News From Press Mutual funds lap up ITC as the stock turns cheapest among FMCG peers

Mutual funds lap up ITC as the stock turns cheapest among FMCG peers

Source: Moneycontrol Oct 31, 2017

Mutual funds houses have been lapping up shares of ITC due to its cheap valuations compared with the available stocks in the FMCG sector.

India’s 4th largest company by market cap which rose a little over 11 percent so far in the year 2017 saw some bulk-buying interest from mutual fund managers in September ahead of its results.

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