ITC is a FMCG company and is taking long time to expand the product portfolio.
The price of ITC is stagnating and is likely to go down in the short term
The one year chart of the company shows that the scrip has been falling since last 12 months and we had a steep fall in Feb / March.
It is better to avoid scrips like these as we do not know when will the price stabilize and give positive returns.
Raghav
Equty Research Analyst
Equty Research Analyst
Smart Investor
Equity Research
Equity Research