Buy ITC, target price Rs 360: BNP Paribas

Buy ITC, target price Rs 360: BNP Paribas
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Synopsis

ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 425720.68 Crore) operating in Tobacco sector.

Agencies
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.
Securities has buy call on ITC with a target price of Rs 360. The current market price of . is Rs 347.

ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 425720.68 Crore) operating in Tobacco sector.

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.



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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