Buy ITC, target price Rs 351: Centrum Broking

Centrum Broking has buy call on ITC with a target price of Rs 351. The current market price of ITC Ltd. is Rs 291. Time period given by analyst is one year 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 358606.75 Crore) operating in Tobacco sector.

ITC Ltd. key Products/Revenue Segments include Packaged Food Item, Agricultural Products, Paper & Paper Boards, Others, Tobacco Unmanufactured, Service (Hotel), Printed Materials, Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 18252.64 Crore, down -2.85 % from last quarter Total Income of Rs 18787.72 Crore and up 22.32 % from last year same quarter Total Income of Rs 14921.76 Crore. Company reported net profit after tax of Rs 4259.68 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 14.51 per cent, DIIs 40.26 per cent.