This Conglomerate Stock Gained 30% In 6 Months, 4% Dividend Yield, Amid Falling Nifty: Buy?

ITC Ltd. is a large-cap Indian conglomerate, which has given sharp returns to its shareholders in the past year. Chandan Taparia, Vice President, Equity Derivatives and Technical, Broking & Distribution, Motilal Oswal Financial Services Ltd. is bullish about the stocks of ITC, and recommends buying.

ITC Ltd. - NSE market tracking

ITC is one of the most significant stocks that is running hot in the equity markets, amid a bearish market situation. The current market price of ITC Ltd. stood at Rs. 284.75/share on NSE, falling by 4.11%, till last traded. In the last 5 days, the share price of this company has gained by 6.51% on NSE, and in the last 1 month, its share price has gained by 4.42%. In the past 6 months, its stock price has surged by 29.96%, and in the last 1 year, it has gained by 39.82%. However, in the last 5 years, it has fallen by 14.82%.

The 52-week high level of this stock is Rs. 285, and the 52-week low level of this stock is Rs. 200.90.

Market capitalization	Current market price	1 Year performance	6 Months performance
Rs. 350,829 crore	Rs. 284.75	39.82%	29.96%

About the company

ITC is one of India's foremost private sector companies. ITC has a diversified presence in FMCG, Hotels, Packaging, Paperboards and Specialty Papers and Agri-Business.

According to data available with NSE, in Q4 FY22, the company's Total Income stood at Rs. 16,42,600 lakh, as against Rs. 16,80,689 lakh in the previous quarter. The company's Profit before tax (PBT) was reported at Rs. 5,44,203 lakh, as against Rs. 5,49,203 lakh in Q3 FY22. Additionally, its Net Profit stood at Rs. 4,19,096 lakh, as against Rs. 4,15,620 lakh in the earlier quarter.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.