Although range-bound in the last few months, ITC is one of the few stocks that proves to be resilient enough in a falling market. Brokerages think that the stock can now soar up to 28% on strong Q3 numbers.
In today’s special podcast with independent market expert Rajiv Nagpal, we try to understand if it is a must-have stock for long-term investors.
Welcome to the show Mr Nagpal.
1) Given the fact that the government chose not to tinker with taxes on cigarettes in the Budget and the strong numbers posted by the company in Q3, how has your view changed on ITC in the last one week?
2) ITC was one of the few stocks that didn’t fell much when other Nifty stocks, which had been outperforming earlier, were having a tough time in the recent sell-off. So is it one of the most resilient Nifty stocks around, even if it doesn’t outperform?
3) What about ITC as a pure dividend play? Isn’t that a cherry on the top for long-term investors? Or should it be seen as a sign that the company management doesn’t know what to do with the free cash flow?
Thank you Mr Nagpal. That’s all in today’s special podcast. But do keep checking this space for more such interesting content. Good bye!