Catching both traders and investors off guard, ITC shares jumped nearly 7 per cent on Thursday and ended flat in an otherwise subdued market on Friday. While many retail investors have been waiting patiently for the stock to move higher given its relatively cheap valuation, institutional investors have been shunning it due to ESG concerns surrounding the tobacco business.
Was then Thursday’s rally just a flash in the pan or a sign of things to come in the days ahead? In today’s special podcast with independent market expert Rajiv Nagpal, we discuss what should ITC investors do now.
Listen in.
Welcome to the show Mr Nagpal.
1) Can you help us understand the reason behind the sudden spike we saw in ITC shares last Thursday? Was it a case of sectoral rotation towards consumption stocks or just a technical breakout in the stock?
2) Besides ITC, stocks like NTPC and Coal India also rallied last week. Is the ESG trade reversing now or just a case of value hunting by investors?
3) With ITC breaking out of its range, is it a risky bet for Call Option traders now?
4) In the short term, do you think ITC will remain an underperformer? Which factors can trigger a rally in the stock?
Thank you Mr Nagpal. That’s all in today’s special podcast. But do keep checking this space for more such interesting content. Good bye!
