ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrong

Kotak Securities estimates ITC’s tobacco business is valued at just 11X forward earnings, suggesting potential undervaluation. The brokerage sees stro...

By Dhallo News · September 5, 2026 at 3:43 PM IST

Kotak Securities estimates ITC’s tobacco business is valued at just 11X forward earnings, suggesting potential undervaluation. The brokerage sees stronger growth in non-tobacco businesses and believes splitting ITC’s tobacco and non-tobacco operations could unlock significant shareholder value.

SOURCE: Economic Times - Top Stories

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ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrong

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