ITC STOCK

ITC is stock from FMCG counter i.e. Fast Moving Capital Goods space
It having two businesses

• older and base is tobacco business major revenue come from this one thats why ITC is taken into consideration as cigarette company

• second is FMCG food soap creams ,Hotel business,Paper business all this are secondary because since today all FMCG business have losses that loss is overlapped by profit in tobacco with high volume 

tax structure on tobacco business is major concern for tobacco and cigarette business of ITC
this is reason why ITC stock reacting on BUDGET and tax policies

• upto BUDGET it have no any thing to push up from lower levels
• but when market is improving in that sense of recovery will happen in this stock
• this stock is major on stock exchange
• this is fifth by market capital on exchange now a days
• this company having govt investment in it through UUTI government scheme
• this co have no owner as specific having holding in it