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    Buy ITC, target Rs 260: Kunal Bothra

    Synopsis

    Buy ITC Ltd. at a price target of Rs 260.0 and a stoploss at Rs 250 from entry point.

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    Independent analyst Kunal Bothra has a buy call on ITC Ltd. with a target price of Rs 260. The current market price of ITC Ltd. is Rs 253.95. Time period given by bthe analyst is Intra Day when ITC Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 250. ITC Ltd., incorporated in 1910, has a market cap of Rs 312015.42 crore.

    ITC Ltd. key Products/Revenue Segments include Cigarettes which contributed Rs 20712.95 Crore to Sales Value (45.24 % of Total Sales), Packaged Food Item which contributed Rs 9668.71 Crore to Sales Value (21.11 % of Total Sales), Agricultural Products which contributed Rs 4345.84 Crore to Sales Value (9.49 % of Total Sales), Paper & Paper Boards which contributed Rs 3718.79 Crore to Sales Value (8.12 % of Total Sales), Others which contributed Rs 2819.13 Crore to Sales Value (6.15 % of Total Sales), Tobacco Unmanufactured which contributed Rs 1721.15 Crore to Sales Value (3.75 % of Total Sales), Service (Hotel) which contributed Rs 1648.20 Crore to Sales Value (3.59 % of Total Sales), Printed Materials which contributed Rs 586.64 Crore to Sales Value (1.28 % of Total Sales), Other Operating Revenue which contributed Rs 562.98 Crore to Sales Value (1.22 % of Total Sales)for the year ending 31-Mar-2019.

    For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 12759.44 Crore, up 1.81 % from last quarter Sales of Rs 12532.31 Crore and up 6.16 % from last year same quarter Sales of Rs 12018.61 Crore Company has reported net profit after tax of Rs 4173.72 Crore in latest quarter. The company’s top management includes Mr.Arun Duggal, Mr.David Robert Simpson, Mr.Hemant Bhargava, Mr.John Pulinthanam, Mr.Nakul Anand, Mr.Rajiv Tandon, Mr.Sanjiv Puri, Mr.Shilabhadra Banerjee, Mr.Sumant Bhargavan, Mr.Sunil Behari Mathur, Ms.Meera Shankar, Ms.Nirupama Rao. Company has Deloitte Haskins & Sells as its auditors. As on 30-09-2019, the company has a total of 12,286,490,211 shares outstanding.
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    1 Comment on this Story

    anshu srivastav342 days ago
    wrong sir I bought 6000 at Rs 254.40 but market close 253.90 and never touched 254 again in hole day you target Rs 260
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