Name: Latest research reports of ITC Ltd. authored by JM Financial and published by - Trendlyne research reports.
Item: ITC Ltd.
Rating: 5
Author: JM Financial

ITC Ltd.

NSE: ITC | BSE: 500875 | ISIN: INE154A01025 | Industry: Cigarettes-Tobacco Products
| Expensive Performer

405.5500 1.60 (0.40%)

NSE Mar 21, 2025 15:31 PM

Near 52W Low of ₹391.20

Volume: 25.3M

ITC Ltd.

26 Sep 2018

405.55

0.40%

ITC

Buy: ITC Ltd.

Target

JM Financial

The GST Council is scheduled to meet coming Friday, Sep 28 to, inter alia, decide on a way to raise funds to help re-build Kerala after the state faced massive losses from severe flooding last month (Aug'18). The natural consequence of this is, expectedly, renewed pressure on ITC's share price. Interestingly, the GST Council may not need any parliamentary approval for this additional levy since Article 279A of the Constitution has already been amended to allow the GST Council to recommend any special rate or rates for a specified period, to raise additional resources during any natural calamity or disaster'. We expect the stock to recover once the event is out of the way this week, as we do not expect the fresh levy to be all that...

ITC Ltd. is trading below all available SMAs