Best answer: Is ITC Indian company?

ITC Limited is an Indian company headquartered in Kolkata, West Bengal. ITC has a diversified presence across industries such as cigarettes, FMCG, hotels, packaging, paperboards and specialty papers and agribusiness. The company has a total of 13 businesses in 5 segments.

Which country brand is ITC?

Does ITC belong to Tata?

The Tata group-promoted Indian Hotels Company Ltd (IHCL), which runs hotels under four brands, including Taj, at present has 109 properties in India and abroad; it aims to add 41 in the next four years. ITC, which has all its hotels in India, already has the biggest domestic tally, of 110.

What is full form ITC?

The Company was incorporated on August 24, 1910 under the name Imperial Tobacco Company of India Limited. As the Company’s ownership progressively Indianised, the name of the Company was changed to India Tobacco Company Limited in 1970 and then to I.T.C. Limited in 1974.

What is the turnover of ITC?

ITC Limited, a multinational conglomerate headquartered in Kolkata, India, reported a revenue of nearly 453 billion Indian rupees in fiscal year 2020.

Should I buy ITC shares?

ITC may be an excellent option for dividend investors who want to reduce their downside risk, but it is not a strong choice for growth investors who want to outperform the market. At 12.45 pm, shares of ITC were trading at Rs 210.05, lower by 2.44% on NSE.

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Why did ITC fall today?

Shares of consumer goods giant ITC fell over 2 per cent on Wednesday after the company reported weaker net profit for the March (Q4FY21) quarter. … The FMCG, cigarette and hotel major reported a year-on-year net profit of Rs 3,748.41 crore for the March quarter on Tuesday.

Why ITC share price is low?

ITC share price today has crashed over 2.5 per cent during the opening session today. It went down to 214.25, which was Rs 5.80 lower from its previous close on 1st April, 2021. According to stock market experts, ITC stock price crash is due to the fresh fears of rising COVID-19 cases across the nation.

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Is ITC good for long term investment?

ITC is another stock being recommended by broking firm Motilal Oswal. The firm has set a solid target of Rs 265 on the stock, against the current market price of Rs 214. Many analysts are also recommending the shares of ITC for the dividend yield that it could offer in the coming years.

Is ITC debt free company?

ITC is well-known for being in the category of ‘Debt-free companies that pay dividends‘. 2. … HUL is one of the largest fast-moving consumer goods company in India with over 80 years of operating history.

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