ITC's Triple 1:10: Split, Bonus & Mega Dividend Ignite Buy Call!
ITC Limited 1:10 Split Bonus is set to stir the market with a dynamic triple action strategy. The FMCG giant has announced a 1:10 stock split alongside a 3-for-1 bonus issue, moves designed to boost liquidity and broaden shareholder participation. Currently, the stock is trading just Rs 24 above its recent lows, offering a compelling entry point for investors.
Adding to the excitement, ITC is poised to pay an unprecedented 650% dividend in March, signaling robust confidence in its financial health.
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This aggressive dividend payout, combined with the split and bonus, has led Geojit to issue a BUY recommendation, reinforcing the stock’s bullish outlook.
Investors now have multiple reasons to watch ITC closely as these strategic initiatives promise to enhance shareholder value and elevate market positioning.