Question: Is It Worth Investing In ITC?

What is intrinsic value of ITC?

ITC LimitedAs OfIntrinsic ValueMarket Price30 Sep 2020Rs.

136.65Rs.

171.7022 Jan 2021-Rs.

210.70.

Why are ITC shares dropping in 2020?

Why is ITC Ltd stock falling? COVID pandemic and the subsequent lockdown April-May 2020 dented the performance of ITC Ltd in Q1 FY21. Net Profit declined by 26.2% YoY to Rs. 2,343 Cr in June-quarter due to the dampened sales across Cigarette, Hotels and Papers and Packaging business verticals.

Is ITC debt free company?

ITC is well-known for being in the category of ‘Debt-free companies that pay dividends’.

Which company will give bonus share in 2020?

BONUS ISSUESCompany NameProportionEx-Bonus DateTiaan Consumer1:402-Jul-2020Keerti Knowledge21:1001-Jul-2020Macpower CNC Machine2:10030-Jun-2020Veeram Securities134:10013-Apr-202088 more rows

What is the dividend declared by ITC 2020?

PREMARKETDividends Declared26/06/202006/07/2020Rs.10.1500 per share(1015%)Dividend13/05/201922/05/2019Rs.5.7500 per share(575%)Dividend16/05/201825/05/2018Rs.5.1500 per share(515%)Dividend30/05/201705/06/2017Rs.4.7500 per share(475%)Dividend22 more rows

Which shares will rise tomorrow?

stocks to buy tomorrow intraday NSE. Stocks going UP tomorrowCompanyToday’s MovementTomorrow’s MovementSubex SUBEXLTD Experts ViewBullishmight go UP Tomorrow buySwan Energy SWANENERGY Experts ViewBullishmight go UP Tomorrow buyTechindia Nirman TECHIN Experts ViewBullishmight go UP Tomorrow buy6 more rows

How many brands does ITC have?

ITC has built 25 world-class mother brands within a short span of time. ITC’s new FMCG brands currently represent nearly H16,000 crores in terms of annualised consumer spend, and several of the Company’s brands have assumed market leadership in a short period of time.

Is it good to invest in ITC now?

100% professionaly managed,transparency in business, high ethics,good policy to reward investors….all make ITC a good bet to buy with a long term perspective. Now is the best time to buy. One will give advice to buy ITC only with vested interest.

Does ITC give dividend?

Dividend for the financial year ended 31st March, 2020 The Members of the Company, at the 109th AGM held on 4th September, 2020, declared dividend of Rs. 10.15 per Ordinary Share of Re. 1/- each for the financial year ended 31st March, 2020.

What is holding up the long awaited ITC rally?

“About 80-85% of our capex is going toward the non-cigarette businesses,” ITC’s newly appointed CFO Supratim Dutta advised ET. … “About 90% of our employees are working on non-cigarette businesses.

Is ITC undervalued?

Paras Bothra, President of Equity Research, Ashika Stock Broking, told Business Insider that “ITC looks to be undervalued from a valuation perspective, and hence it is a good value Buy.”

Is ITC a multibagger?

Therefore, ITC has an ROCE of 25%. In absolute terms that’s a great return and it’s even better than the Tobacco industry average of 14%.

Will ITC share price go up tomorrow?

Itc target prediction for March 2021 are 257.53, 241.17, 224.8 on the upside, and 160.47, 176.84, 193.2 on the downside. … Itc target prediction for May 2021 are 282.13, 251.76, 221.39 on the upside, and 135.87, 166.24, 196.61 on the downside.

What is the full form of ITC?

The Company was incorporated on August 24, 1910 under the name Imperial Tobacco Company of India Limited. As the Company’s ownership progressively Indianised, the name of the Company was changed to India Tobacco Company Limited in 1970 and then to I.T.C. Limited in 1974.

How many products are there in ITC?

Today, ITC is proud to have crafted a vibrant portfolio of around 25 mother brands that encompass diverse businesses – branded packaged foods, personal care, lifestyle retailing, education & stationery products, incense sticks and safety matches, as well as hotels.

Is ITC worth buying?

ITC has been consistently growing year after year since 2000 till year 2019. Its Market Value was just 18 thousand crore in year 2000. Last year 2019, ITC was worth 3.63 lac crore ! The above chart shows its consistent growth for past 19 years.

Who is the owner of ITC?

Sanjiv PuriITC LimitedFormerlyImperial Tobacco Company of India Limited (1910–1970) India Tobacco Company Limited (1970–1974) I.T.C. Limited (1974–2001) ITC limited (2001–present)HeadquartersVirginia House, Kolkata, West Bengal, IndiaArea servedIndian Subcontinent Gulf CountriesKey peopleSanjiv Puri (Chairman & MD)16 more rows

Will ITC issue bonus shares?

ITC moved higher by 4% to Rs 337 on the BSE after the cigarette maker announced a bonus issue in a ratio of 1:2. “The board has recommended issue of bonus shares in the proportion of 1 bonus share of Rs 1 each for every existing 2 fully paid-up ordinary shares of Rs 1 each,” ITC said in a statement.