English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    Live Now |Super25 3.0- India’s Largest Online Stock Traders Conference brought to you by Moneycontrol Pro & Espresso
    you are here: HomeNewsBusinessMoneycontrol Research

    ITC: Do good dividend yield and reasonable valuations make it a winner?

    Higher incidence of tax on cigarettes by the government can affect ITC’s profitability

    Nandish Shah
    June 29, 2020 / 01:06 PM IST
    ITC: Do good dividend yield and reasonable valuations make it a winner?

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    A huge rally in the markets from its March bottom has meant that most stocks are fully valued or trading at stretched valuations. One frontline stock that is offering value in an overheated market is ITC. The company is trading at reasonable valuations (perhaps the cheapest in the FMCG space) and offers good dividend yield as well. While we acknowledge taxation risks to its cigarette business, we believe its capital allocation strategy across various businesses will yield results in the...

    • PRO Panorama

      Moneycontrol Pro​ Panorama | Putting inflation back in the bottle

      May 23, 2022 / 05:47 PM IST

      In today’s edition of Moneycontrol Pro​ Panorama: PM on why Japan matters to India, Paytm’s valuation shock, steel stocks in the line of fire, the Eastern Window and more

      Read Now
    • PRO Weekender

      Moneycontrol Pro Weekender | People’s Bank of China rides to the rescue 

      May 21, 2022 / 10:10 AM IST

      The central bank of China – an outlier in these times of quantitative tightening – has eased its policy to salvage the Chinese economy. And the messaging is not lost on global growth

      Read Now

    To read the full story, Subscribe to Moneycontrol PRO

    Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

    View Plans

    Already a member? Sign in

    Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

    50% OFF

    What Do You Get

    • Ad free experience

      Experience a non-intrusive navigation and faster response in the ad free mode

    • Sharpest Opinions

      Access to 230+ exclusive stories per month from our editorial and Experts

    • +

      Have a Global edge with access to content from world renowned experts and journalist

    • Actionable Insights

      Access to 40+ weekly investment ideas including 4 daily technical calls

    • Virtual Events

      Exclusive access to live webinars from market experts on trading and investment strategies

    • Newsletters

      Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

    View Offers

    Get upto 50% discount on limited period offers