GQG ups stake in ITC, Rajiv Jain says it's a great growth story!
Thu, Jan 18, 2024 3:58 PM

GQG ups stake in ITC, Rajiv Jain says it's a great growth story!

A Flip by Avya Verma
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ITC  is a great growth story and is reasonably valued, GQG Partners CIO Rajiv Jain has said after his investment firm raised stake in the conglomerate in the December quarter after having owned the stock for two years. At the current level of 23x earnings, ITC's valuation is “incredibly attractive” and the stock should see lower double-digit earnings as well, Jain said in an interview with CNBC.

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