Buy ITC on dips, says Pankaj Jain

Pankaj Jain, Director of Sunteck Wealthmax Capital told CNBC-TV18, "ITC is definitely a portfolio bet. This stock would continue to perform well and not to forget, these kind of cash rich companies where cash flows is pretty strong, they would continue to be darling bets of the market and barring their hotel, hospitality division, most of the divisions are performing very well and they have that rising power from that tobacco business.”

"Taking all these factors into consideration, taking that market would continue to remain choppy and volatile; these kind of stocks would definitely be favourite for most of the funds. So, on a medium-term to longer-term horizon, ITC is definitely a hold and at any given decent fall, it becomes a buy or add to the portfolio,” he added.