ITC share price target ITC – the largest cigarette maker in the country – has faced pressure on its listing on the report of an expert group proposed by the Comprehensive Tobacco Tax Policy Development Centers
, While ITC is an outstanding market leader in traditional cigarette, hotel, cardboard, packaging and agricultural exports, it is rapidly gaining market share in packaged food and confectionery, branded apparel, personal care and office supplies.
ITC Share Price Targets 2022, 2023, 2024, 2025 and 2030
ITC Infotech India Limited, a wholly owned information technology subsidiary of ITC, provides IT services and solutions to key customers across the globe. ITC Limited is an FMCG holding company.
ITC acquired 87.06% of the share capital of Classic Infrastructure & Development Ltd. Russell Credit Limited, a wholly owned subsidiary of the Company, has acquired an entire stake in Wills Corporation Limited (WILLS).
In 2012, ITC Ltd acquired 2.26.06.065 no-par ordinary shares of Technico Pty Ltd (TPL), a company incorporated in Australia, a wholly owned subsidiary of Russell Credit Ltd., the company. During the year, ITC Infotech (USA), Inc., a wholly owned subsidiary of ITC Infotech India Limited, acquired Indivate Inc., a US incorporated company. signed the entire share capital of
Sanjeev Puri is the Chief Executive Officer of ITC Limited since May 16, 2018 and also Director with effect from December 6, 2015 and Chairman with effect from May 13, 2019. Unless otherwise noted, all financial data is based on an annualized period, but is updated.
quarterly. The investment advice offered is the sole individual view of the research team. More detailed information about the stock is presented below: Detailed technical analysis using all indicators.
Bullish Short Moving Average (21 Days) ITC Bullish Short Moving Average. Bullish Moving Average (50 Days) The ITC is a Bullish Moving Average. ITC Short Term Trading Stock Price Prediction – Using the Simple Moving Average of the SMA indicator is a powerful indicator for short term trading.
ITC Stock Price Prediction or Target – Using Camarilla Equation Check ITC Stock Price Forecast Intraday, Tomorrow and Short Term Using Camarilla Equation. ITC Stock Price Prediction for Long Term Investing – Using Graham’s Intrinsic Value Here is a long-term forecast of ITC stock price using Graham’s Intrinsic Value. Here you will get the Intraday and Tomorrow’s target price for ITC shares.
According to AI Pickup, ITC Ltd Share Price Forecast for September 2022 410.290083918734 As per ITC Ltd forecast, ITC Ltd (NSE ITC) shares can be a good investment option.
Technical analysts estimate the value of each ITC share to reach Rs 250, up 4.4% from current levels, which encourages investors to buy the stock. ITC shares hit a 52-week low of Rs 163.40 each in October last year and are up 46.5% since then.
ITC share price rose over 2% to Rs 239.40 on BSE during intraday trading on Monday.
The stock has surpassed its previous high of Rs 239.15 each set on February 9, 2021. Meanwhile, on BSE, ITC shares were trading around Rs 15 or 6.9% higher at Rs 230.85. ITC’s stock opened with a fall of Rs 235.10 from the previous day’s level of Rs 238.45.
Ongoing cost pressures have left operating margins unchanged from the same period last year and are likely to remain unchanged in the December quarter. The stock fell 3.83% to Rs 229.60 on BSE volume. Cigarettes were up 9.5% year-over-year for the quarter, but that was a weak base compared to a 12% drop in the year-ago quarter.
By the way, ITC has seen a rebound in cigarette sales, up 9.5% year-on-year, and quarterly cigarette production “close to pre-COVID levels”. ITC Ltd. Motilal Oswal targets 217.45 220.00 217.45 (9.66%) to receive broker-neutral online results report; The forecast is still misleading.
Motilal Oswal’s ITC 3Q21 financial year results are broadly consistent, with cigarette sales declining nearly 7% year-on-year at ITC Ltd. Motilal Oswal 209.00 220.00 209.00 (14.09%) Target broker’s report is to reach neutral online results; The outlook is still unclear.
Motilal Oswal caused a drop in sales despite good agricultural performance, but EBITDA and PBT were in line with our expectations.
The analyst firm also gave a positive outlook to the company’s IT arm ITC Infotech, whose sales grew 23%, while PAT grew 67% in H122. Quarter 22 of the financial year.
According to him, ITC Infotech continues to exhibit strong growth trends: in the first half of the ’22s, profitability increased by 1.7 times. Nirmal Bang has given a buy rating for the shares with a revised target of Rs 285, up from Rs 290 earlier, keeping ITC at 20 times September earnings per share.
ITC’s target forecast for Friday 1 October 2021 is 251.78, 247.16, 242.53 up and 210.52, 215.15, 219.77 down. ITC’s target forecast for Friday, 8 October 2021 is 260.71, 250.4, 240.08 up and 201.59, 211.91, 222.22 down. ITC’s target forecast for Friday 29 October 2021 is 269.27, 251.94, 234.6 up and 193.03, 210.37, 227.7 down. ITC’s October 2021 target estimates are 235.06, 228.72, 222.38 up and 187.54, 193.88, 200.22 down.
WTC forecasts for February 2022 are 261.74, 240.05, 218.35 up and 160.86, 182.56, 204.25 down. ITC Ltd ICICI Securities Ltd Reco Target 217.45 245.00 217.45 (9.66%) Target Reached Retention Broker Report ITC Ltd ICICI Securities Ltd Although we expect cigarette volumes to return to FY20 levels in the next two years with stable taxation, Those will remain negative growth zones in the long run.
A low base and encouraging growth in cigarette sales, structural growth in FMCG and 5% free cash flow dividend, and modest valuations have allowed Axis Capital to retain its buy tag for ITC shares with a target price of Rs 290 .
We follow Buy (Based on 19 Sep 21 EPS) with Revised Target Price (TP) of Rs 260, which shows an increase of 19% over Current Market Price (CMP).
Given that profitability is expected to improve in future, we maintain our BUY recommendation for the shares with revised rupee target price. The brokerage retained its buy rating for the stock with a target price of Rs 270 per share.
While the stock was very active, it also helped the BSE Sensex hit an all-time high of 59,000. Jain said the current move comes after the two-year consolidation breakout of the shares. Current ITC support is 235.5 and resistance is 241.8 on a 15-minute basis.
ITC Ltd Geojit BNP Paribas Target 207.90 256.00 207.90 (14.69%) 7.36 Broker Report on Buying ITC Ltd Geojit BNP Paribas ITC’s business segment has performed well under rising demand momentum, which is conducive to revenue performance.
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