Buy ITC Ltd., target Rs 320.0 : UBS

UBS has Buy call on ITC Ltd. with a target price of Rs 320.0. The current market price of ITC Ltd. is 258.65. Time period given by analyst is year, when ITC Ltd. price can reach defined target. The forex loss impacted JLR's margins but should bounce back in next few quarters, said the global investment bank. It expects JLR's margins to climb to about 16 per cent over FY18-19. India business continued to improve as it posted a 2nd consecutive quarter of profit. The volume growth outlook remains strong given a robust product pipeline. CLSA expects a strong 21 per cent earnings-per-share (EPS) CAGR over FY16-19.