linkedin
BROUGHT TO YOU BY
Exclusive Access, Inclusive Growth

WELCOME TO ET PRIME

BROUGTH TO YOU BY
Exclusive Access, Inclusive Growth

Get access to free reads

Start Your Trial Start Your membership

Get 15-day free trial to all of ET Prime

Start Your Trial Start Your membership
Not a member
Already a member?
Not a member

Your membership

RENEW
ET Prime
Investing

A cheap value bet: ITC is a top dividend-yielding stock. But Indian investors only want growth.

According to derivatives data, short-term traders are pessimistic on the stock, but value fund managers have been adding it to their portfolios. Over the last five years, ITC has grossly underperformed its rivals. However, many fund managers consider it a classic, high dividend-yielding value-stock available at a low price-to-book value.
Increase Font
Decrease Font
Cancel
By
9 Sep 2020 6 Mins Read 0 comment
Concept: Pravin Palande and Muhabit ul haq Getty Images
Concept: Pravin Palande and Muhabit ul haq
It was a normal Saturday afternoon when a war of ‘views’ broke out between D Muthukrishnan and Shankar Sharma on Twitter. It caught the attention of analysts and investors in India. The topic of their heated debate over the last weekend was ITC. The diversified conglomerate’s stock had been on a free fall, dividing professional analysts and investors into two
is a slightly high-risk strategy as that’s too long a time frame to forecast anything accurately. However, history has shown time and again that long-term investing eventually generates substantial wealth. To sum up, we can say one thing with conviction: ITC was the big short of 2020 and it still is. ( Graphics by Sadhana Saxena)
It was a normal Saturday afternoon when a war of ‘views’ broke out between D Muthukrishnan and Shankar Sharma on Twitter. It caught the attention of analysts and investors in India. The topic of their heated debate over the last weekend was ITC. The diversified conglomerate’s stock had been on a free fall, dividing professional analysts and investors into two is a slightly high-risk strategy as that’s too long a time frame to forecast anything accurately. However, history has shown time and again that long-term investing eventually generates substantial wealth. To sum up, we can say one thing with conviction: ITC was the big short of 2020 and it still is. ( Graphics by Sadhana Saxena)

The latest from ET Prime is now on Telegram. To subscribe to our Telegram newsletter click here.

Gift this story

YOU CAN GIFT 0 MORE STORIES THIS MONTH

Maximum 10 Email IDs allowed

300 characters remaining

Gift Sent Successfully

Limit Reached
Limit Reached

You’ve gifted all the 0 articles from your monthly gift bucket!

Please come back next month.

0 more articles will be waiting for you in your gift bucket.

Current Edition

Message from Planet Labs’ eye in the sky: India is a medieval knight in the age of modern warfare
Space

Message from Planet Labs’ eye in the sky: India is a medieval knight in the age of modern warfare

Satellite pictures of the Galwan valley region shared by US-based Planet Labs exposed China backtracking on the agreement with India to disengage. While the images did help India foster its case in shaping global opinion, it also exposes the country’s unpreparedness in advanced technologies. The episode underlines the urgent need to nurture companies in satellite imaging and space technology.

[[^message]]

Result

[[/message]] [[#message]]

[[message]]

[[/message]]