Know why ITC remains a “VALUE PICK” for Anil Singhvi; long term investors must remain invested, he says
While the Q4FY21 results posted by ITC Ltd were weaker than the expectations, Zee Business Managing Editor’s trust on the FMCG major remains intact. He reiterates his stand on ITC and advises the investors to stay put in the stock as there were no issues with the company. He called it a “value pick”. Know what is the reason behind this optimism?
The Market Guru said that though the results are not as per the expectations of many, they are not bad at all. He also said that ITC is a company which remains strong despite this result.
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This stock is trading around Rs 210 and is a Nifty stock. The dividend yield is around 5 per cent which is not bad in terms of the price of the stock, Singhvi said.
ITC’s revenues went up by 22.6 per cent year-on-year (YoY) at Rs 13,294 cr while the operational profits stood at Rs 4473 cr.
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ITC के नतीजे अनुमान से कमजोर... अब क्या करें?
अनिल सिंघवी- ITC पर भरोसा बरकरार, अभी भी वैल्यू PICK...
— Zee Business (@ZeeBusiness) June 2, 2021
Singhvi said that ITC stock is a value pick and investors who have a 12-month horizon can stay with the stock. The stock should be accumulated at levels around Rs 205. There are no fresh triggers for this stock so the investors can collect this stock gradually and there is no rush, he further said.
He said that his 100 per cent trust on this stock remains intact. He said that ITC will earn money for its investors and there is no doubt about it. He advised investors to not worry about this stock.
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