Buy ITC around Rs 270-275: Mehraboon Irani

Aug 22, 2013, 06.08 PM IST

According to Mehraboon Irani, Principal and Head- Pvt Client Group Business of Nirmal Bang Securities, one can consider buying ITC if it comes to Rs 270-275 levels.

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According to Mehraboon Irani, Principal and Head- Pvt Client Group Business of Nirmal Bang Securities, one can consider buying ITC if it comes to Rs 270-275 levels.

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Buy ITC around Rs 270-275: Mehraboon Irani

According to Mehraboon Irani, Principal and Head- Pvt Client Group Business of Nirmal Bang Securities, one can consider buying ITC if it comes to Rs 270-275 levels.

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Mehraboon Irani, Principal and Head- Pvt Client Group Business of Nirmal Bang Securities told CNBC-TV18, "If ITC comes at Rs 270-275, I will buy it, not that it is going to come, but if it comes one will have to go and buy it."

"Similarly, if one wants to buy IndusInd Bank at Rs 310-320 or HDFC Bank at Rs 675 or Sun Pharmaceutical Industries around Rs 440-450, one may write down those prices at which one wants to buy. One certainly is going to make money in the longer term because one is buying those stocks at around 25-35 percent of their highs at which quite a few people were clamoring for the stocks," he said.

Irani further said, "The ideal thing to do is to prepare a shopping list of 10-20 solid quality names with good cash flow, good corporate governance, no problems of pledging of shares, no overleveraged balance sheet and cash on the books. These are the type of stocks which one wants to buy, one may go and buy them if the market provides an opportunity. I am quite sure, we will get that opportunity maybe in the next one-three months."

Harmonis Hubungan