Why is ITC stock 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.
Why is ITC stock underperforming?
The report says that with ITC’s self-imposed near-term moratorium on substantial capex eventually being lifted, as well as the possibility of future acquisitions, RoE could come under further pressure over the medium term.
Why is ITC stock stagnant?
ITC (India Tobacco Company) stock has almost stagnated on the exchanges even as stocks of competing firms and benchmark indexes are enjoying a bull run. Market experts attributed stagnant financial, ESG concern and exposure to Covid-19 businesses as primary reasons that has kept ITC share prices range bound.
Why are ITC shares so low?
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. The stock hit an intraday low of ₹248.70 on the NSE in early deals.
Why is ITC share increasing?
“ITC is benefitting from faster vaccination, which is increasing the likelihood of volume normalisation,” hep said. After being stuck in the Rs 200-220 range for nearly six months, ITC has managed to move above the consolidation range in a handsome manner, trapping the shorts.
Is ITC an underperformer?
ITC has generated a lot of investor interest, but its stock performance has been lacklustre over the past five years even in an unprecedented bull run. Sell-off by FIIsOne of the major reasons for ITC’s underperformance is the continuous selling pressure from big foreign institutional players.
Why is ITC share not moving?
ITC has huge financial muscle. It is the largest FMCG company in profits. It has all the components to win. ESG is the only reason the stock is not moving,” says Abneesh Roy, Executive Vice-President (Research), Edelweiss Securities.
When did ITC stock split?
PREMARKET
| Splits History | ||
|---|---|---|
| Announcement Date | Old FV | Ex-Split Date |
| 17/06/2005 | 10 | 21/09/2005 |
Why ITC share is rising?
While Nifty50 is up more than 25 per cent in 2021 so far, shares of the cigarette-to-shampoo company have risen 15 per cent. Stock score of ITC Ltd moved down by 2 in an year on a 10-point scale. “ITC is benefitting from faster vaccination, which is increasing the likelihood of volume normalisation,” hep said.