Kotak Sees Potential in ITC’s Tobacco and Non-Tobacco Businesses Amid Market Skepticism
Kotak Institutional Equities highlights that ITC's tobacco business is valued at about 11 times one-year forward earnings, indicating market expectations of stagnant earnings. The brokerage suggests this undervalues the tobacco segment, estimating a fair value based on a higher earnings multiple. Meanwhile, ITC's non-tobacco businesses show growth potential, with Kotak projecting a 19% CAGR in earnings, though the market appears skeptical, contributing to a 37% stock decline over three years. Kotak's combined valuation estimates ITC's fair value at 360 rupees per share.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (58/100). Lens Score 30/100.
Outlets measured: mint, thefinancialexpress. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (55–62/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
thefinancialexpress broke this story on 7 Sept, 07:29 am. Other outlets followed.