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ITC share price today slumped around 5 per cent after the news break of Government of India forming committee for finalising taxation policy for tobacco. After the tobacco policy, tobacco companies will be aware about the taxes getting imposed on them, which is not the case these days.
ITC falls after Q2 profit misses Street estimates; should you buy, hold or sell shares now? ITC shares fell a day after the FMCG major’s quarterly net profit missed Street estimates. ITC shares were in focus on Thursday, a day after the FMCG major reported its financial results for the September quarter.
Why did Irctc fall today?
The share price of Indian Railway Catering and Tourism Corporation (IRCTC) declined over 5 percent on Friday amid a sharp fall in overall equity market on renewed fear over a new COVID-19 variant. After opening lower at Rs 846.35, the IRCTC stock price hit the day’s low of Rs 820.10 on the Bombay Stock Exchange (BSE).
Who is owner of IRCTC?
Indian Railway Catering and Tourism Corporation (IRCTC) is under the ownership of Indian Railways, Ministry of Railways, Government of India that provides ticketing, catering, and tourism services for the Indian Railways.
What happened to the stock price of ITC in 2005?
If you see the stock price of ITC for the year 2005. You won’t see any drastic decrease (Except few that might had happened because of the sudden fundamental effects like change in govt policies for tobacco, etc and then corrected by the market after a while).
Is ITC stock overvalued or undervalued?
PE ratio: – Price to Earnings’ ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a LOW P/E are undervalued (it depends on other factors too). ITC has a PE ratio of 19.49 which is high and comparatively overvalued .
What is the operating margin of ITC for the current year?
The operating margin of ITC for the current financial year is 34.15 \%. Dividend Yield: – It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for ITC is Rs 10.75 and the yield is 4.97 \%. ITC was incorporated on August 24, 1910 under the name Imperial Tobacco Company of India Limited.
Is ITC a good stock to buy right now?
With the current selloff, ITC has taken roughly 10 years to double the money which is a very underwhelming performance. The stock has fallen like another company and it’s not even behaving like a defensive stock like at one point it used to be. ITC was a well known defensive stock and now things have changed over a period of time.