View On ITC analyst meet By Vinod Nair, Geojit Financial Services
Below are Views On ITC analyst meet By Vinod Nair, Head of Research at Geojit Financial Services
"We have got more positive on the company, post the meet. The major expectation was on the possibility of demerger, and the company is open to the idea. Though it may take time, we may see separate three entities of FMCG, IT and Hotel as the industry recovers, in the future. Ongoing strategy focus will be on M&A, Exports and proximal markets. The company is actively pursuing acquisition opportunities in FMCG and IT businesses and has lined up an investment of Rs 10,000 crore over the next three years (35-40% in FMCG including cigarettes, 25-30% in Paper boards, 10% in Hotel business). Considering the long-term plans and rich cash position, the company is a decent value investment"
Above views are of the author and not of the website kindly read disclaimer
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...