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ITC-Good Stock To Buy For Long Term

Discussion in 'Equity Investment Discussions' started by real_buzz, Nov 27, 2013.

  1. real_buzz Moderator

    ITC is one of the best FMCG stock in Indian stock markets. FMCG along with pharmaceutical is one of the most secure sectors to invest in. FMCG stocks, especially ITC have delivered good returns consistently over last few years.

    For last few months, ITC have been trading in a range and currently it is trading at 314.15 at Nifty.
    It’s 52 week high is around 380 level and its current level is significantly low from its highs.
    ITC would be one of the best stocks if you want to invest for relatively long term of approximately 1 year. Now long term is generally refer to as 3-5 years but in current volatile world, that would be too long and one can’t be sure about a particular stock.

    But given its business model and growth prospects, ITC is definitely a good stock for one year time horizon and chances are it will cross its 52 week highs and reach 400 level.

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