Buy ITC, target Rs 290: Kunal Bothra
Buy ITC Ltd. at a price target of Rs 290 and a stoploss at Rs 264 from entry point.
ITC Ltd., incorporated in the year 1910, is a largecap company with a market cap of Rs 334129.43 crore. ITC Ltd. key Products/Revenue Segments include Cigarettes which contributed Rs 34001.98 Crore to Sales Value (61.32 % of Total Sales), Packaged Food Item which contributed Rs 8036.41 Crore to Sales Value (14.49 % of Total Sales), Agricultural Products which contributed Rs 3534.95 Crore to Sales Value (6.37 % of Total Sales), Paper & Paper Boards which contributed Rs 3219.57 Crore to Sales Value (5.80 % of Total Sales), Others which contributed Rs 2462.16 Crore to Sales Value (4.44 % of Total Sales), Tobacco Unmanufactured which contributed Rs 1817.93 Crore to Sales Value (3.27 % of Total Sales), Service (Hotel) which contributed Rs 1329.25 Crore to Sales Value (2.39 % of Total Sales), Printed Materials which contributed Rs 599.44 Crore to Sales Value (1.08 % of Total Sales), Other Operating Revenue which contributed Rs 446.77 Crore to Sales Value (0.80 % of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 10479.24 Crore, up 8.34 % from last quarter Sales of Rs 9672.57 Crore and down -5.81 % from last year same quarter Sales of Rs 11125.54 Crore Company has reported net profit after tax of Rs 2932.71 Crore in latest quarter. The company’s top management includes Mr.Arun Duggal, Mr.David Robert Simpson, Mr.John Pulinthanam, 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, Ms.Meera Shankar, Ms.Nirupama Rao. Company has Deloitte Haskins & Sells as its auditoRs As on 30-06-2018, the company has a total of 12,207,412,321 shares outstanding.