You can look at ITC as a catch up play at best but cigarettes business remains dominant and that is going to be an overhang. Some bounce is possible but if you are playing the FMCG theme, I would suggest you look at stocks like Marico and Dabur rather than ITC. They promise better long term value. Globally, cigarette stocks have been value destroyers in the long run.
You can look at ITC as a catch up play at best but cigarettes business remains dominant and that is going to be an overhang. Some bounce is possible but if you are playing the FMCG theme, I would suggest you look at stocks like Marico and Dabur rather than ITC. They promise better long term value. Globally, cigarette stocks have been value destroyers in the long run.