Sep 05, 2013, 06.00 PM | Source: CNBC-TV18
Gopi Suvanam, Founder of Investworks advises going short on ITC at current levels.
Gopi Suvanam (more)
Founder, InvestWorks | Capital Expertise: Equity - Fundamental
On September 5, ITC closed at Rs 311.50, up Rs 11.70, or 3.90 percent. It has touched an intraday high of Rs 316.00 and an intraday low of Rs 305.10.
The share touched its 52-week high Rs 380.00 and 52-week low Rs 269.00 on 24 July, 2013 and 17 September, 2012, respectively. Currently, it is trading 18.03 percent below its 52-week high and 15.8 percent above its 52-week low. Market capitalisation stands at Rs 246,596.32 crore.
Krish Subramanyam of Altamount Capital recommends
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