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    Buy ITC, target Rs 272: CK Narayan

    Synopsis

    Buy ITC Ltd. at a price target of Rs 272.0 and a stoploss at Rs 261 from entry point.

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    CK Narayan of Chart Advise has a buy call on ITC Ltd. with a target price of Rs 272. The current market price of ITC Ltd. is Rs 265.9. Time period given by the analyst is Intra Day when ITC Ltd. price can reach the defined target. CK Narayan recommended to keep stoploss at Rs 261. ITC Ltd., incorporated in 1910, has a market cap of Rs 326697.77 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

    Shivakumar Gowda322 days ago
    again, this one is another flap prediction
    The Economic Times