📈 Stocks To Buy: Top Recommendations for 21 December 2023 📈
1. ITC Company: Heavy Profits on Tuesday, 19 December, but a Strong Buy Today! 💰
★Despite British American Tobacco, the largest shareholder of ITC Company, announcing stock sales, global brokerage house Jefferies is still excited about ITC shares.
★Several experts have recommended buying ITC shares.
★The announcement of stock sales by an American investment company will not affect ITC shares.
★On Wednesday, 20 December 2023, ITC shares closed at ₹450.15 with a 1.30% decline.
★On Thursday (21 December 2023), the shares were trading at ₹445 with a 1.27% decline.
2. Jefferies Firm Predicts ITC Shares to Touch ₹530 in the Coming Days! 💰
★On 18 December 2023, ITC shares closed at ₹451.
★Experts believe that ITC shares can increase by 17-18% compared to the current price.
★In 2023, ITC shares have provided investors with a 38% return.
★Over the past two years, ITC shares have seen a significant increase of 106% in price.
3. ITC’s Stake in BAT Company and BTHL Expected to Decrease to Less Than 25%! 💼
★According to Jefferies, the BAT Company, ITC’s largest shareholder, may reduce its stake in ITC Company to less than 25%.
★This reduction will also result in a decrease in ITC’s stake in BTHL (ITC Hotels Company).
★BAT Company is currently facing financial problems due to a decline in stock volume and heavy debt.
★The valuation of the BAT Company has decreased by 6x P/E.
★There has also been a significant decrease in the total market capitalization of the BAT Company.
4. BAT Company Decides to Reduce Investment in ITC’s Cigarette and Hotel Business! 🏨🚬
★BAT is considered the world’s largest tobacco company and holds a 29% stake in ITC Company.
★BAT Company has decided to reduce its investment in ITC’s cigarette and hotel business.
★ITC Company holds a significant 29% stake in ITC, making it a crucial player in the company’s operations.
Remember, investing in stocks involves risks. Please consult with a financial advisor before making any investment decisions. Happy Investing! 📊💼💰
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
