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Chandan of has buy call on . with a target price of Rs 340. The current market price of ITC Ltd. is Rs 326.65.
ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 401044.79 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 30-06-2022, the company reported a Consolidated Total Income of Rs 18810.18 Crore, up 3.05 % from last quarter Total Income of Rs 18252.64 Crore and up 28.07 % from last year same quarter Total Income of Rs 14687.80 Crore. Company reported net profit after tax of Rs 4462.25 Crore in latest quarter.
Investment Rationale
Higher top – higher bottom over last few months and made a strong Bullish candle on weekly frame
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 15.51 per cent, DIIs 39.99 per cent.
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