ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 258838.09 Crore) operating in Tobacco sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 14670.17 Crore, up 6.85 % from last quarter Total Income of Rs 13730.06 Crore and up 5.08 % from last year same quarter Total Income of Rs 13960.50 Crore. Company reported net profit after tax of Rs 3587.20 Crore in latest quarter.
Investment Rationale
The stock has made a 52 week high near Rs 239 in February 2021. Since then, it has been largely range bound hovering around Rs 205. It failed to sustain above Rs 212 despite many attempts in the past trading sessions. However, recently, the stock has taken support of lower band level of Rs 200 and is now witnessing fresh buying momentum. It believes upsides may continue in the stock and it may surpass its February highs in coming weeks
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.3 per cent, DIIs 38.9 per cent and public and others 47.8 per cent.
