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Last Updated : Dec 07, 2015 12:22 PM IST | Source: CNBC-TV18

Buy ITC at around Rs 300-310: Ambareesh Baliga

Ambareesh Baliga, Market Expert recommends buying ITC at around Rs 300-310.

Ambareesh Baliga, Market Expert told CNBC-TV18, "Whenever there is a talk of increase of excise or taxes, we have seen that in the past so many years, last one to one and a half decades ITC corrects. Right now really the support for ITC is closer about Rs 300-310 and that has been the case since one and one and a half years."

"Whenever it comes closer to those levels I think it is a decent long-term buy but even for traders one can buy at Rs 300-310 and possibly look at exiting around Rs 340-350," he said.

At 12:16 hrs ITC was quoting at Rs 319.90, down Rs 15.70, or 4.68 percent. It has touched an intraday high of Rs 336.05 and an intraday low of Rs 319.25.

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First Published on Dec 7, 2015 12:22 pm
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