After September 2019 results where ITC declared a 35% growth in its profit, slow down in its mainstay cigarettes business. FMCG business showing nominal growth & having overall growth of 8% in its sales. ITC remains a dividend play, 500% dividend to continue as profits so far are meeting...
Read More
Correction in the market has brought opportunities to invest in long term businesses for legacy. What are those businesses? Why these businesses have consistent long term growth? How have these FMCG businesses fared in the last 20 years? One such opportunity for investment is now available in ITC.
Why this correction? Re-categorization by MF’s brings divergence between Mid Caps & Large Caps, closing in of the divergence with triggers from Currency depreciation, Crude Oil price increase along with IL&FS, DHFL debt crisis brings steep correction to the markets. How long it will last? We are close to...