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Yes Securities has buy call on with a target price of Rs 245. The current market price of ITC Ltd. is Rs 227.95.
ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 278464.74 Crore) operating in Tobacco sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 14670.17 Crore, up 6.85 % from last quarter Total Income of Rs 13730.06 Crore and up 5.08 % from last year same quarter Total Income of Rs 13960.50 Crore. Company reported net profit after tax of Rs 3587.20 Crore in latest quarter.
Investment Rationale
Post ~16% decline from the Feb peak, bulls regained momentum on the upside. Sustenance above Rs 220 could lift the stock till the Rs 245 zone.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.3 per cent, DIIs 38.9 per cent and public and others 47.8 per cent.
ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 278464.74 Crore) operating in Tobacco sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 14670.17 Crore, up 6.85 % from last quarter Total Income of Rs 13730.06 Crore and up 5.08 % from last year same quarter Total Income of Rs 13960.50 Crore. Company reported net profit after tax of Rs 3587.20 Crore in latest quarter.
Investment Rationale
Post ~16% decline from the Feb peak, bulls regained momentum on the upside. Sustenance above Rs 220 could lift the stock till the Rs 245 zone.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.3 per cent, DIIs 38.9 per cent and public and others 47.8 per cent.
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