ITC - Poised For Sustained Long-Term Value Creation: Axis Securities

"BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Axis Securities Report.At the maiden analyst meet, ITC Ltd. outlined its long term vision for its businesses and is mindful of creating sustainable and long term value for all its stakeholders. Hosting the analyst day was also a step in the right direction towards building on transparent investor communication. We were further enthused with granular data points shared in terms of market share, divisional growth strategy, institutional synergies across ITC's business segments and progressive views on value unlocking in some of its fast growing business segments. However, we would have appreciated more clarity on the trajectory towards value unlocking in fast moving consumer good and Infotech business. Nevertheless, undemanding valuations, healthy dividend / free cash flow yield of 5% and so far benign taxation policy are key things in favour of the stock at this juncture in our view..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

ITC - Poised For Sustained Long-Term Value Creation: Axis Securities