ITC stock will bounce back soon!!!

ITC Limited is a prominent Indian conglomerate headquartered in Kolkata, with a diverse portfolio spanning FMCG, agribusiness, information technology, paper products, and packaging. The company is renowned for its strong presence in the tobacco industry, contributing significantly to its revenue. citeturn0search4

**Fundamental Analysis:**

- **Financial Performance:**
- **Revenue Growth:** ITC has demonstrated consistent revenue growth, with a reported revenue of ₹18,000 crore in the fiscal year ending March 2024.
- **Profitability:** The company maintains a robust profit margin, reflecting its efficient operations and diversified business model.

- **Market Position:**
- **Tobacco Segment:** ITC holds a dominant position in the Indian tobacco market, with brands like Gold Flake, Wills Navy Cut, and Classic leading in market share.
- **FMCG Segment:** The FMCG division, encompassing brands such as Aashirvaad, Sunfeast, and Fiama, has shown significant growth, contributing to the company's diversification strategy.

- **Recent Developments:**
- **Hotel Business Demerger:** In July 2023, ITC's board approved the demerger of its hotel business, leading to the formation of a wholly owned subsidiary, ITC Hotels, effective January 1, 2025. citeturn0search4
- **Sustainability Initiatives:** ITC has been recognized for its commitment to sustainability, achieving carbon neutrality and water positivity across its operations.

**Technical Analysis:**

- **Stock Performance:**
- **Current Price:** As of February 24, 2025, ITC's share price is ₹401.85. citeturn0news9
- **52-Week Range:** The stock has traded between ₹300.00 and ₹498.94 over the past year, indicating a stable performance within this range.

- **Support and Resistance Levels:**
- **Support Level:** The immediate support is around ₹380.00.
- **Resistance Level:** The immediate resistance is near ₹420.00.

**Conclusion:**

ITC Limited continues to exhibit strong financial performance and maintains a leading position in the Indian market across its various business segments. The strategic demerger of its hotel business and commitment to sustainability initiatives reflect the company's forward-looking approach. The stock's stable performance and favorable technical indicators suggest a positive outlook for investors.