Nooresh Merani of AMSEC Research told CNBC-TV18, "ITC is in an uptrend and any dips to Rs 270-290 zone is always a buy in the stock. It can continue to do good over the next few years as well. Technically, we would be looking at Rs 350-370 in the short-term but overall it is more of a longer-term play which will move slowly over a period of time. So whenever it falls sharply it is buy."
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 17.76 percent below its 52-week high and 16.17 percent above its 52-week low. Market capitalisation stands at Rs 247,387.96 crore.Also Read: ITC hikes prices of select cigarette brandsDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
