Bullish about ITC: Prateek Agarwal

Prateek Agarwal, CIO, ASK Investment Managers in a chat with ET Now gives his views on ITC

ET Now: What is your call on ITC?

Prateek Agarwal: ITC as business is a compounding business, very little volatility and good defensive characteristics.

At this point, there are several positives in the stock. The only negative is that compared to the past, valuations right now look slightly peakish. Also it is quite over-owned at this point in time. But, we as a house keep faith on defensive, and that includes ITC.