Following ITC’s maiden analyst day, the street remains unimpressed, given that nothing is forthcoming in the short-medium term. ITC’s stock has underperformed the Nifty as well as other FMCG companies. Based on our projections, ITC is trading at a P/E multiple of 16x of FY23 estimated earnings. MC Pro suggests investors with a long-term view to accumulate the stock on declines. Here’s why.
first published: Dec 16, 2021 07:54 pm
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