See 10-15% upside in ITC: Dhirendra Tiwari

See 10-15% upside in ITC, says Dhirendra Tiwari, Antique Institutional Equities.

Tiwari told CNBC-TV18, "We see some upside in ITC. It is the only FMCG stock we like. Essentially the volumes have been good, margins had been pretty okay, so there has not been any issue as far as the performance is concerned. So, though we generally feel that FMCG sector has seen significant run up across various stocks and fundamentally we don’t see any slowdown per se also but the thing is that there has been a significant re-rating as well along with the earnings upgrades."
He further added, "We would believe that probably one should take a pause, look at the growth for the next years for various companies but within the pack I would assume that ITC is better placed and still probably can give you 10-15% kind of upside in the next six months or so."