to about Rs 275-280, the markets are generally volatile and in these markets ITC is considered as a good low beta stock, their cigarette division definitely did well in the last quarter, so there are no negatives to take the stock down. If the market has a huge rally it will underperform but on an absolute basis the stock can drift upwards from these levels possibly to Rs 275-280, there is not a whole lot of upside on this stock based on valuations but again there are not much negatives either at this point."