Stock To Buy At Dip: Watch This Video To Find Out Why Underperforming ITC Is Now Expert's Favourite

Devarsh Vakil, Deputy Head of Retail Research at HDFC Securities, expresses bullish sentiments towards ITC, recommending it to investors. Vakil positions it as one of their top choices in the FMCG sector alongside Dabur, foreseeing a fresh upward momentum. Given this outlook, Devarsh Vakil assigns a 'Buy' rating to the stock, advocating for investors to capitalize on any dips. Contrastingly, Rajesh Palviya, the Head of Technical & Derivative Research at Axis Securities, acknowledges that despite the stock's fifth consecutive week of weakness, it holds promise for long-term investors. However, Rajesh Palviya advises traders to steer clear of it for now, citing a breakdown on the monthly chart and the likelihood of further downward movement. He suggests that while Rs 420 marks a crucial resistance level, breaching Rs 400 could lead to further downgrades.