Smart Investor: #ITC

Monday, March 6, 2023

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Q3 FY 23 Results and outlook

Company declared an aggregate equity dividend of Rs 11.5 per share during last one year.

ITC posted a NP of Rs 5,031 cr in the December quarter, up 21% YoY, and a marginally 2.3% higher revenue from operations of Rs 16,226 crore.

EBITDA surged 25% YoY to Rs 5,183.5 crore, OPM jumped by a whopping 574 bps in Q3 FY23 to 31.95% due to price hikes and an improved mix.

Returns

ITC shares are quite bullish and trading positive -

gone up by by whopping 70% on yearly basis,

gone up by 22% in the last 6 months and

gone up by 15% in the last 1 month

Currently trading year high and is technically bullish trading 50, 100, and 200 DMA

Any declines in the price will present a golden opportunity to add the blue chip share to your portfolio.

Saturday, May 16, 2020

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

Smart Investor
Equity Research