ITC may move to Rs 360, says Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "FMCG as a group and ITC in particular they are both moving strongly. My sense is all stocks have some macro trigger and once that trigger happens stocks move up regardless of earnings etc because that changes the scenario where the stock or the company operates."
"I think taxation is a major issue for ITC and once that gets out of the way, it kind of re-rates. So, for the moment keep Rs 270 type of stoploss and I won’t be surprised if you get Rs 325 and even Rs 360 in the days and weeks to come," he added.