ITC shows weaken in daily time frame , support show's 450/445, but closing hourly candle below 450/445 indicate more bearish.425/420 major support . be careful result . closes below 420 indicated major downtrend.
Note
CONSTRADING PE AROUND 30
Stock is trading at 8.18 times its book value
The company has delivered a poor sales growth of 10.3% over past five years.
PROS
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%
Company has been maintaining a healthy dividend payout of 98.0%
Company's working capital requirements have reduced from 29.1 days to 20.1 days
Note
STRONG SUPPORT AT 400/ 410
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.