Buuy ITC on dips, says Sanjiv Bhasin

Sanjiv Bhasin Executive VP-Markets & Corporate Affairs IIFL is of the view that one can buy ITC on dips.

May 26, 2017 / 16:54 IST

Sanjiv Bhasin, Executive VP-Markets & Corporate Affairs at IIFL told CNBC-TV18, "I think ITC is fully priced. A large part of the rerating has taken place. May be it was just a move to take you to 9600. We would recommend buy on dips; Rs 285 seems a very good level but at Rs 310 it is stretching your neck out. We will read more in the numbers but definitely the stock has got rerated and technically it has given you a breakout."

"So, Rs 325 is something we are looking at, at the end of the year. It may reach there faster but I would only buy it on a decline because a large part of the earnings is already priced in," he said..

first published: May 26, 2017 04:33 pm

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