Top Benefits of Buying ITC Share in 2023

With the growing market of ITC shares, it is no wonder that people are looking to buy ITC shares in 2023. If you’re looking for the best investment option in India, then look no further than ITC Ltd.! ITC is one of the most well-known and respected companies in India, and their stock has been performing incredibly well in recent years. If you’re thinking of buying ITC shares, now is definitely the time to do it! We will discuss the top benefits of investing in ITC Ltd. stock in 2023 in this article.

Let’s take a look at them.

  • ITC Share Price is Very Affordable

ITC share price is currently trading at Rs. 290, which is quite affordable for small investors. Also, with a market capitalisation of over Rs.2 lakh crore, ITC is definitely a blue-chip stock that you can consider investing in for the long term. Unlike the other large companies, ITC’s share price has not seen a major correction in the last few years and has been trading in a very tight range. This makes ITC an ideal candidate for small investors looking to invest in blue-chip stocks without worrying about the volatility.

  • ITC has a Diversified Business Portfolio

ITC is engaged in various businesses, including cigarettes, hotels, paperboards, packaging, agri-business, branded apparel, personal care products, and information technology. This diversification reduces ITC’s dependence on any single business and provides a cushion against any downturn in a particular sector.

  • ITC has a Strong Presence in Various Sectors

ITC is one of the few companies in India with a strong presence in various sectors such as FMCG, tobacco, hospitality, agri-business etc. This gives ITC the added advantage of weathering any economic downturns better than most other companies. You can open Demat account online and buy ITC shares in 2023.

  • ITC has a Strong Brand Presence

ITC is a well-known and trusted brand in India and globally. This gives ITC the advantage of charging a premium for its products and services. This is one of the primary reasons ITC’s share price has been on a consistent uptrend over the years.

  • ITC is a Debt-Free Company

ITC is one of the few companies in India that is entirely debt-free. This makes ITC a very attractive investment proposition as it reduces the risk of defaulting on interest payments.

  • ITC has a Strong Financial Position

ITC has a strong balance sheet with little debt on it. This gives ITC the flexibility to invest in growth opportunities when they arise. This means that you can expect ITC to continue to generate strong returns for shareholders in the future.

  • ITC Pays Regular Dividends

ITC has been paying regular dividends for the last several years. This makes it an attractive stock for income investors as well.

The Bottom Line

ITC is one of India’s largest and most diversified companies, with a presence in nearly all sectors of the Indian economy. ITC is a good investment for the long term, as it has a great track record of growth and profitability. It also has a large and growing market share in many of its businesses, which gives it a competitive edge.

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