ITC SHARE at All-Time High! Experts See More Upside

ITC stock hit a fresh all-time high of Rs 358 in the trading session on November 3. The scrip is up over 60 per cent in 2022 so far

ITC on a roll!

For Q2FY23, ITC posted a 24 per cent rise in its consolidated net profit at Rs 4,670.32 crore. Profit in the year-ago period was Rs 3,763.73 crore. ITC’s cigarette business grew by a whopping 20%

Strong Q2 show
for ITC

KRChoksey has maintained a 'Buy' rating with a target price of Rs 400

Is ITC share heading
towards Rs 400-mark?

"Expected pick-up in consumption in the coming quarters led by softening inflation, normal monsoons and proactive measures taken by the Government and RBI augurs well for ITC," it said

KRChoksey on
ITC share

Nuvama Institutional Equities revised its price target on the stock to Rs 400 from Rs 357 earlier

Analysts on ITC share

ICICI Securities noted that the paperboard business is likely seeing a structural uptrend with agribusiness also reporting robust underlying performance. The brokerage firm has an 'Add' rating on the stock with a target price of Rs 400

ICICI Securities on
ITC share price

According to Motilal Oswal, ITC looks good because of healthy sales in the FMCG business and smart recovery in their hotels business

Motilal Oswal
on ITC share

Stock mentioned in the story is for information purpose only. Investors or market participants should consult their financial advisors before taking any position


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