Buy ITC, target price Rs 250: HDFC Securities
ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 254054.54 Crore) operating in Tobacco sector.
By ETMarkets.com | Updated:
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HDFC Securities has buy call on ITC with a target price of Rs 250. The current market price of ITC is Rs 206.4.
Time period given by analyst is one year when ITC price can reach defined target.
ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 254054.54 Crore) operating in Tobacco sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 14687.80 Crore, down -1.57 % from last quarter Total Income of Rs 14921.76 Crore and up 37.28 % from last year same quarter Total Income of Rs 10699.20 Crore. Company reported net profit after tax of Rs 3343.44 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of June 30, 2021, while FIIs held 11.7 per cent, DIIs 42.4 per cent and public and others 45.9 per cent.
Time period given by analyst is one year when ITC price can reach defined target.
ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 254054.54 Crore) operating in Tobacco sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 14687.80 Crore, down -1.57 % from last quarter Total Income of Rs 14921.76 Crore and up 37.28 % from last year same quarter Total Income of Rs 10699.20 Crore. Company reported net profit after tax of Rs 3343.44 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of June 30, 2021, while FIIs held 11.7 per cent, DIIs 42.4 per cent and public and others 45.9 per cent.
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