Saturday, November 7, 2020

About ITC

This view is just an angle to see  how deeply the stock price of ITC is depressed in coparision to the others FMCG stocks.On comparing its price to the price of HUL  it is just one third.  Imagine a company of Rs 430000 cr is just making  the profit of nearly Rs  2000 cr and a company of just Rs 215000 cr is making profit of more than  Rs 3200 cr. Is it justified? Absolutely not .But  it is stock market.Here prices of stocks doesn't follow any rule.Perhaps this is the beauty of stock market.

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