Buy ITC, says Rajesh Jain

Buy ITC at Rs 202-204 for a higher target of Rs 208, says Rajesh Jain, EVP Retail Research of Religare Sec.

Jain told CNBC-TV18, "ITC had been consolidating in a sideways zone for a month. The stock gave a good closing yesterday, which was accompanied by good volumes. One can buy at Rs 202-204 with a stop loss at Rs 201 for a higher target of Rs 208.