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Investors Want ITC To Carve Out Cigarette Business. It Won’t Be Easy.
In the last one year, ITC rose nearly 34.7%, underperforming Nifty 50 and BSE FMCG Index.
02 Apr 2021, 01:33 AM IST
Interviewer to candidate: What’s your patience level?Candidate: I’m an investor in ITC.Interviewer: (Offering the job) How much salary will you take to join?That’s the gist of a Hinglish meme inspired by Bollywood movie ‘3 Idiots’ cited in a blog called Alpha Ideas. Countless other versions on social media target the cigarettes-to-hotels conglomerate. The reason—ITC Ltd.’s stock has lagged when rest of the market has scaled new recor...
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