Is it worth investing in ITC?
What we like about ITC is the fact that it is a good 5% to 6% kind of a dividend yield play. For those investors who are happy getting into a stock for dividend and where the downside risk is limited, ITC could be a good fit but for growth oriented investors looking to outperform the market, ITC does not fit the bill.
Is ITC a good buy for long term?
ITC is another stock being recommended by broking firm Motilal Oswal. The firm has set a solid target of Rs 265 on the stock, against the current market price of Rs 214. Many analysts are also recommending the shares of ITC for the dividend yield that it could offer in the coming years.
Should I buy ITC shares 2020?
ITC may be an excellent option for dividend investors who want to reduce their downside risk, but it is not a strong choice for growth investors who want to outperform the market. At 12.45 pm, shares of ITC were trading at Rs 210.05, lower by 2.44% on NSE.
Why is ITC share price so low?
ITC’s cigarette business, which accounts for roughly 85% of its earnings before interest and taxes in FY20 (EBIT) has been hit hard by ESG concerns in recent years, resulting in a drop in price-to-earnings multiples.
Why ITC is not growing?
The simple reason behind this is that ITC’s FMCG brands are relatively much younger. While the likes of Britannia have been in business since Gandhiji’s times, ITC forayed into FMCG much much later, only in the 2000s. … All in all, ITC is still a Cigarette company trying its hand in the FMCG sector!
Which share is best to buy now?
10 stocks to buy now that could make you rich
- Larsen & Toubro. …
- Dr Reddy’s. …
- Dr Lal Pathlabs. …
- Vinati Organics. …
- Pidilite Ltd. …
- Coforge. …
- Kotak Mahindra Bank. …
- HDFC Ltd.
Which stocks are best to buy today?
Buy BPCL, target price Rs 535: Emkay Global
- Buy KSB, target price Rs 1411: Anand Rathi.
- Buy Bajaj Electricals, target price Rs 1225: ICICI Direct.
- Add Colgate-Palmolive (India), target price Rs 1809: HDFC Securities.
- Buy Stove Kraft, target price Rs 950: Angel Broking.
Is ITC debt free company?
ITC is well-known for being in the category of ‘Debt-free companies that pay dividends‘. 2. … The company is so entrenched within the general Indian psyche that more than nine out of ten households in India use one or the other products offered by the company.
Should I buy or sell Yes Bank?
Emkay Global has a sell rating on the stock of Yes Bank. In fact, the firm sees a solid 25% downside risk on the stock of Yes Bank. … In any case, the markets are at near peak levels and given that the shares of Yes Bank are highly volatile, only brave investors could be buying.