ITC Hits Rs 400-mark, Stock Doubles Investors Money in Less Than 2 Years; Should you Buy?
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Multibagger Stock: Shares of the FMCG giant ITC hit a new high of Rs 401.70, gaining 1.6 per cent on the BSE in Monday’s intra-day trade in an otherwise weak market amid sustained buying interest by foreign portfolio investors (FPIs). ITC share price today touched an intraday high of Rs 401.7 per share. Earlier, on Thursday, ITC stock had ended at Rs 396. ITC share price has gained over 20% year-to-date, after drawing criticisms and significant trolling from investors over the years. “ITC Ltd.’s share price has reached a new all-time high, crossing the Rs 400 mark and gaining over 20% since the start of this year. This surge in share price reflects the positive sentiment among investors, likely driven by the company’s strong financial performance, growing demand for FMCG products in India, and favorable macroeconomic conditions," said CA Manish Mishra, Virtual CFO The fast-moving consumer goods (FMCG) and cigarette maker has doubled or zoomed 101 per cent from a level