HomeNewsBusinessMarketsIdeas For Profit | ITC analyst day: Value unlocking plans and why market remains unimpressed
Trending Topics

Ideas For Profit | ITC analyst day: Value unlocking plans and why market remains unimpressed

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.

December 16, 2021 / 19:54 IST
Story continues below Advertisement

Moneycontrol News
first published: Dec 16, 2021 07:54 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!