Valuation Picture: Slight Discount Amidst Sector Norms
The current P/E of ITC Ltd. stands at 16.97, marginally below the FMCG industry average of 17.37. This discount suggests that the market is pricing in some caution relative to sector peers. Given the stock’s large-cap status with a market capitalisation of ₹3,36,299.35 crores, this valuation gap is notable but not extreme. The discount may reflect concerns over the company’s recent performance and broader sector challenges, especially in the cigarettes and tobacco segment where 21 out of 109 stocks have reported negative results so far.
Interestingly, the stock offers a high dividend yie...
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