Will ITC go to 150 -175

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Times are uncertain . But there are some facts that cannot be ignored.

P/ BV = 6.80

P/E = 31.00

The most important – LIC the saviour has a 16 % stake as of June 18 , and it needs to make money and also generate some, if it continues to be the saviour of last resort .

At 291 , this stake would be valued at approximately 56,000 crore.

And it would need to monetise a part of it . The prospect of LIC selling , is the biggest overhang .


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