Over the past couple of years, ITC (read as Indian Tobacco Company) has been in the news, as it moves to demerge the hotel business from other core operations of the company. For retail investors like you and me, this is a mega event because ITC is a behemoth and when they decide to separate their businesses, we get to learn a lot more about investing by studying them rather than listening to ‘10 best investment picks this year’ from some fin-influencer.
This is a detailed account of my thoughts on the stock.
But first, an honest confession.
The first draft of this article was absolute bullshit. Since, I was more interested in drum beating about my investment prowess of buying the stock when no one wanted and keeping it in the portfolio for the last 3 years in which the stock has nearly tripled in value.
That’s where Mr Nandish Desai reminded me that I didn’t merely hold it because I didn’t have anything else to buy. I held it because I was completely…
