Is ITC a good investment?

Is it good to invest in ITC?

ITC shares were highly undervalued as they had not participated in the market rally post-second wave of Covid-19. … If ITC share closes above ₹230 apiece today, then only one can buy this counter for 3-month target of ₹270 maintaining stop loss at ₹224.” He said that there is not much trigger in the market.

Is ITC a value buy?

“ITC is a value stock and is likely to remain a value buy forever, it looks like,” says a fund manager.It is to be noted that ITC’s annual profits are more than double of HUL’s, but its market cap is exactly half. … The stock trades at a price-to-book value of 4.39x. Nifty FMCG trades at 10.18x.

Is ITC a good stock for long term investment?

ITC’s revenues went up by 22.6 per cent year-on-year (YoY) at Rs 13,294 cr while the operational profits stood at Rs 4473 cr. Watch Zee Business Tweet Video Below: … Singhvi said that ITC stock is a value pick and investors who have a 12-month horizon can stay with the stock.

What is wrong with ITC?

What is wrong with ITC? ITC is probably one of those companies which suffer from wrong capital allocation. On one hand, it has a huge cash generating cigarette business; on the other hand, the hotels business as well as the FMCG business use up an intense amount of cash.

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What is the future of ITC?

ITC to invest around ₹14,851 cr under Next strategy, to look for acquisitions. NEW DELHI : Business conglomerate ITC Ltd on Thursday said it plans to invest around USD 2 billion (around ₹14,851 crore) as part of its ‘ITC Next’ strategy, under which it will explore opportunities to craft “disruptive business models”.

Who is ITC owner?

Sanjiv Puri (59), is the Chairman & Managing Director of ITC Limited.

Is ITC undervalued?

ITC, a long-undervalued stock, surged as much as 8 percent on September 16 to the highest level in seven months, after a period of consolidation since the beginning of 2021. … The Nifty 50 has gained more than 25 percent and the FMCG index has jumped over 19 percent since the start of the calendar year.

Why ITC shares are falling?

ITC share price today slumped around 5 per cent after the news break of Government of India forming committee for finalising taxation policy for tobacco. The stock hit an intraday low of ₹248.70 on the NSE in early deals.

Which is better HUL or ITC?

Net Profit Growth: The profit growth of ITC has been much better than that of HUL. While HUL posted profit growth of 3.42% CAGR from 2013 to 2017, ITC on the other hand posted much higher profit growth of 6.58% CAGR. Operating Cash Flow Growth: Not just Profits, ITC has generated more cash, faster than HUL.

How much does ITC pay in dividends?

For the year ending March 2021 ITC has declared an equity dividend of 1075.00% amounting to Rs 10.75 per share. At the current share price of Rs 223.20 this results in a dividend yield of 4.82%.

ITC Ltd.

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Announcement Date 13-05-2019
Ex-Date 22-05-2019
Dividend Type Final
Dividend (%) 575
Dividend (Rs) 5.75

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