ITC is outperforming FMCG Index by a big margin and it has given a rounding bottom breakout on weekly charts. All other FMCG Stocks are getting hammered sue to serious high valuations, however ITC which is undervalued is getting attention from portfolio managers and its being bought.
ITC is providing a high dividend yield above Saving rate which is attracting a lot of value investors focusing on low risk value in equities.
ITC is providing a high dividend yield above Saving rate which is attracting a lot of value investors focusing on low risk value in equities.