Quick Answer: Is ITC A Good Buy For Long Term?

Who is the owner of ITC?

Sanjiv PuriITC LimitedFormerlyImperial Tobacco Company of India Limited (1910–1970) India Tobacco Company Limited (1970–1974) I.T.C.

Limited (1974–2001) ITC limited (2001–present)HeadquartersVirginia House, Kolkata, West Bengal, IndiaArea servedIndian Subcontinent Gulf CountriesKey peopleSanjiv Puri (chairman & MD)16 more rows.

What’s wrong with Tata Motors?

The deteriorating financial state of the home-grown auto firm is also an aftereffect of rising debt. On November 12, 2019, Moody’s Investors Service said country’s largest automobile manufacturer faces acute challenges in sluggish economic growth, weak liquidity, and tight financing norms.

Is ITC a good buy now?

The bulls batting for ITC believe that the stock remains attractive at these low valuations. Paras Bothra, President of Equity Research, Ashika Stock Broking, told Business Insider that “ITC looks to be undervalued from a valuation perspective, and hence it is a good value Buy.”

Does ITC have debt?

About Total Debt Based on the latest financial disclosure, ITC LTD has a Total Debt of 2.75 B. This is 49.35% lower than that of the Consumer Defensive sector and 85.65% lower than that of the Tobacco industry. The total debt for all India stocks is 48.28% higher than that of the company.

Which is best share to buy in 2020?

(Updated: 05-Dec-2020)SLNamePAT (Rs.Cr.)1Nestle India2,072.142TCS30,789.003Hindustan Oil Explora88.274VST Industries316.343 more rows

Is Dmart debt free?

Adjusting for depreciation, the retailer made Rs 480-crore cash profit in the quarter. At this rate, the company may have a significant cash balance by the end of FY20, with negligible or no net debt.

What is virtually debt free?

Company has cash reserves in excess of the loans it has taken. Companies take loan for saving tax or for maintaining some working capital cash flow obligations. Such comes are called virtually debt free because they can offset their cash reserves with outstanding loan at any point of time.

Which share best for long term?

Best Long Term Stocks to Buy now in IndiaCOMPANY NAMENSE CODEBSE CODEITCITC500875Tata ElxsiTATAELXSI500408Dixon TechnologiesDIXON540699Hindustan AeronauticsHAL54115416 more rows•Aug 29, 2020

Is ITC a zero debt company?

Company is almost debt free. Stock is providing a good dividend yield of 5.12%.

Why is Infosys not in debt?

Infosys is a debt-free company. It doesn’t have any outstanding debt or fixed deposits. The company presently generates sufficient cash internally to finance all its operational, financing and investment requirements.

Which company is debt free?

debt free companiesS.No.NameQtr Profit Var %1.Castrol India8.602.Balmer Law. Inv.2.303.Indian Energy Ex-4.344.I R C T C-96.9822 more rows

Which shares give the best return?

Our Advisor’s ChoiceStock NameQtyValueHDFC Bank10011000LIC INDIA10011000INFY10011000Total33000

Why is Tata Motors share rising?

The company said while the sales have improved on a sequential basis, they continue to be impacted by Covid-19. “Covid-19 and second lockdowns continue to impact the global auto industry but we are pleased to see sales recovering across our markets.

Is Ashok Leyland debt free?

Commercial vehicle manufacturer Ashok Leyland Ltd. is expected to be a debt-free company in two years’ time, as it expects a pick-up in volumes from the third quarter of FY21, a top company executive said. … ALL had a net debt of ₹2,000 crore during March 2020.

What are the top 10 stocks to buy right now?

Best Value StocksPrice ($)12-Month Trailing P/E RatioBrookfield Property REIT Inc. (BPYU)16.281.6NRG Energy Inc. (NRG)30.812.0Ardagh Group SA (ARD)17.972.92 more rows

Which share is best to buy now in India?

HOT STOCKS – BEST STOCKS TO BUY TODAYComapny nameCREATE DATE/TIMELTP ChgUPL1/16/2020 12:47 PM428.70Sun Pharma.Inds.1/16/2020 12:47 PM520.55Kotak Mah. Bank1/16/2020 12:47 PM1920.00

Why are ITC shares dropping in 2020?

Why is ITC Ltd stock falling? COVID pandemic and the subsequent lockdown April-May 2020 dented the performance of ITC Ltd in Q1 FY21. Net Profit declined by 26.2% YoY to Rs. 2,343 Cr in June-quarter due to the dampened sales across Cigarette, Hotels and Papers and Packaging business verticals.

Is ITC good for long term investment?

100% professionaly managed,transparency in business, high ethics,good policy to reward investors….all make ITC a good bet to buy with a long term perspective. Now is the best time to buy. One will give advice to buy ITC only with vested interest.

Is Tata Motors a good buy for long term?

Synopsis. The brokerage has cut its FY21 consolidated EPS estimate for Tata Motors by around 35% to factor in coronavirus impact in the first quarter for JLr and weaker-than expected India CV business in FY21. Motilal Oswal has maintained buy rating on Tata Motors in the long term with a target price of Rs 178.

Is TCS debt free?

Tata Consultancy Services (TCS) is the largest and the most valuable debt-free company followed by Hindustan Unilever, ITC and Infosys and Maruti Suzuki. … Besides, most of the Indian subsidiaries of global multinationals, including those in sectors such as capital goods, are debt-free.