Mehraboon Irani negative on ITC

Mehraboon Irani of Nirmal Bang Securities has a negative view on ITC.

Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, "I have been quite negative on  ITC  right from the day of the Budget. You increased the excise duty every passing year that is fine up to a limit. Now it is clearly impacting the volumes and when volumes come down you can not say that because the rounding effect to the rupee margins have improved. The fact is when you have a hit on volumes and when you hit a topline you do not expect the stock to be upgraded. At present level when people may argue it is relatively cheaper or relatively attractive in terms of valuation alone vis-à-vis  Hindustan Unilever  (HUL)."

"The fact is you do not buy just because of that. Ultimately, at the end of all I do not see any upgrades in earnings coming at least for the few quarters till the time we really feel the impact of the sharp increase in excise duty the latest one has not damaging volumes further. So at the present level while people would say that there is nothing much to lose the fact is there is nothing much to gain either. This is a stock which could move in a narrow range and definitely not eager or keen in any sort of way to recommend the stock," he said.

Anda sedang membaca artikel tentang

Mehraboon Irani negative on ITC

Dengan url

http://untukkesehatanda.blogspot.com/2015/03/mehraboon-irani-negative-on-itc.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Mehraboon Irani negative on ITC

namun jangan lupa untuk meletakkan link

Mehraboon Irani negative on ITC

sebagai sumbernya