ITC Adjusts Evaluation Score Amid Mixed Technical Indicators and Stable Financial Performance

ITC, a prominent player in the FMCG sector, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in technical trends, moving from a bearish outlook to a mildly bearish stance. The stock's technical indicators present a mixed picture, with the MACD showing bearish signals on a weekly basis while the monthly perspective leans towards a mildly bearish outlook.
In terms of performance metrics, ITC has experienced a flat financial performance in the latest quarter, with a notable average Return on Equity (ROE) of 26.89%. The company has demonstrated healthy long-term growth, evidenced by a net sales increase at an annual rate of 10.48%. Additionally, ITC maintains a low Debt to Equity ratio, which stands at 0 times, and boasts high institutional holdings at 84.92%.

Despite a challenging year, where the stock has returned -13.36%, the company's profits have risen by 17.6%. The stock is currently trading at a fair value compared to its peers, with a Price to Book Value of 7.4.

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