ITC has a PE of 35. I chose the stock actually by mistake. Actually I purchased it after stock split to 1 re per share. I calculated the PE wrongly, thought it was around 5. Other wise the stock is a good buy. For Mar 06 the PB ratio is around 8. The Debt equity ratio is negligible and the Cash EPS is around 30. The Free cash flow is growing. A 1Re of ITC share has a market price of Rs180 now.
All good except the PE. I am considering to sell as the market has overpriced the company.
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