|
20 Dec 2025 |
ITC
|
Consensus Share Price Target
|
401.05 |
493.39 |
- |
23.02 |
buy
|
|
|
|
|
06 Feb 2023
|
ITC
|
BOB Capital Markets Ltd.
|
401.05
|
459.00
|
383.40
(4.60%)
|
Target met |
Buy
|
|
|
Q3 revenue grew 3.5% YoY and gross margin expanded 700bps driven by a strong performance across categories
|
|
06 Feb 2023
|
ITC
|
ICICI Securities Limited
|
401.05
|
420.00
|
380.65
(5.36%)
|
Target met |
Accumulate
|
|
|
Cigarette business continues to report strong revenue growth (~11% 3-year CAGR, volumes up ~15% in 3Q vs consensus at +10%) driven by market share gain from informal segment due to (1) stability in taxes and (2) deterrent action by enforcement agencies.
|
|
06 Feb 2023
|
ITC
|
Axis Direct
|
401.05
|
460.00
|
383.40
(4.60%)
|
Target met |
Buy
|
|
|
Recommendation With an upside potential of 21% from the CMP, we maintain our BUY rating on the stock.
|
|
04 Feb 2023
|
ITC
|
Motilal Oswal
|
401.05
|
450.00
|
380.65
(5.36%)
|
Target met |
Buy
|
|
|
|
|
04 Feb 2023
|
ITC
|
ICICI Direct
|
401.05
|
450.00
|
380.65
(5.36%)
|
Target met |
Buy
|
|
|
|
|
03 Feb 2023
|
ITC
|
Prabhudas Lilladhar
|
401.05
|
438.00
|
380.65
(5.36%)
|
Target met |
Accumulate
|
|
|
|
|
02 Feb 2023
|
ITC
|
Axis Direct
|
401.05
|
410.00
|
378.60
(5.93%)
|
Target met |
Buy
|
|
|
We continue to remain positive on ITC and maintain a BUY rating with a revised TP of Rs 410 (22x FY25 EPS) vs. Rs 400 (22x Sep-24 EPS), implying an upside of 14% from the CMP.
|
|
01 Nov 2022
|
ITC
|
Geojit BNP Paribas
|
401.05
|
371.00
|
353.60
(13.42%)
|
Target met |
Hold
|
|
|
|
|
25 Oct 2022
|
ITC
|
IDBI Capital
|
401.05
|
380.00
|
345.80
(15.98%)
|
Target met |
Hold
|
|
|
|
|
21 Oct 2022
|
ITC
|
Axis Direct
|
401.05
|
400.00
|
345.60
(16.04%)
|
Target met |
Buy
|
|
|
Benign taxation, inexpensive valuations (21x FY24E EPS), and 3-4% dividend yield makes us BUYers of the stock. Our TP is revised toRs 400. Key Risks to our call:a)regulatory announcements to curb cigarette consumption through tax hikes b) resurgence of covid cases, & c) inflation.
|
