Fundamental Radar: ITC is better pick in FMCG space; buy for a target of 450, says Kaustubh Pawaskar

"ITC is one of the largest diversified consumptions play in India with presence in businesses such as cigarettes, FMCG, hotels, and paper. The company is the market leader in the domestic cigarette industry, which is its cash cow business. We have a Buy rating on the stock with PT of Rs450," Kaustubh Pawaskar, Deputy VP Fundamental Research at Sharekhan by BNP Paribas