A clean laser focused Company
A clean laser focused Company
Rebooting the energies
You can love it, you can hate it but you cannot ignore it !
A Colourful play on economic revival… will it become your portfolio’s raunak?
Hope that it keeps plugging in
Keeps your spirit high !
Disclaimer: The information presented above is no advice/ recommendation. Please do your own independent research before taking any investment related decision.
It has been observed that ITC has the pricing power since whenever govt increases the taxes they also increase the price of cigarettes and the demand doesn’t get significantly impacted but despite that it has never become the darling of the market
Agreed. and that’s true for most of cigarette companies globally
Whats your thoughts around free float of ITC and constantly increasing equity YoY? Is the playing a spoilsport when it comes to the share price?
Not a big deal as per me.
ITC is a great co. in India suffering from too high float & bloated capital. The Co.Must stop issuing bonus shares & start periodic buybacks to reduce the float & use its FCF. BAT is a hurdle in buyback as its direct stake if increased may invite open offer. But ITC can pass any special resolution ignoring BAT as BAT is less than 26% & ITC enjoys full confidence of institutions. Of course this is my personal view only & not a great piece of knowledge.
Great suggestions Kiran. Buyback is surely going to help. Imprudent use of capital has been a huge overhang for long and reduction in capital is surely a step in the right direction.
The unlocking of value will.happen only when the different businesses are housed in different companies..
Demerger can unlock value.
Buyback will also work.
And just wait for its other than cigarettes FMCG to stabilise..they are still in launch mode for so many products and brands
Agreed.
Let’s hope it sooner than later. It will surely create a short term positive sentiment around the stock.