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Is ITC undervalued stock?
ITC, a long-undervalued stock, surged as much as 8 percent on September 16 to the highest level in seven months, after a period of consolidation since the beginning of 2021. The Nifty 50 has gained more than 25 percent and the FMCG index has jumped over 19 percent since the start of the calendar year.
Earnings per share (TTM) tells the profit after tax earned on a per share basis by a stock over the last twelve months or four quarters….Key Metrics.
| 1 Month | 0.93 |
|---|---|
| 6 Months | 0.68 |
| 1 Year | 0.78 |
| 3 Years | 0.78 |
Why is ITC 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.
Should I invest in ITC stock?
One should not invest in ITC, just because ITC is fundamentally strong company. Though FMCG sector are not much volatile, You need know how much risk you can withstand, you need to how ITC stock price has moved historically during volatile times.
Why ITC stock hit new high of Rs 299 last Friday?
ITC’s stock touched a new high of Rs 299.2 last Friday following a stellar performance logged by the company in the September quarter. Most investors who had not invested in the stock would be sulking on the missed opportunity of participating in the gains made by the tobacco-to-FMCG major over the last couple of years.
Will the price of ITC go up in the next 5 years?
The prices will most probably go up in next 5 years, but will it hit double digit growth or not is hard to say (as inflation itself will be around 7\%–10\%) The TL;DR answer – Invest in ITC in small packets (i.e. 10–20 shares) regularly if you are interested in very long term investment period of at least 5–10 years.
Why has the ITC stock lost 40\% since Sanjiv Puri took charge?
The ITC stock has lost 40\% of its value since the company veteran Sanjiv Puri assumed the role of chairman and managing director in May last year. FMCG companies have traditionally changed CEOs during volatile times — generally appointing a company outsider — that resulted in improvement in shareholder returns.