Buy ITC cmp 425.50, target minimum 480, SL-399

Jun 19

Fundamentally and technically sound, ITC is a perfect buy looking at overall market conditions which is currently on high valuations. At current price, ITC provides a value comfort and technically this stock has done a price and time correction at the same time. Currently we see that chart is forming Inverted Head & Shoulders pattern on a daily time frame which is extremely bullish pattern and indicates the reversal of downfall and bottom formation. Aggressively buy this stock at 425-430 levels and wait patiently for a minimum target of 480, stop loss at 399.

Jun 27

Note

FMCG - Cigarettes contributes 40% to the revenues and 81% towards PBIT

FMCG - Others(Packaged Food, Personal Care, Stationary, Apparels, Agarbattis) which includes online platform direct sell to consumers(D2C) which is operational approximately all over India. This segment contributes 23% to revenues

Hotel Business - 2nd largest Hotel Chain spread across India and caters to different segments of population from mid segement to luxury segment. This segment contributes 3% to revenue

Agri Business - Second largest exporter of agri products - food grains, marine products, processed fruits, coffee etc. Also exports leaf tobacco under this vertical which is India's largest and World's 5th largest leaf tobacco exporter.
H1FY24, ITC IndiVision Limited (IIVL), (WOS) received requisite regulatory approvals for its facility to manufacture Nicotine & Nicotine Derivative products conforming to US & EU pharmacopoeia standards.
This segment contributes 23% to revenue.

Paperboards, Paper & Packaging
ITC is the market leader in value added paperboards segment. It is also India’s largest converter of paperboard into high quality packaging.
This segment contributes 11% to revenue.

Company is almost debt free and providing a good dividend yield of 3.26%
Very Good return on equity (ROE) track record: 3 Years ROE 27.5%
Company has been maintaining a healthy dividend payout of 92.4%

Jul 1

Note

ITC can shoot up 10 percent easily. Big positive building in the company. Its corporate image & business brand image is also going up so strong demand for shares from big players. Anytime it can give a rocket like movement. Buy and Hold with patience. The immediate target is 480 and then 575-600 range.

Jul 8

Note

Today ITC has completed the Inverted Head & Shoulder (IHS) patterns which is extremely bullish pattern and from tomorrow onwards we can see more fireworks. As clearly told to buy around 425 range for a immediate target 480, now market experts will start giving buy calls at higher levels, where we take position much earlier at lower levels. My work is to analyse stock future movement for short term trading purpose as well as for long term but at a very good risk reward ratio.

Jul 11

Trade closed manually

ITC at 457, book full profits. I am closing this call before target as there is a risk of Nifty going down sharply from here. ITC given good returns in just a few days so profits needs to be safeguarded at all cost.