Brokerage firms maintain 'buy' call on ITC stock

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A day after cigarettes to consumer goods company ITC scrip was sold heavily on news of the Government accepting the Health Ministry recommendation on banning loose cigarettes Marlboro Cigarettes Website, the stock recouped to close over 2 per cent on the bourses.

It closed on Wednesday at on the NSE, up 2.25 per cent. While ITC can adopt counter measures, the recommendations, if implemented, can hurt cigarette volume in the interim Online Cigarettes Free Shipping, as the entry of new consumers, who typically start with single cigarette Buy Cigarettes Online, can be impacted, the brokerage observed while reiterating its buy call on ITC.

Advising clients to add ITC to their portfolio, Kotak Institutional Equities observed that implementation of regulations like ban on loose cigarettes can have a knee-jerk impact on ITC cigarette volumes Newport Menthol Cigarettes. However, the same is impossible to predict. While regulatory hurdles and punitive taxation and its impact on ITC volume growth have been a perennial concern Newport 100S Cigarettes, a significant part of this is already baked in ITC valuation multiples. This could prove to be a difficult task, given the widespread retail landscape of the country Cheapest Marlboro Cigarettes Free Shipping, the report added.
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