ITC share price, June 26 -- ITC Ltd has emerged as Bajaj Broking's latest "High Conviction MTF Pick", with the brokerage expecting the FMCG and cigarettes major to rebound over the next six months as its prolonged correction shows signs of nearing exhaustion.

The brokerage has recommended accumulating the stock in the Rs.286-292 range with a target price of Rs.330, implying a potential return opportunity of 14% over a six-month investment horizon.

According to Bajaj Broking, ITC has spent the past 21 months in a corrective phase and is now consolidating around an important long-term support zone. The brokerage believes this technical setup offers a favourable risk-reward proposition and could pave the way for a pullback in the coming mo...