Brokerages have a mixed view on ITC post results
Synopsis
Several brokerages have raised their price targets on the stock but this is due to rolling forward of valuations by a year
Mumbai: Brokerages have a mixed view on ITC after the tobacco-to-FMCG major registered an 11.4 per cent year-on-year decline in consolidated profit at Rs 3,587 crore for the quarter ended December.Shares of ITC ended down 4 per cent at Rs 217.45 on Friday.Several brokerages have raised their price targets on the stock but this is due to rolling forward of valuations by a year. Edelweiss has a hold rating on the stock but Haitong Securities, JP
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