Buy ITC, target price Rs 252: Anand Rathi

Anand Rathi has buy call on ITC with a target price of Rs 252.0. The current market price of ITC is Rs 218.3.
Time period given by analyst is one month 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 271108.78 Crore) operating in Tobacco sector.


ITC Ltd. key Products/Revenue Segments include Packaged Food Item, Agricultural Products, Paper & Paper Boards, Others, Service (Hotel), Tobacco Unmanufactured, Printed Materials, Other Operating Revenue for the year ending 31-Mar-2020.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 15313.15 Crore, up 4.26 % from last quarter Total Income of Rs 14687.80 Crore and up 11.53 % from last year same quarter Total Income of Rs 13730.06 Crore. Company reported net profit after tax of Rs 3763.73 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 13.59 per cent, DIIs 40.94 per cent.