ITC is an Indian conglomerate with diverse business interests, spanning across Cigarettes, Branded Packaged Foods, Personal Care, hotels and Agri. ITC is well diversified players with Cigarette business being a cash cow which enables incubation of new high growth business. The recent quarterly earnings were in line expectations but inflationary pressure weighed on consumption and FMCG business. ITC also offers a decent dividend yield, which can help it outperform in the near term, given the macro headwinds and elevated market volatility. Moreover, post de-merger of the asset-heavy hotel business, the return profile of ITC is expected to improve substantially.
first published: Jan 3, 2025 08:00 am
A collection of the most-viewed Moneycontrol videos.
Nifty Likely To Consolidate Until It Clears 26,000 Mark Decisively | Opening Bell Live
Nifty Slips Over 150 Points From Day's High But Gains For 6th Day| IT Stocks Surge|Closing Bell Live
Jigar Mistry flags potential risk to markets and what investors need to be cautious about
Will Nifty Clinch All-Time High As GIFT Nifty Signals Big Gap Up? HUL Q2 Today| Opening Bell Live
