Is ITC good for long term investment?

Is ITC a good buy for long term?

ITC is another stock being recommended by broking firm Motilal Oswal. The firm has set a solid target of Rs 265 on the stock, against the current market price of Rs 214. Many analysts are also recommending the shares of ITC for the dividend yield that it could offer in the coming years.

Is it worth investing in ITC?

What we like about ITC is the fact that it is a good 5% to 6% kind of a dividend yield play. For those investors who are happy getting into a stock for dividend and where the downside risk is limited, ITC could be a good fit but for growth oriented investors looking to outperform the market, ITC does not fit the bill.

Which company is best for long term investment?

The most reasonable next step would be to invest in these best long term stocks.

List of the 10 Best Stocks to Buy in India for Long Term 2021.

Stock Returns* in % Market Capitalisation (in Cr.)
Bajaj Finance ltd. 141.23 3,01,224
Coforge ltd. 93.18 17,067
Infosys ltd. 89.43 5,86,204
Jubilant Foodworks ltd. 83.80 38,620
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Is ITC a multibagger?

ITC has created huge wealth for patience investors in past. But from last few years the Speed has just been slow down. The nearest trigger is Demerger which can happen and that can give boost to the stock is medium to longterm. …

Is ITC a zero debt company?

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

Will ITC grow in future?

On our estimates, only 30 per cent of ITC’s stock value is from future growth while 70 per cent comes from current operations – the opposite of consumer staples – showing how little growth is priced in,” said the analysts. Among the key risks to its call are: An economic slowdown and a fall in affordability.

Why ITC share price is going down?

Shares of consumer goods giant ITC fell over 2 per cent on Wednesday after the company reported weaker net profit for the March (Q4FY21) quarter. … Its net profit declined slightly by 1.3 per cent on a year-on-year basis. The net profit of ITC was Rs 3,797.08 crore in the corresponding period a year ago.

Why ITC is not performing?

1. Low Valuations: The company is trading at historical low valuations despite a steady stream of cash flows which were not impacted much during Covid times as well. 2. Dividend Policy: The Company has earmarked 80-85% of the profit for shareholders.

Who is the owner of ITC?

Formerly known as Imperial Tobacco of India, later renamed India Tobacco Company, and finally truncated to just ITC, the 110-year-old conglomerate is 29.4% owned by British American Tobacco Plc.

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Which company share is best?

Top Companies in India by Investments – BSE

Sr Company Change
1 SBI Add to Watchlist Add to Portfolio -0.80
2 HDFC Bank Add to Watchlist Add to Portfolio -18.30
3 PNB Add to Watchlist Add to Portfolio 0.00
4 Reliance Add to Watchlist Add to Portfolio -19.70

Which share will grow in future?

Model Portfolio

COMPANY NAME WEIGHTAGE NO OF STOCKS
Bharat Rasayan 20% 1
KEI Industries 20% 26
Bajaj Finance 14% 2
Britannia Industries 24% 3

Which share is best?

Best Stocks To Buy India For Long Term Holding

SL Name P/E
1 Crompton Greaves 45
2 Gujarat Themis 16.61
3 Nestle India 78.67
4 HUL 72.03

Is ITC undervalued?

“ITC is a value stock and is likely to remain a value buy forever it looks like,” says a fund manager. Note that ITC’s annual profits are more than double those of Hindustan Unilever Ltd (HUL). But its market cap is exactly half of HUL. … ITC’s relatively slower long-term growth outlook also keeps a check on valuations.

What is wrong with ITC shares?

Stock Falling? ITC has presented its Q3FY21 results. The results shows Net Profit has declined by 11.6% YoY to ₹3,663 crore in December Quarter due to dampened sales across Cigarettes, Hotels and Paper and Packaging business verticals.

Does ITC give dividend?

For the year ending March 2021 ITC has declared an equity dividend of 1075.00% amounting to Rs 10.75 per share. At the current share price of Rs 201.35 this results in a dividend yield of 5.34%.

ITC Ltd.

Announcement Date 13-05-2019
Ex-Date 22-05-2019
Dividend Type Final
Dividend (%) 575
Dividend (Rs) 5.75
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