however unlike in the past, ITC’s FMCG business is showing a lot of traction. Demerger of the hotels business will also unlock value.
ITC is like a fixed deposit for me. My purchase at Rs 190 levels a few years ago is giving me a dividend of nearly 8 per cent which is growing at around 10-12 per cent annually. The demerged hotel biz, other businesses which may get demerged in future and the expanded valuations are all icing on the cake for me.
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