General discussion about ITC Ltd.

17 May, 2018 12:01
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A major in the cigarettes business, ITC this quarter reported 9% growth in net profits which surprisingly was mainly driven by non-cigarette based sales. It faces and will continue to face regulationary restriction on its cigarette business, however now diversified products have given it a technical breakout on charts as well.So far for last trailing 9 month it was range bound and the current breakout is a positive sign for momentum based investors who like to play on the upmove in a security. The breakout though is not clear yet, is highly probable with positive results. ( CMP- Rs.284.7)

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