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Stock Analysis, IPO, Mutual Funds, Bonds & More

Buy ITC, target Rs 305: Yes Securities

Buy ITC at a price target of Rs 305 and a stop loss at Rs 290.

ETMarkets.com|
Mar 20, 2019, 11.16 AM IST
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The current market price of ITC is Rs 298.10.
Yes Securities has a buy call on ITC with a target price of Rs 305.

The current market price of ITC is Rs 298.10.

Time period given by the brokerage is two weeks when ITC price can reach the defined target.

Yes Securities recommended keeping a stop loss at Rs 290.

"The stock has broken out from a bullish Flag pattern triggering resumption of the uptrend. Further, RSI has also turned upwards after taking support at the 60-level, confirming bull strength dominant in the stock," said the brokerage.
ITC, incorporated in the year 1910, is a largecap company, having a market cap of Rs 3,66,881.94 crore.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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