Buy ITC, target Rs 280: Shrikant Chouhan
ETMarkets.com|
Sep 22, 2017, 12.39 PM IST
Shrikant Chouhan of Kotak Securities Limited has a buy call on ITC with a target price of Rs 280.
The current market price of ITC is Rs 270.20.
Time period given by analyst is intraday when ITC price can reach defined target.
Shrikant Chouhan recommended to keep a stop loss at Rs 264.
ITC, incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 3,27,440.09 Crore) operating in Tobacco sector.
ITC key Products/Revenue Segments include Cigarettes which contributed Rs 34001.98 Crore to Sales Value (61.32 per cent of Total Sales), Packaged Food Item which contributed Rs 8036.41 Crore to Sales Value (14.49 per cent of Total Sales), Agricultural Products which contributed Rs 3534.95 Crore to Sales Value (6.37 per cent of Total Sales), Paper & Paper Boards which contributed Rs 3219.57 Crore to Sales Value (5.80 per cent of Total Sales), Others which contributed Rs 2462.16 Crore to Sales Value (4.44 per cent of Total Sales), Tobacco Unmanufactured which contributed Rs 1817.93 Crore to Sales Value (3.27 per cent of Total Sales), Service (Hotel) which contributed Rs 1329.25 Crore to Sales Value (2.39 per cent of Total Sales), Printed Materials which contributed Rs 599.44 Crore to Sales Value (1.08 per cent of Total Sales), Other Operating Revenue which contributed Rs 446.77 Crore to Sales Value (0.80 per cent of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 9,876.45 Crore, down 11.23 per cent from last quarter Sales of Rs 11,125.54 Crore and down 0.82 per cent from last year same quarter Sales of Rs 9,957.66 Crore.
Company has reported net profit after tax of Rs 2,560.50 Crore in latest quarter.
The company's top management includes Mr.Arun Duggal, Mr.David Robert Simpson, Mr.Nakul Anand, Mr.Rajiv Tandon, Mr.Sahibzada Syed Habib-ur-Rehman, Mr.Sanjiv Puri, Mr.Shilabhadra Banerjee, Mr.Sunil Behari Mathur, Mr.Suryakant Balkrishna Mainak, Mr.Yogesh Chander Deveshwar, Mr.Zafir Alam, Ms.Meera Shankar, Ms.Nirupama Rao.
Company has Deloitte Haskins & Sells as its auditors.
As on 31-03-2017, the company has a total of 12,147,383,071 shares outstanding.
The current market price of ITC is Rs 270.20.
Time period given by analyst is intraday when ITC price can reach defined target.
Shrikant Chouhan recommended to keep a stop loss at Rs 264.
ITC, incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 3,27,440.09 Crore) operating in Tobacco sector.
ITC key Products/Revenue Segments include Cigarettes which contributed Rs 34001.98 Crore to Sales Value (61.32 per cent of Total Sales), Packaged Food Item which contributed Rs 8036.41 Crore to Sales Value (14.49 per cent of Total Sales), Agricultural Products which contributed Rs 3534.95 Crore to Sales Value (6.37 per cent of Total Sales), Paper & Paper Boards which contributed Rs 3219.57 Crore to Sales Value (5.80 per cent of Total Sales), Others which contributed Rs 2462.16 Crore to Sales Value (4.44 per cent of Total Sales), Tobacco Unmanufactured which contributed Rs 1817.93 Crore to Sales Value (3.27 per cent of Total Sales), Service (Hotel) which contributed Rs 1329.25 Crore to Sales Value (2.39 per cent of Total Sales), Printed Materials which contributed Rs 599.44 Crore to Sales Value (1.08 per cent of Total Sales), Other Operating Revenue which contributed Rs 446.77 Crore to Sales Value (0.80 per cent of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 9,876.45 Crore, down 11.23 per cent from last quarter Sales of Rs 11,125.54 Crore and down 0.82 per cent from last year same quarter Sales of Rs 9,957.66 Crore.
Company has reported net profit after tax of Rs 2,560.50 Crore in latest quarter.
The company's top management includes Mr.Arun Duggal, Mr.David Robert Simpson, Mr.Nakul Anand, Mr.Rajiv Tandon, Mr.Sahibzada Syed Habib-ur-Rehman, Mr.Sanjiv Puri, Mr.Shilabhadra Banerjee, Mr.Sunil Behari Mathur, Mr.Suryakant Balkrishna Mainak, Mr.Yogesh Chander Deveshwar, Mr.Zafir Alam, Ms.Meera Shankar, Ms.Nirupama Rao.
Company has Deloitte Haskins & Sells as its auditors.
As on 31-03-2017, the company has a total of 12,147,383,071 shares outstanding.
