Key Highlights :
1. ITC is better placed than peers with accelerated earnings growth over the past two years, especially in FY23, and strong earnings visibility compared to peers into FY24 as well
2. The research and broking house believes that there is room for upside for ITC shares from current levels.
ITC Ltd is a leading diversified conglomerate with core businesses in consumer goods, agriculture, and infrastructure. ITC is better placed than peers with accelerated earnings growth over the past two years, especially in FY23, and strong earnings visibility compared to peers into FY24 as well, said Motilal Oswal in a research note. The research and broking house believes that there is room for upside for ITC shares from current levels.
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