Although limited in recent months, ITC is one of the few stocks that is proving resilient enough in a falling market. Brokerages believe the stock can now climb as much as 28% on strong Q3 numbers.
In today’s special podcast with independent market expert Rajiv Nagpal, we try to figure out if this is a must-have stock for long-term investors.
Welcome to the Mr. Nagpal show.
1) Given the government’s choice not to tinker with cigarette taxes in the budget and the high numbers the company posted in the third quarter, how did your view of the ITC changed in the last week?
2) ITC was one of the few stocks not to fall much as other Nifty stocks, which had outperformed earlier, struggled in the recent selloff. So is it one of the most resilient Nifty stocks, even if it doesn’t outperform?
3) What about ITC as a pure dividend game? Isn’t that icing on the cake for long-term investors? Or is this a sign that the management of the company does not know what to do with the free cash flow?
Thank you Mr Nagpal. That’s all in today’s special podcast. But keep checking this space for more such great content. Bye!