Is ITC Good For Long Term Investment?

On its suggestion to positional investors in regard to itc shares, Edelweiss Wealth research report has recommended stock market investors to buy ITC shares at current levels for long term target of ₹450 maintaining stop loss at ₹220 apiece levels.

Why ITC share is low?

ITC share price today slumped around 5 per cent after the news break of Government of India forming committee for finalising taxation policy for tobacco The stock hit an intraday low of ₹248.70 on the NSE in early deals.

How many times ITC give dividend?

ITC Ltd. has declared 24 dividends since July 3, 2001. In the past 12 months, ITC Ltd. has declared an equity dividend amounting to Rs 11.50 per share.

Does ITC give dividend every year?

For the year ending March 2022 ITC has declared an equity dividend of 1150.00% amounting to Rs 11.5 per share At the current share price of Rs 284.35 this results in a dividend yield of 4.04%. The company has a good dividend track report and has consistently declared dividends for the last 5 years.

Will ITC grow in future?

There should be approximately 20 per cent gain to topline YoY in 2021-22 and another 8 per cent revenue gains in 2022-23, and again around 8 per cent in 2023-24. This should translate into a 17-18 per cent rise in Ebitda in this financial year and another 11-12 per cent Ebitda growth in 2022-23 YoY.

Will ITC stock rise?

ITC shares have been rising for last four sessions In last four days, ITC scrip has surged from around ₹254 to ₹281, logging more than 10 per cent rise in this period. The stock has been in uptrend after 24th February 2022 and it has delivered more than 25 per cent return to its shareholders in 2022.

When did ITC last split?

ITC had last split the face value of its shares from Rs 10 to Rs 1 in 2005. The share has been quoting on an ex-split basis from September 21, 2005.

What was the price of ITC in 2004?

20.00/- per Share to its shareholders.

When did ITC go public?

The company was converted into a Public Limited Company on 27 October 1954 The first step towards Indianization was taken in the same year with 6% of the Indian shareholding of the company. ITC also became the first Indian company to foray into consumer research during this time.

Why is ITC stock not growing?

Today’s trend of investment is ESG Environmental, Social, Governance. It is hurting social element hence people are avoiding ITC because of which it is not moving Also paper and hotel business was affected due to COVID but now since everything is coming back to normal we can see some move.

Is ITC worth investing?

Cash flow wise, ITC has always produced a higher amount of cash and free cash which has just given work to so many other businesses. Given there are no hurdles both on the investing side as well as on the business side, money has started coming into ITC and that is where we have seen the action”.

Is ITC a good company?

ITC Limited is one of the best company in India A good company to work for, as the Management Team are very caring and understanding towards their employees with a lot of empathy. Work place culture is good, though at times working hours were long at times.

Why should I buy ITC shares?

“Fundamentally, ITC reported a well-rounded quarter. It has offered a combination of decent growth, dividend yield & inexpensive valuation Hotels, paperboard, and Agri business are tracking well,” Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd, said.

Why ITC stock is rising?

ITC’s dividend have given better returns than fixed deposits The company has strong corporate governance, majority in cigarette business and all these factors make ITC a good long term investment bet,” Chopra added.

Is ITC a public company?

ITC is one of India’s foremost private sector companies with a Gross Sales Value of ₹ 90,104 crores and Net Profit of ₹ 15,058 crores (as on 31.03. 2022). ITC has a diversified presence in FMCG, Hotels, Packaging, Paperboards & Specialty Papers and Agri-Business.

What is the meaning of ITC share?

ITC is a leading player in India’s tobacco industry The market share of the Indian Tobacco Company is more than 70%, making it the market leader in cigarettes.

What’s the full form of ITC?

The Company was incorporated on August 24, 1910 under the name Imperial Tobacco Company of India Limited As the Company’s ownership progressively Indianised, the name of the Company was changed to India Tobacco Company Limited in 1970 and then to I.T.C.

Is ITC Giving 2022 dividend?

ITC said the dividend will be paid between July 22, 2022 and July 26, 2022 to entitled members. Shares of ITC traded flat at Rs 266.40 on the BSE in Thursday’s trade in an otherwise firm market, after the stock turned ex-dividend of Rs 6.25 per share. The stock hit a high of Rs 268.55 and a low of Rs 263.85 on the BSE.

Is dividend paid monthly?

Dividends are paid quarterly or annually.

What is the record date for ITC dividend 2021?

Interim Dividend 2021-22 5.25 per Ordinary Share of Re. 1/- each and fixed 15th February, 2022 as the Record Date for this purpose.

Does Tata Motors give dividend?

The company has a good dividend track report and has consistently declared dividends for the last 5 years Recommended a dividend of Rs. 4/- per Ordinary share (200%) and Rs. 4.10 per ‘A’ Ordinary share (205%), both of face value of Rs.

How much dividend is tax free in India?

As per Section 194, TDS shall be applicable to dividends distributed, declared or paid on or after 01-04-2020, an Indian company shall deduct tax at the rate of 10% from dividend distributed to the resident shareholders if the aggregate amount of dividend distributed or paid during the financial year to a shareholder.

Why is ITC bullish?

ITC share price today is ₹249.95 per share levels on NSE. Speaking on the reason for being bullish on ITC shares; Edelweiss Wealth research report said, ” A strong upside move of prices on the ratio chart of ITC/FMCG suggests a strong out-performance by the stock in the sector.

Why is ITC so successful?

The ITC success is because of its deep pockets , for a start. The company has been able to spend a disproportionate amount of money on advertising and promotion expenditure over the last decade.

Is IOC good for long term?

IOC has been one of the most stable public sector refiners in India , growing its net profit at a CAGR of 13.3% over the past five years, while sales grew at 13.6%.

Who is the owner of ITC?

Sanjiv Puri (60) is the Chairman & Managing Director of ITC Limited.

What is the future of ITC share Quora?

ITC is a Good share to invest for Long term returns. Definitely you can hold ITC for 5 to 10 Years ITC is a Good Dividend share as well The Dividend announcement price is always More than Bank Fixed Deposit. ITC has declared an equity dividend of 1015.00% amounting to Rs 10.15 per share ending March 2020.

Which is the best company to invest in India?

  • Reliance Industries Ltd
  • Tata Consultancy Services Ltd
  • HDFC Bank Ltd
  • ITC Ltd
  • Hindustan Unilever Ltd
  • Wipro
  • Infosys Ltd
  • State Bank of India.


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