ITC LIMITED – Deep Value or Value Trap?ITC LimitedNSE:ITCNoob1003Our latest research report on ITC Limited is now published. A few numbers immediately stand out: • Market Cap: ~₹3.93 Lakh Crores • Current Price Zone: ~₹313 • 12–18 Month Target: ₹420 – ₹470 • Upside Potential: +34% to +50% (Base Case) But the real story lies deeper. ITC is currently trading at ~11.2× P/E, while its 3-year average valuation stands at ~21.7× — implying nearly a 48% valuation discount despite solid fundamentals. Meanwhile the core business remains extremely strong: • Cigarettes: 80% market share | ~42% revenue | ~78% PBIT • FMCG Portfolio: 25+ brands reaching 25+ crore households • Cash & Investments: ₹20,000+ crore • ROE: ~28% • ROCE: ~37% • Dividend Yield: ~4.6% Recent corporate restructuring also adds an interesting dimension. The Hotels demerger (effective Jan 2025) removed a capital-heavy segment, potentially allowing markets to re-rate the core FMCG and cigarette businesses over time. From a technical perspective, the stock has undergone severe markdown and consolidation, placing it near a major demand zone between ₹305–₹340. Our current stance at Blitzkrieg Enterprises: Recommendation: Disciplined Accumulation Investment Horizon: 18–24 months Portfolio Allocation: 5–8% However the real question for investors now is: Is ITC currently one of the best deep value defensive opportunities in Indian markets… or will regulatory risks and cigarette taxation keep valuations suppressed? I’d genuinely like to hear what the community thinks. 👇 Bullish or Bearish on ITC over the next 2 years? Comment your view. #ITC #NSE #IndianStockMarket #IndianMarkets #ValueInvesting #StockMarketIndia #EquityResearch #FundamentalAnalysis #LongTermInvesting #DividendStocks #FMCG #MultibaggerStocks #MakeInIndia #RisingIndia #StockMarketResearch #FinanceCommunity #InvestingIndia #WealthCreation #EquityInvesting Disclaimer: No Buy/Sell Tip, only for educational purpose, stock market is subject to market risk please consult your SEBI registered financial advisor before investing.https://www.facebook.com/share/p/1Dk9SSswpo/