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TOBACCO BUSINESS VALUATION
ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrongKotak Securities estimates ITC’s tobacco business is valued at just 11X forward earnings, suggesting potential undervaluation. The brokerag...- What if Meta loses trial? Penalties may top $1.4 trillion, matching its market capMeta, which owns Facebook and Instagram, is being sued by a bipartisan coalition of states on allegations of deceiving the public and desig...
- These 7 bank stocks have an upside potential of up to 27% in one year, according to analystsConsider how things have panned out for the banking sector in Q1 FY27. The quality of loan books has improved. Though credit growth was not...
- For investors with ability to ignore short-term volatility: 5 mid-cap stocks from different sectors with upside potential up to 19%Most of what impacts the market these days comes from outside the country: Oil price spikes, tariff threats, FII pull out. There is, howeve...
- 'I have withdrawn all legal cases against mother,' says Samir ModiSamir Modi has withdrawn all legal cases against his mother, Bina Modi. This action comes amid ongoing efforts to settle the distribution o...
- ITC charts growth strategy as cigarette tax hike hits stockITC Chairman Sanjiv Puri said the company is tackling higher cigarette taxes through calibrated price hikes, product innovation and diversi...
- These 7 private and public banking stocks have an upside of up to 24% in one year, according to analystsAt the end of the day, both private and PSU banks are equally impacted by what goes on in the economy. If they are behaving differently in ...
- Tax shocker makes Nuvama downgrade ITC shares, says cigarette prices can go up 20%Nuvama cut ITC’s target price to Rs 415 and downgraded the stock to hold after the government announced a sharper-than-expected hike in cig...
- ITC gains 4.5% on BAT stake sale, analysts see another 10-15% upside"Major uncertainties hovering around the stock are over, while business fundamentals are intact," said Kaustubh Pawaskar, analyst, Sharekha...
- This fund manager trounces most Indian peers by betting against ESG tradeThe Parag Parikh Flexi Cap Fund boosted its holdings of Indian cigarette maker ITC Ltd and Coal India when valuations were low, according t...
- Attractive valuation! ITC shares can rally up to 18%, says SharekhanThe brokerage firm reiterated a buy on ITC with an unchanged target price of Rs 450. Attractive valuations at 23x/21x its FY2024/FY2025E EP...
- What is holding up the long-awaited ITC rally?According to Tandon, the evolving concept of ESG-themed investing is being reflected in the stock market reception of ITC. Citing the views...
- Taxation not the only concern for ITC stockInvestors waiting for a better environment for the cigarette business are likely to be disillusioned
- For investors, tobacco is a bigger sin than alcohol? Or, so say their stocksEver since 2016, valuations of major global tobacco stocks have seen consistent de-rating.
- Get ready to buy consumption cos on dips: Dipan MehtaInvestors waiting for value unlocking at Reliance Industries, says Mehta.
- Sin stocks turn untouchable on D-Street; and there is a good reason for thatA sin stock is scrip of a company engaged in activity deemed unethical or immoral.
- Expect 24-26% upside in ITC over next 12 months: Gaurav MehtaAt the prevailing valuations, the Street is factoring in around 6% volume de-growth For ITC, which we think is too pessimistic, says Mehta.
- ITC gains 3% intraday, may separate its core tobacco business amid growing regulatory pressureITC has set an ambitious target of making the FMCG segment a Rs 1-lakh-crore business in the next 15 years.
- Philip Morris may go soloUS cigarette major seen interested in buying out partner in Godfrey Phillips, but Modis deny move.
- ITC sees growth momentum despite VATDespite the decision to impose a 12.5% VAT(value-added tax) by many state governments on tobacco, cigarette major ITC believes that its gro...
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