Buy ITC at around Rs 300-305: Ambareesh Baliga

Nov 05, 2013, 04.13 PM IST

Ambareesh Baliga, Managing Partner-Global Wealth Management of Edelweiss Financial Services recommends buying ITC at around Rs 300-305.

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Ambareesh Baliga, Managing Partner-Global Wealth Management of Edelweiss Financial Services recommends buying ITC at around Rs 300-305.

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Buy ITC at around Rs 300-305: Ambareesh Baliga

Ambareesh Baliga, Managing Partner-Global Wealth Management of Edelweiss Financial Services recommends buying ITC at around Rs 300-305.

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Ambareesh Baliga, Managing Partner-Global Wealth Management of Edelweiss Financial Services told CNBC-TV18, " ITC is one stock which I will look at buying possibly at slightly lower levels. I think Rs 300-305 should be a level to start buying ITC again for long-term."

"Don't expect ITC to bounce back like the way the other midcaps could move in the next couple of weeks but then again ITC is a long-term story," he said.

Also Read: ITC breaks below 200-day moving average on high valuations

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