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    HomeNewsBusinessExpect 8-10% rally in HPCL, BPCL; ITC may head to Rs 315-320: Ashwani Gujral

    Expect 8-10% rally in HPCL, BPCL; ITC may head to Rs 315-320: Ashwani Gujral

    Ashwani Gujral of ashwanigujral.com is of the view that HPCL and BPCL may rally by 8-10 percent while ITC may head towards Rs 315-320.

    March 25, 2017 / 12:46 IST

    Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Oil marketing has gone through a decent correction. Even while the market was coming down, HPCL was moving up, so risk reward is extremely favourable. Similarly, ITC came off a little bit. But again, it was showing strength going to the close. The stock is looking likely for Rs 315-320. Similarly both HPCL and BPCL, look like they are in for an 8-10 percent rally."

    ITC closed at Rs 281.05, up Rs 3.15, or 1.13 percent. The share touched its 52-week high Rs 291.95 and 52-week low Rs 212.88 on 07 February, 2017 and 06 May, 2016, respectively.

    first published: Mar 25, 2017 11:49 am

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