What’s wrong with ITC share?

Is ITC share worth buying?

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.

What is going 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.

Why ITC share is not growing?

The simple reason behind this is that ITC’s FMCG brands are relatively much younger. While the likes of Britannia have been in business since Gandhiji’s times, ITC forayed into FMCG much much later, only in the 2000s. … All in all, ITC is still a Cigarette company trying its hand in the FMCG sector!

Is ITC good for long term investment?

ITC is another stock being recommended by broking firm Motilal Oswal. The firm has set a solid target of Rs 265 on the stock, against the current market price of Rs 214. Many analysts are also recommending the shares of ITC for the dividend yield that it could offer in the coming years.

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Is ITC debt free company?

For a growing firm, debt plays a significant role in its financial performance. Debt-free businesses have numerous advantages and are a solid investment option.

Best 10 Debt-Free Company Stocks To Invest In India 2021.

Company Debt Market Cap in Rs
Max Financial 34.77TCr
Hindustan Unilever Limited (HUL) 5.58LCr
ICICI Prudential Life Insurance 84.38TCr
ITC 2.56LCr

Which share buy now?

Stocks to Buy Today: Best Shares to Buy in India

Name LTP Low
Axis Bank 755.00 740
B P C L 422.70 420
Bajaj Auto 3,726.10 3,682
Bajaj Finance 7,416.00 7,220

Who are the competitors of ITC?

ITC’s top competitors include Dabur, Nestle, Hindustan Unilever and Tata. ITC is a diversified company that engages in the fast moving consumer goods (FMCG), hotels, paperboards and specialty papers, packaging, agriculture, and information technology businesses.