ITC’s Discount To HUL Is The Biggest In At Least 13 Years
Bingo wafers, made by ITC Ltd., sit for sale at a shop in Mumbai. (Photographer: Adeel Halim/Bloomberg News)

ITC’s Discount To HUL Is The Biggest In At Least 13 Years

The discount between India’s two largest consumer goods makers is the highest in at least 13 years.ITC Ltd. is currently trading at 19 times its estimated 12-month forward price-to-earnings. That’s...
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