ITC stock touched the Rs 200 mark in early 2013 and remained in that range for almost 10 years. In 2022, the large-cap stock staged a turnaround and never looked back
The company was incorporated on August 24, 1910, under the name Imperial Tobacco Company of India Limited
The name of the company was changed to India Tobacco Company Limited in 1970 and then to I.T.C. Limited in 1974. The full stops in the company's name were removed effective September 18, 2001
ITC Limited is a diversified conglomerate with businesses spanning Fast Moving Consumer Goods comprising Foods, Personal Care, Cigarettes and Cigars, Education & Stationery Products, Hotels, Paperboards and Packaging, Agri Business and Information Technology
Shares of ITC touched an all-time high of Rs 402 in Tuesday's trading session. It crossed Rs 400-mark for the very first time on April 17, 2023
The index heavyweight has recovered over 60% from its 52-week low of Rs 249. On a year-to-date basis, the stock is up over 20%
Brokerage firms suggest that the company is likely to deliver double-digit growth in its cigarette volumes, while its other business volumes including paper, FMCG and hotel business may deliver robust performance
ITC reported a 21% jump in net profit at Rs 5,031 crore for the third quarter as against Rs 4,156 crore in the year-ago period. The company declared an interim dividend of Rs 6 per share. In the past 12 months, ITC has declared an equity dividend amounting to Rs 12.25 per share
Many brokerages, including Motilal Oswal, Axis Securities, and ICICI Securities, have a 'Buy' rating on ITC stock with target prices in the range of Rs 450-Rs 475
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