ITC around 10-month lows but analysts still remain bullish: Here’s why
Mon, Feb 19, 2024 12:14 PM

ITC around 10-month lows but analysts still remain bullish: Here’s why

A Flip by Shubhangi Gupta
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ITC's shares showed resilience in Friday's trading session, closing nearly unchanged despite hitting a 10-month low earlier. Analysts are cautiously optimistic, as British American Tobacco plans to reduce its stake by 4%. This move could benefit both companies and analysts believe most downsides are priced in, making it a good time to add the stock to portfolios. Q3 results were strong.

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