Buy ITC on a correction says Mohindar

Rahul Mohindar of Viratechindia is of the view that one can buy ITC on a correction.

Mohindar told CNBC-TV, "In longer term, the stock never really broke its major trend, so at every lower level you are going to see some kind of a bounce or buy coming in. Again, in no exponential or multiplication that I see, in terms of an up move, so I would look at the stock only on correction, it’s a relatively strong stock to get in longer term, this is one of those counters where getting a 30-35%, with a one year perspective shouldn’t be a big deal, so I would like to buy ITC on a correction".

Disclosure: It is safe to assume that analyst personally do not hold any of the stocks. However he may have recommended some of them to his clients.

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