Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,999.1059.0
Stock Analysis, IPO, Mutual Funds, Bonds & More

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.

ETMarkets.com|
Updated: Jul 23, 2018, 09.43 AM IST
0Comments
ThinkStock Photos
buy1_600
Independent analyst Kunal Bothra has a buy call on ITC Ltd. with a target price of Rs 290. The current market price of ITC Ltd. is Rs 273.45 Time period given by analyst is Intra Day when ITC Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 264.

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.

Also Read

Buy ITC, target Rs 260: Kunal Bothra

Buy BHEL, target Rs 62: Kunal Bothra

Bet on Bank Nifty if it corrects further: Kunal Bothra

Sell DLF, target Rs 175: Kunal Bothra

Sell DLF, target Rs 178: Kunal Bothra

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service