Today’s stock to be analyzed is ITC Limited
Established in 1910, ITC is the largest cigarette manufacturer and seller in the country.
ITC started as a single product and now one of the largest multi-business companies. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri-Business. Today it is the 12th largest company by market capitalization in India.
With this legacy also, ITC is currently undervalued and has given returns less than Index to its shareholders. But things seem to be changing for it now.