I find this very funny personally when people start selling shares out of fear when a bad news comes in for a very good company as ITC is. ITC is major cigarette manufacturing company and was dropped due to a bad news regarding extra cess on cigarettes.
The share closed at 284.70 on NSE yesterday. This is the perfect time to purchase this share and wait for it when it comes back to this level. Any amount kept aside for this share, divide it in half, invest first half now and other half if the share falls further by over Rs 5.
IOC is still down and the suggestion is to hold on to this share for now.