ITC can touch Rs 230-240: Sharmila Joshi

ITC can touch Rs 230-240, says Sharmila Joshi, Head of Equities, Fairwealth Securities.

Joshi told CNBC-TV18, "If the investor had a slightly longer term view on ITC it would have been better because it is a safe stock. These are the defensive plays that you want to be invested in, in case there is any downturn in the market. Even from this level I would expect the stock to go to about Rs 230-240 in the next 6 months kind of a time period. From that point I think stay invested.