Dipan Mehta has an unequivocal "avoid" stance on tobacco counters, specifically ITC Limited, stating it's a tobacco stock, not an FMCG stock. He believes growth visibility remains limited and does not foresee ITC achieving double-digit growth rates in the foreseeable future.

Dipan Mehta’s track record: 12 graded calls · 95% CI 25–75%

ITCBearishCalled 26 Feb 2026Graded 19 Jul 2026
Verdict:NOT GRADED

Pre-fills a same-day INTRADAY short — delivery short-selling isn't allowed, so this is the only way to paper-trade a bearish call.

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