ITC is set to hit Rs 240 levels in the medium-term. Stay invested for gains

After the breakdown below 200-day moving average (DMA) in June 2019, this is the second attempt that the stock is making to conquer the significant moving averages

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The overall trend is moving in the direction of Rs 240 levels.

Avdhut Bagkar Mumbai
After rallying 9 per cent last week, ITC is consolidating on Tuesday with the stock trading 0.5 per cent lower in a strong market. At 10:06 AM, shares of the company stood at Rs 187.85 on the BSE, down 0.42 per cent against a 0.7 per cent rise in the benchmark S&P BSE Sensex.

The stock has been a laggard over the past few months, rallying 26 per cent from the March 2020 low as compared to 64 per cent rise in the S&P BSE Sensex. It has even underperformed the S&P BSE FMCG index that rose 29 per

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First Published: Nov 17 2020 | 10:01 AM IST

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