New Delhi, Dec. 28 -- ITC's share price has been under pressure this year, largely due to British American Tobacco (BAT) selling its stake in the company, a 40% GST slab on "sin" goods, corrections in the FMCG sector, and caution due to ITC Hotels' demerger.
ITC shares have declined almost 12% year-to-date, compared to an 8% gain in the equity benchmark Sensex. Over the last two years, the stock has declined 6%, while on a longer timeframe of five years, the stock has delivered a solid return of 105%.
At the current juncture, when the market outlook is tinged with uncertainty-largely due to global factors-investors face a dilemma: is this the right time to buy the value stock? Mint spoke to fundamental and technical experts to gain insi...
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