See upside in ITC, says Devangshu Datta

See upside in ITC, says Devangshu Datta, Consulting Editor, Business Standard.

Datta told CNBC-TV18, "HCL Tech was pushed up very high. It is starting to come down. If you want to get speculative, the next stock to look at in IT would be TCS. If it produces an outperformance you might get 100 bucks run up from here. That’s on I think the 23rd the results were expected."

He further added, "Tata Motors is looking interesting, you had a bit of a breakout. ITC, you had a breakout to a new high followed by a little bit of a correction. You might get a further up move. So those are fairly low risk areas I think where you could look for some outperformance."