ITC Share Price - ITC Stock Price Live Update - mymoneykarma

GET ITC share/stock price, along with historic price charts for ITC NSE/BSE Live share/stock Price. Click here to get the LIVE and updated market price from mymoneykarma

Should You Invest in ITC?

I.T.C. Limited is a company built on firm foundations. It is fundamentally sound and has made profits regularly over the years, as reported in their previous financial statements. The debt of the company is negligible and has delivered excellent returns on equity over the years. Moreover, ITC is one of the prominent FMCG marketers in India, making it a preferred choice in this category.

ITC is a leading player in the tobacco industry of India. The market share of the ITC is more than 70%, making it a leader in cigarettes market. The recent hike in cess and the subsequent hike in price has put the tobacco industry under pressure. However, due to a never-ending demand for cigarettes in the country, ITC is more than likely to recover from this cess hike and continue to deliver consistent growth in the tobacco segment.

ITC is also focussed on expanding its FMCG portfolio, and with this segment, the company has the vision of Rs.10,000 crore investment in the next 5 to 7 years. Furthermore, ITC Hotels are also continually improving, as seen in the numbers for the last quarter which means that revenue from non-tobacco segments is also increasing, although cigarettes still account for a significant portion of the profit made by the company. Nonetheless, as these segments grow, we may see this proportion of profits alter over the years, in favor of hotel business and FMCG products.

Investing in ITC stocks is a great option, especially if the idea is to stay funded for a long time. Provided that the stock is trading around Rs.270 as of February 2018, the entry price appears to be favorable.

ITC Share Price Live Today - ITC Stock Price Live In NSE & BSE - mymoneykarma

ITC Limited Stock Information

History of the ITC Ltd:

In August 1910 ITC was established, as Imperial Tobacco Company of India Limited. In its initial years, the company concentrated on tobacco products. During this time, the ownership of the company 'Indianised' and as a result, it was renamed as Indian Tobacco Company in 1970 and subsequently to I.T.C. Limited in 1974.

It was in the seventies that the company decided to diversify its business portfolio and pursue other ventures. In 1975 ITC took its first step towards diversification when it purchased a hotel in Chennai. Since that purchase, ITC Hotels has grown to become the second biggest hotel chain in India.

National Stock Exchange (NSE)

NSE was set up in 1992 by a group of leading Indian financial institutions, following the Indian Government's directives. It aimed to bring transparency to the Indian capital market. It was India's first demutualized electronic exchange which operated on a completely automated screen-based electronic trading system, offering an easy trading facility to all Indian investors.

About MyMoneyKarma: MyMoneyKarma is emerging as a leading Recommender Engine that helps people makes Intelligent Financial decisions. We are founded by two Stanford Business School alumni who bring decades of experience in Consumer Finance and Technology. Our focus is on creating secure, data-driven, unbiased, and consumer-friendly online tools that recommend products and services in a rapidly evolving environment. We use Machine Learning algorithms to identify potential opportunities for our customers to plan, save and invest.