ITC _Making of an Indian FMCG Giant

ITC continue to out perform nifty and has history of rewarding its share holders and I am fortunate to be among one of them.It seems that dream run may continue for some more years and its FMCG business may cross 100000 Crore in future. More over it is multiple play on hotels,Agri ,paper in addition to Cigrate.In my view it is a must have stock for those conservative investers who want Nifty plus steady out performance .This is no advice to buy but just for discussion among members .

 

itc also diversifying into diary industry in big way. in my view it is a stock to hold for the dear life since you are a early buyer.

 

Sooper call heavy gains are there from blue chip stock.

ICICI has recommended buy with TP Rs. 407.

"ITC Ltd (ITC)

Eliminating ‘ Tax o n Ta x’…

With the clarity emerging on new indirect tax rates on cigarettes, we
believe net tax incidence on ITC would come down by 4.5% mainly due
to elimination of cascading effect of taxes. Considering anti profiteering
clause in place cigarettes prices are likely to come down by 2.5%. After
five consecutive year of increase in duties & taxes on cigarettes, GST
implementation has come as advantage for cigarettes companies. We
believe the company would continue to concentrate on low priced (64 &
69 mm) cigarettes to derive higher volume growth. Notably 64 mm
category volume contribution has increased from ~20% to ~32% in last
one year. We have built in 4% volume growth for the FY18E and 5% price
hikes as the company has increased prices earlier this year to the tune of
11-14% on above 69 mm portfolio. We remain positive on the stock and
raise our target price to | 407 per share."

 

stock is shooting down. heavy loss is there. 13%

 

Indeed the dream_run will continue!!!!!

 

ITC- Bad day for a great stock!!
ITC shares hit a low of Rs 276.90 apiece on the BSE and fell as much as 14.99%, heading for its steepest fall since May 1992, when it closed 18% lower
Read more: ITC erases Rs50,000 crore in market value, shares tank 13% on higher cigarette cess
Also read: https://www.tradebrains.in/best-stocks-for-long-term-investment-in-india/

 

Is the dream run is over for ITC ??? The subject line stands changed from ITC_dream run to continue to making of an Indian FMGC

It must surely hurt to have egg on your face when strong belief's in a share crash like a house of cards (in just one stroke)

 

This is a temporary glitch in ITC. ITC will come back. It is investing heavily in FMCG space and it is close to market leader within short span of time. When it comes to stationaries, I always remember Classmate as my first choice. Such is the impression and quality of the company. Good time to accumulate this giant.

 

ITC is an excellent stock. It is up 19% in the CY and has outperformed the 12% rise in the Nifty.

The valuation discount to its FMCG peers and efforts to shift focus towards other business verticals appear to have made the stock to be in demand.