Hold ITC, says Ambareesh Baliga

Ambareesh Baliga, Independent Analyst advises traders to hold ITC.

Baliga told CNBC-TV18, “One should be selective out on FMCG because clearly there is a slowdown which we are seeing in consumer activity. That was clearly seen in HUL which showed dismal numbers. But there is one stock in the space which I would continue to hold is basically ITC and not really Britannia.”
On Feb 11, ITC closed at Rs 299.20, down Rs 2.45, or 0.81%. It has touched an intraday high of Rs 303.05 and an intraday low of Rs 296.75.