ITC may be an excellent option for dividend investors who want to reduce their downside risk, but it is not a strong choice for growth investors who want to outperform the market. At 12.45 pm, shares of ITC were trading at Rs 210.05, lower by 2.44% on NSE.
Is it right time to invest in ITC?
What we like about ITC is the fact that it is a good 5% to 6% kind of a dividend yield play. For those investors who are happy getting into a stock for dividend and where the downside risk is limited, ITC could be a good fit but for growth oriented investors looking to outperform the market, ITC does not fit the bill.
Is ITC a good buy for long term?
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.
Will ITC shares go up?
Currently, ITC trades at Rs 210 per share, up 1.6% on Thursday. … Standalone revenue was up 24.1% from the previous year to Rs 14,023 crore on account of robust recovery across all the segments boosted by increased demand for discretionary products, analysts at Geojit Financial Services said.
Why ITC price is falling?
Shares of consumer goods giant ITC fell over 2 per cent on Wednesday after the company reported weaker net profit for the March (Q4FY21) quarter. … The FMCG, cigarette and hotel major reported a year-on-year net profit of Rs 3,748.41 crore for the March quarter on Tuesday.
Is ITC a zero debt company?
Company is almost debt free. Stock is providing a good dividend yield of 5.12%.
Which is the best share to buy today?
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Which companies will give bonus in 2021?
List Of Companies Issuing Bonus Shares in India 2021
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Will ITC issue bonus shares in 2021?
It will give it when the price will be trading at good levels. No sure what kind of policies they follow. But if the shares rises above Rs 300 or something like around Rs 350 or 400, then chances of any bonus will be higher. If the stock remain around Rs 200 in 2021 also, then chances of any bonus are highly unlikely.
Is ITC undervalued?
ITC is the second largest FMCG company after Hindustan Unilever (NS: HLL ) Limited (HUL) in terms of market capitalization, it also has great free cash flow abilities, and it is one of the undervalued stocks in the FMCG sector when compared to its competitors.
Why ITC is not increasing?
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!
What is the Fullform of ITC?
The Company was incorporated on August 24, 1910 under the name Imperial Tobacco Company of India Limited. As the Company’s ownership progressively Indianised, the name of the Company was changed to India Tobacco Company Limited in 1970 and then to I.T.C. Limited in 1974.