English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    you are here: HomeNewsBusinessMoneycontrol Research

    ITC: Inexpensive valuation and higher dividend yield should trigger re-rating

    We expect ITC to continue to remain aggressive in the FMCG space and the market share and the volumes are likely to remain higher

    Nandish Shah
    November 09, 2020 / 04:50 PM IST
    ITC: Inexpensive valuation and higher dividend yield should trigger re-rating

    ITC products (Image: Moneycontrol)

    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

    ITC’s (CMP: Rs 174; Market capitalization: Rs 2,14,046 crore) quarterly results were in line with expectations. Cigarette volumes declined by around 12 per cent as against an anticipated 9 per cent. Hotel and paper & packaging continued to face headwinds on the back of lower business travel and leisure trips, curtailed operations at offices and closure of schools. September quarter results analysis ITC’s revenue declined 3 per cent year on year (YoY) on the back of a decline in cigarette revenue...

    • PRO Panorama

      Moneycontrol Pro Panorama | Banking fragility and the heavy hand of the State

      Mar 24, 2023 / 02:00 PM IST

      In today’s edition of Moneycontrol Pro Panorama: Fed's pause a clue to investors, layoffs a sign of structural slowdown in busin...

      Read Now
    • PRO Weekender

      Moneycontrol Pro Weekender: Between the Fed and a hard place

      Mar 11, 2023 / 11:38 AM IST

      The Fed is caught between combating inflation and worries over a financial mishap

      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