Despite always being a controversial company and
institutional investors having long shied away from it due
to its cigarette business, ITC's stock has been on a tear
since March 2022, with investors clamoring to buy
shares.
Its stock is up 80%, far outpacing the 7% gains in the BSE Sensex
This newfound interest in ITC can be traced back to the COVID-1 9 pandemic, which has caused many investors to reevaluate their priorities. As people spend more time at home and adopt healthier lifestyles,
cigarette sales have increased in many parts of the world.
In addition to benefiting from increased cigarette sales,
ITC has also made a concerted effort to diversify its
business in recent years. It has made significant investments in sectors such as FMCG, hospitality,
and agribusiness, all of which have helped to offset the
decline in cigarette sales
Great example of the company's resilience and ability to
adapt to changing market conditions
5 Key Factors to Consider When Analyzing Indian Banking Stocks during Times of Instability:'l
1/ The first factor to consider is the bank's financial performance, including its revenue, profit margins, and return on assets. Look for signs of stability, such as consistent earnings growth and low levels of non-performing assets.
2/ The second factor is the bank's exposure to risk, including its loan portfolio quality, capital adequacy, and liquidity. High levels of bad loans or insufficient capital reserves could impact the bank's ability to weather economic instability.
1/6 Currency chaos in India in 2016 led to a surge in digital payments. It was during this time that @PineLabs was born.
2/6 Pine Labs was launched in 1998 as a smart card solutions provider. The company later pivoted to providing point-of-sale (POS) solutions.
3/6 The company's breakthrough came in 2010 when it launched its first POS device. The device was an instant hit with merchants due to its ease of use and affordability.