ITC - Buy on declines

An established cigarette major, 60% of ITC's revenues are contributed by other businesses such as FMCG, hotels, paper, stationery and agriculture. Nevertheless, ITC relies heavily on the cigarette business as it generates 80% of net profit. Consistent growth, strong cash flows and high dividend payout of more than 45% make the company a safe haven for investors in these uncertain times.

Time Span	Price	Change	%Change
Today	196.85	-5.50	-2.71
Week	198.85	3.50	1.76
Month	200.80	1.55	0.77
Three Months	189.10	13.25	7.00
Six Months	156.15	46.20	29.58
One Year	163.15	39.20	24.02

Our recommendation -

ITC is a defensive stock and will give a decent return over a long term. Investors should utilize any sharp correction to buy this stock and hold for a period of 18-24 months for a good return on investment. Buy around 180 levels on a weak day !

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