Stuck with an investment in ITC? Here's how the stock looks on the charts

On year-to-date (YTD), basis, ITC has slipped nearly 24 per cent. In comparison, the Nifty FMCG index has gained 2 per cent, while the Nifty 50 has slipped 5.3 per cent during this period

At ITC’s annual general meeting recently, Chairman Sanjiv Puri admitted that the focus on ESG (environmental, social and governance) investing had created headwinds for tobacco stocks globally. 

The stock of the company that projects itself as a diversified conglomerate with a portfolio of cigarettes, hotels, agri-commodities, paperboards and specialty paper, and fast moving consumer goods, has been a massive underperformer at the bourses thus far in calendar year 2020 (CY20). On year-to-date (YTD), basis, ITC has slipped nearly 24 per cent. In comparison, the Nifty FMCG index has gained 2 per cent, while the Nifty 50 has slipped 5.3 per cent