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ITCIMP Note for ITC : “Committee thinks that the FDI in tobacco sector albeit in a regulated manner would stimulate the production and processing of Indian tobacco thereby boosting its export. The Committee, therefore, recommends the Department to undertake a study to analyse the prospects of opening FDI investments in the tobacco sector at the earliest,” the report states. Currently, FDI is prohibited in the manufacturing of cigars, cigarettes and tobacco substitutes. Quality tobacco at par with international standards is available in India at competitive prices and there is good potential for the export of Indian tobacco to China. The revival of the phytosanitary protocol with China will pave the way for a revival of Indian tobacco exports to China and prove economically beneficial to Indian farmers. The report also recommended that the feasibility of having export-only tobacco farms may be looked into for promoting the cultivation of tobacco specifically for export purposes thereby generating a market surplus in tobacco exports from the country. the trigger for ITC re-rating
NSE:ITCLong
by jezlinz
1
ITC Short Term Breakout tradeITC was just consolidating for or a long time. There is nothing wrong in the fundamentals of ITC so I think you can hold it for long term also. And Today it gave a good breakout with volume, I Think now we can think of levels of 300 in the future too. As ITC is demerger will make this stock rocket and now's the time to book your ride. I can give more information about its fundamentals, Just write it in the comments Buy above the breakout line No Sl First Target is 228 and further will be provided soon Less Risky Trade Thanks Everybody Happy Trading Do like and follow if you find it worth for
NSE:ITCLong
by WillingTraders
6