ITC SHARE at All-Time High! Experts See More Upside
ITC stock hit a fresh all-time high of Rs 358 in the trading session on November 3. The scrip is up over 60 per cent in 2022 so far
ITC on a roll!
For Q2FY23, ITC posted a 24 per cent rise in its consolidated net profit at Rs 4,670.32 crore. Profit in the year-ago period was Rs 3,763.73 crore. ITC’s cigarette business grew by a whopping 20%
Strong Q2 show for ITC
KRChoksey has maintained a 'Buy' rating with a target price of Rs 400
Is ITC share heading towards Rs 400-mark?
"Expected pick-up in consumption in the coming quarters led by softening inflation, normal monsoons and proactive measures taken by the Government and RBI augurs well for ITC," it said
KRChoksey on ITC share
Nuvama Institutional Equities revised its price target on the stock to Rs 400 from Rs 357 earlier
Analysts on ITC share
ICICI Securities noted that the paperboard business is likely seeing a structural uptrend with agribusiness also reporting robust underlying performance. The brokerage firm has an 'Add' rating on the stock with a target price of Rs 400
ICICI Securities on ITC share price
According to Motilal Oswal, ITC looks good because of healthy sales in the FMCG business and smart recovery in their hotels business
Motilal Oswal on ITC share
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