Hold ITC, advises Salil Sharma

Salil Sharma of Kapur Sharma & Co told CNBC-TV18, "ITC is not one of the best performing shares. The trigger is also missing at the moment but if it goes below Rs 347-348 then it becomes slightly bearish in the short-term but if one has 8-12 months view then I would still hold on to it."

At 13:47 hrs ITC was quoting at Rs 341.90, down Rs 5.05, or 1.46 percent. It has touched an intraday high of Rs 349.90 and an intraday low of Rs 341.50. The share touched its 52-week high Rs 380 and 52-week low Rs 282.00 on 24 July, 2013 and 11 January, 2013, respectively. Currently, it is trading 10.03 percent below its 52-week high and 21.24 percent above its 52-week low. Market capitalisation stands at Rs 270,784.08 crore. Disclosure: We could have given some recommendations to our clients, I don't have any personal positions in the share.