The recent farm bills have potential to change the complete landscape of agriculture in India. And ITC, is easily the most trusted corporate, pretty much throughout the country, as far as farmers are concerned.
They have invested consistently in the Agri-economy and have supported the farming community with e-choupal, etc.
I think the time is perfect to enter into ITC.
It’s a diversified conglomerate, with a strong defensive positioning because of cigarettes. It’s hotel and lifestyle business has been hit by Corona, and that’s the reason for current weakness in stock. It’s agri businesses have evolved during the lockdown, with door step delivery, etc.
On the whole, valuations are looking reasonable, dividend yield is excellent, and a trigger like the farm bill is excellent entry point.
They have invested consistently in the Agri-economy and have supported the farming community with e-choupal, etc.
I think the time is perfect to enter into ITC.
It’s a diversified conglomerate, with a strong defensive positioning because of cigarettes. It’s hotel and lifestyle business has been hit by Corona, and that’s the reason for current weakness in stock. It’s agri businesses have evolved during the lockdown, with door step delivery, etc.
On the whole, valuations are looking reasonable, dividend yield is excellent, and a trigger like the farm bill is excellent entry point.