Yes Securities has buy call on with a target price of Rs 245. The current market price of ITC Ltd. is Rs 227.95.
ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 278464.74 Crore) operating in Tobacco sector.
ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 278464.74 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
Post ~16% decline from the Feb peak, bulls regained momentum on the upside. Sustenance above Rs 220 could lift the stock till the Rs 245 zone.
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.
