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Buy ITC, target Rs 302: Siddharth Bhamre

Buy ITC Ltd. at a price target of Rs 302.0 and a stop loss at Rs 274.0 from entry point|
Apr 26, 2017, 09.18 AM IST
Independent analyst Siddharth Bhamre has a buy call on ITC Ltd. with a target price of Rs 302.0 .The current market price of ITC Ltd. is Rs 281.2 Time period given by analyst is Intra Day when ITC Ltd. price can reach defined target. Siddharth Bhamre maintains stop loss at Rs 274.0 .

ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of ₹ 341584.41 Cr.) operating in Tobacco sector.

ITC Ltd. key Products/Revenue Segments include Cigarettes which contributed ₹ 32348.29 Cr to Sales Value (62.27 % of Total Sales), Packaged Food Item which contributed ₹ 7097.49 Cr to Sales Value (13.66 % of Total Sales), Paper & Paper Boards which contributed ₹ 3275.67 Cr to Sales Value (6.30 % of Total Sales), Agricultural Products which contributed ₹ 2695.15 Cr to Sales Value (5.18 % of Total Sales), Others which contributed ₹ 2622.13 Cr to Sales Value (5.04 % of Total Sales), Tobacco Unmanufactured which contributed ₹ 1694.19 Cr to Sales Value (3.26 % of Total Sales), Service (Hotel) which contributed ₹ 1273.51 Cr to Sales Value (2.45 % of Total Sales), Printed Materials which contributed ₹ 576.02 Cr to Sales Value (1.10 % of Total Sales), Other Operating Revenue which contributed ₹ 362.12 Cr to Sales Value (0.69 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 9149.31 Cr., down -4.05% from last quarter Sales of ₹ 9535.47 Cr. and up 4.05% from last year same quarter Sales of ₹ 8792.99 Cr. Company has reported net profit after tax of ₹ 2646.73 Cr. in latest quarter. The company’s CEO is Mr.Sanjiv Puri. It's Board of Directors include Mr.Sanjiv Puri, Mr.Shilabhadra Banerjee, Mr.Sunil Behari Mathur, Mr.Suryakant Balkrishna Mainak, Mr.Yogesh Chander Deveshwar, Mr.Zafir Alam, Ms.Meera Shankar, Ms.Nirupama Rao, Mr.A R Noronha, Mr.B K Pramanick, Mr.Bagri Giriraj, Mr.Biswa Behari Chatterjee, Mr.Chakraborty Kanchan, Mr.Dixit Pradeep Kumar, Mr.Ghosh Chandana, Mr.K I Viswanathan, Mr.P Gupta, Mr.P Sen Gupta, Mr.S Sivakumar, Mr.S Songadwala Zubin, Mr.Wariah Dalbir Singh, Mr.Arun Duggal, Mr.Ashok Malik, Mr.Biswa Behari Chatterjee, Mr.David Robert Simpson, Mr.Nakul Anand, Mr.Pillappakkam Bahukutumbi Ramanujam, Mr.Rajiv Tandon, Mr.Sahibzada Syed Habib-ur-Rehman. Company has its registered office at ITC Gardenia,, 1, Residency Road, Bangalore, 560025, Karnataka. Company has Deloitte Haskins & Sells as its auditors. As on 31-03-2017, the company has a total of 12,147,383,071 shares outstanding.

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