Dealer’s name: ITC (Purchase) – The Hindu BusinessLine
Goal: ₹555 CMP: ₹438 ITC’s Dec-Q earnings had been beneath expectations general. Cigarettes efficiency seemed muted y-o-y (volumes down 2 per cent) however longer-range information suggests a more healthy state of affairs (4 yr CAGR of 4 per cent – tad beneath September quarter’s 5 per cent however higher than the previous two quarters). Notably, … Read more