ITC: Analysts decode company's first-ever investor meet statements

Though ITC is well-covered by consensus, whether it is well-understood has always remained a question, analysts believe

The possibility of listing its Infotech business and addressing concerns for the other business segments such as hotels, FMCG and tobacco in the first-ever investor’s meet by ITC has seen most analysts give a thumbs-up to the company’s ambitious plans and have a ‘buy’ rating on the stock.

At the bourses, ITC, however, has been an underperformer. Since March 2020 when the markets hit their low on account of Covid-led scare, ITC has moved up around 48 per cent till date as compared to 62 per cent rise