Can you explain the correction in price of ITC stock?
Having a query about how the correction is carried out in ITC stock price? Searching for the detailed reasons for this correction? On this Ask Expert page get to know the reasons.
As an amateur investor, I have been trying to analyse the fundamentals of ITC. The financial position of the Company is very good. The hotel, cigarette and FMCG businesses of the Company have been performing very satisfactorily. The Company doesn't have any major debt. All the necessary financial and business parameters are prima-facie good.
Even then, the stock has been correcting itself for the last three months or so. Although the correction provides an excellent opportunity for entry in this stock, I am interested to know the reason(s) behind this correction.
Can any Member explain the reason for correction in the price of ITC stock?