Valuation Picture: Slight Discount Amidst Sector Parity
ITC Ltd. trades at a P/E of 15.16, marginally below the FMCG sector average of 15.49. This modest discount suggests the market is pricing in some caution relative to peers, despite the company's large-cap stature with a market capitalisation of approximately ₹3,68,492 crores. The near-parity valuation contrasts with the stock's recent underperformance, raising questions about whether the market is anticipating further challenges or recognising value at current levels. ITC Ltd.'s P/E ratio, while close to the sector average, doe...
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