Three midcap stocks with strong growth potential
ITC set out an expansion.
· LiveMint Markets
Kalpataru Projects, ITC Hotels and Waaree Energies are expanding capacity, entering new markets and building order books as they target the next phase of growth.
The analysis
Against that, the stock is -3.8% on the day at ₹255.50, and has returned -9.4% over three months. It sits 39% below its 52-week high, which means a good deal of bad news was already in the price. The fmcg sector has moved -4.2% over the same period, so ITC is running 5.2 points behind its peers.
For ITC, the question is how much of this is already reflected in the price and how much re-rates the fmcg peer set alongside it.
Market context
- The company directly in focus is ITC.
- Sector exposure: FMCG.
- The immediate tone of coverage reads positive.
In this story
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