Monday, December 7, 2020

ITC | Stock to Buy | Price Outlook

 

ITC LTD.

Stock/Share Price: 200


➽ In this article we will discuss recent development in the StockShare of ITC in the Stock Market.

ITC has a diversified presence in FMCG, Hotels, Packaging, Paperboards & Specialty Papers and Agri-Business. Most of its revenue comes from cigarette manufacturing and sales.
 

Key  Summary


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 

Strong Momentum: Price above short, medium and long term moving averages



Technical Chart & Price Outlook


ITC Stock was underperforming the market from the long time. But now ITC made its bottom and after consolidation it start rising . Now long position in the stock can be made for the potential level of 218 - 234 in the short term ,  284- 304 in the mid term and 389-424  in the long term time frame. Now we should follow buy on dips strategy in the ITC  stock.


Recent Valuation Summary

A high dividend paying company nearly dividend yield of 5% annually. Stock is available at fair valuation.


Recent Financial Summary


Both sales and profit is increasing significantly for the 3 previous year . 


Thanks for your Precious Time.


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Disclaime
r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.


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