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ITC may test Rs 360 in next 2 weeks: Kunal Bothra

Kunal Bothra of LKP Securities is of the view that ITC may hit Rs 360 in next two weeks.

October 06, 2015 / 18:18 IST
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Kunal Bothra of LKP Securities told CNBC-TV18, "I was just looking at Nifty composition and contributions, ITC has contributed around 20 points. Over the last two - three months of sideways movement of ITC I have not seen such a good performance in terms of contribution by the stock. The fact that today also - assuming if it closes at these levels it will probably close above the 200-day moving average (DMA). So, a lot of positives now coming to play for ITC.""I believe that is going to be a good sign for the stock at least looking at it from a trading perspective. The previous swing high post what it broke out today of Rs 330 odd, I expect the stock to hit Rs 360 over the next couple of weeks," he said.

first published: Oct 6, 2015 03:28 pm

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