Several brokers have given a buy call on ITC with varied target prices. The current market price of ITC Ltd. is Rs 221.75. Time period given by analysts is one year when ITC Ltd. price can reach defined target. ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 273449.64 Crore) operating in Tobacco sector
Attractive valuations, expected improvement in business outlook, lower lockdown impact on the FMCG and cigarette segments, a strong portfolio of FMCG brands, and the potential of value unlocking could drive the stock, experts said. They advised investors to hold the stock for a couple of years, given the expected returns along with good dividend yield.
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 18787.72 Crore, up 22.69 % from last quarter Total Income of Rs 15313.15 Crore and up 28.07 % from last year same quarter Total Income of Rs 14670.17 Crore. Company reported net profit after tax of Rs 4118.80 Crore in latest quarter.