GENERAL7 Sept 2026
What is the market ‘smoking’ on ITC? Why the stock appears to be completely ‘ignored’ by investors? Explained | Stock Market News
ITC shares are down 37% over three years while the Sensex gained 15%, as investors expect tobacco earnings to stay low and see the non-tobacco business as too costly. Kotak Institutional Equities disagrees partly: it expects non-tobacco profit to grow fast, maybe 19% yearly, and values the stock at ₹360. A turnaround is possible but not guaranteed.
Key Statutory Highlights
- ITC shares are down 37% over the last three years, while the Sensex gained 15%.
- Kotak values ITC at ₹360 and expects its non-tobacco FMCG profit to grow at 19% per year through FY26-29.
- Investors appear to expect tobacco earnings to stay low and consider the non-tobacco business valuation stretched.
Actionable Advice for Taxpayers / Founders:If you hold or are considering ITC shares, study the full Kotak report and speak with a certified financial advisor before acting.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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