@Vivek_Investor I hope they have no plans to sell the stock,I will go for:
ITC = It is defensive with high dividend yield, dividend will continue to grow in the future even if the stock price remain stagnant. Plus point= potential for its huge consumer staples business if margins normalise.
@AdityaD_Shah Buying back stocks will increase the ownership of the 'British Tobacco Company' in ITC. I think the company doesn't want that in case BTA starts interfering in ITC's management.
@AdityaD_Shah Just read your article. Have one small question - the 28% auto loans you mentioned were given to auto consumers not auto companies right? So do you think the current slow down in auto companies will put any significant impact on consumer- auto loans ?
There are a lot common between 'Coronavirus' and 'Chernobyl'. Both are(and were) dangerous to mankind and both were tried to be supressed by their authoritarian governments in fear of embarrassment. I believe thats how Communism works.
The Dow Jones was down nearly 10% a day ago, the next day it is up 10%.
Apparently the stock market is intimating the crypto-currency market.For a Bitcoin investor this is just another normal day.