ITC posted yet another strong numbers in Q2FY23 with all key business verticals registered strong performance with the cigarette, non-cigarette FMCG, Agri and paperboard, paper & packaging (PPP) business grew by 23 %, 21 %, 44 % and 25 %YoY, respectively.
With extensive use of futuristic technologies, youth inspiring vehicles, dominant position in EV segment the company has earned a very wide market share in Indian automobile sector.
Engaged in manufacturing and trading of refrigerant gases, caustic soda, chloromethane, polytetrafluoroethylene (PTFE) fluoropolymers, fluoromonomers specialty, fluorointermediates specialty chemicals and allied activities.
Short term Trend: Consolidating and Stock Support: ₹10-11
Company is going to get benefits of increasing demand in Li-ion batteries and Aluminium electrolyzer for Green Hydrogen production in upcoming years as India targets to reduce its CO2 emissions in upcoming years.
The policy aims to lower the cost of logistics from the existing 13-14% and lead it to par with other developed countries.
In past three years the stock gave a return of 1277.00% as compared to Nifty which gave a return of 62.55% and 1277.05% return compared to 61.42% rise in Sensex .
The world is witnessing “New India”, which has not only reduced its dependence on other countries but also increased its exports to other developing nations.
Government has fixed target of 10% blending of fuel grade ethanol with petrol by 2022 & 20% blending by 2025.