The Phenomenon of Conglomerates – A Case Study of ITC

ITC Limited has nearly doubled since February 2022 and now it is trading at its all-time high of Rs.443 (8^th June 2023). Most brokerage houses have been issuing research reports that recommend it as a Buy or Add. Now, as a thinking retail investor, how do you look at it? How do you decide if you will buy it now if you missed putting it in your portfolio or will you hold it if you are already sitting on some nice long term capital appreciation?

Today, shares of this company saw a spurt in volume by more than 9 times on the stock exchange.

With the majority stake held by the government, these companies are comparatively less volatile and stable in market actions.

This contract is in addition to the existing business with Tata Steel Limited and other clients.

The stock has returned 220 per cent in the last 5 years, 1,073 per cent in the last 3 years and 287 per cent in the last 1 year alone.

Today, the stock of this company was locked at 20 per cent at Rs 92.75.

Today, the stock of this company was locked at 20 per cent at Rs 12.24 per share.

Today, the stock of this company was locked at 20 per cent at Rs 17.92. 

The most common definition of recession requires the GDP of a country to contract in two successive quarters.