Wednesday, August 19, 2020

ITC LIMITED Stock/Share Price | Stocks to Watch

ITC LIMITED Stock/Share Price:199

ITC Limited in recent time not performed as expected and not generated much wealth to the investor. On the other hand Hindustan Unilever generated much more return to the investor. 
        In this blog we will discuss recent  development in the ITC like its strength, weaknesses, its Technical Price chart and recent quarterly financial results. After reading this blog we will be more updated and will be in better position in decision making.

ITC PROFILE

> ITC is one of India's foremost private sector companies with a market capitalisation of US $ 50 billion and Gross Sales Value of US $ 10 billion.
>  ITC has a diversified presence in FMCG, Hotels, Packaging, Paperboards & Specialty Papers and Agri-Business.

ITC KEY STRENGTH 

> Company with Low Debt
> Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
> Annual Net Profits improving for last 2 years
> Book Value per share Improving for last 2 years
> High dividends, with rising dividend yields over last five years

WEAKNESSES

> Broker downgrades in price or recommendation in the past one month
> MFs decreased their shareholding last quarter
> Recent Results : Fall in Quarterly Revenue and Net Profit (YoY)
> Recent Results: Declining Operating Profit Margin and Net Profits (YoY)

ITC SHARE PRICE ON TECHNICAL CHARTS

itc share news results fundamental technical price chart , www.finvestonline.com

ITC share is trading in a range where lower support is 180 and upper end resistance is 210. As the ITC share is trading near upper end of the range at 200 level . So it is expected that it will break its upper resistance level of 210. If 210 level is broken with good volume then next level seen in ITC can be 230 to 240.

ITC Recent Quarterly Result Simmary

itc share news results fundamental technical price chart , www.finvestonline.com
Total revenue and Net profit decreased from previous 2 quarters.


Caplin Point Laboratories , CMP : 469 , Angular Breakout , Fundamental And Technical





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