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itc share price target: No reason for a long-term investor to sell ITC: Anand Tandon


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ITC has a dividend yield of more than 5 per cent and its cash flows continue to grow robustly, points out independent market analyst Anand Tandon while stressing that long-term investors need patience. Edited excerpts from an interview:
Many brokerages have increased their price targets on SBI. What is your own sense on how scalable SBI can be in the next one year?
Frankly, if SBI does not perform then the index numbers in terms of earnings has to come down dramatically. Much of the earnings growth forecast for the index is coming from companies like SBI and metals. Therefore, they have to perform and there is no reason why they won t perform. ....

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