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So much discussion about ITC being undervalued. The stock hasn't perfomed for the last half decade, it was cheap earlier as well. But the fact of the matter is that in anticipation of it to rise substantially you are missing so many other opportunities, it's pure laggard.
ITC's last 10 years earnings growth is 14%+. This growth has happened when FMCG has been in nascent stage. In next 2 to 3 years, FMCG business is going to generate significant profits. The earnings growth would be good, whether or not it matches Marcellus yardstick.
"I think the ITC’s cigarettes cash machine is the mightiest cash machine. In FMCG they were increasingly being successful. But, where we were not able to convince ourselves is with this twin-cylinder engine ITC could gun out 20% earnings compounding." - Saurabh Mukherjea
You need to read a lot to understand the tops and bottoms ITC went through in it's life time so far. BAT holds close to 30% but not considered as a promoter.
I am not bullish on fmcg whether Dabur Hul or ITC. Other than short covering
Nifty puts of 10500 carrying monthly with 65/75 Infy option trade continue.. Indusind,M&M & Sunpharma intraday booked profit. Positional zentech 50% book 10 rs. Cash trade UFO,EIL,NALCO,Ind Hotel,ITC carrying. IGL and VIP SL triggered. ICICI Bank safe till above 340.
ITC - AGM On 4Th September, 2020
ITC - Reg. 34 (1) Annual Report
ITC Chart Update #ITC #Chart #Technical
Yes @dmuthuk I am now analyzing all the MNC companies to share as a report. I too did "No of years legacy". The three from the MNC Pack. Of which ITC is the longest.
Not only ITC, other FMCG companies like HUL and Nestle too pay 75% to 80% of their profits as dividends. Unlike ITC, for the other two, the dividend yield is low at current market prices.
#ITC future @195 Buy Signal Activated.
भसीन के हसीन शेयर: बाजार के आउटलुक पर क्या है राय? साथ ही जानिए संजीव भसीन ने बाटा और ITC क्यों चुनें खरीदारी के लिए? @AnilSinghvi_ @IIFLMarkets @sanjiv_bhasin
#EsselPropack Blackstone Buy Stake at 134/Sh Open Offer at 139/Sh Rev Breakup 51% Oral Care 28% Cosmetics 16% Pharma 5% Others Clients: Colgate, HUL. patanjali, ITC, J&J, Marks & Spencer Rev Split Europe 26% AMESA 28% America 20% EAP 26% @CNBC_Awaaz @shail_bhatnagar
BUY ITC 195CE AT 6.80 TGT 7.50-8