Cigarette Business Trades At 7% Discount to Philip Morris

February 28, 2018

On Wednesday, it was noted that the Credit Suisse has maintained top rating on ITC. Believing the firm, company is trading at a very large discount to other Indian consumer staples.

Recently, the company’s discount over Hindustan Unilever is at 50 percent. This is said to be the highest discount in a decade.

On the other side, the company’s cigarette business trades at 7 percent discount to a global company Philip Morris.

Experts believe that its earnings are likely to grow in double digits over FY18-20.

On the BSE, at 13:30 hrs ITC was quoting at Rs 263.65, down Rs 2.55, or 0.96 percent.

The share touched its 52-week high Rs 353.20 and 52-week low Rs 250.35 on 03 July, 2017 and 15 November, 2017, respectively.

At present, it is trading 25.38 percent below its 52-week high and 5.27 percent above its 52-week low.

 

About Neha Singh

I am a content writer at Money Classic Research. I am first a Fashionista and then a writer. Born and brought up in the heart of India. I am better known for my creativity and passionate nature. I have expertly written content for magazines as well as for blogs.
By: Neha Singh

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