Valuation Picture: A Near-Industry P/E Amidst Weak Returns
The current P/E of 16.44 places ITC Ltd. almost on par with the FMCG sector average of 16.77, suggesting that the market is pricing the stock in line with its peers. This is notable given the stock’s substantial underperformance over the past year. The near-equal valuation implies that investors may be anticipating a stabilisation or recovery, despite the recent negative returns. However, the stock’s dividend yield of 5.6% remains attractive relative to many large caps, potentially cushioning the valuation pressure. This raises the question — Read full news article







