Buy ITC, target price Rs 470: Prabhudas Lilladher

economictimes.indiatimes.com:

ITC with a target price of Rs 470. The current market price of ITC Ltd. is Rs 422. ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 526034.04 Crore) operating in Tobacco sector.

ITC Ltd. key Products/Revenue Segments include Packaged Food Item, Agricultural Products, Paper & Paper Boards, Others, Tobacco Unmanufactured, Service (Hotel), Other Operating Revenue, Printed Materials for the year ending 31-Mar-2023.

Financials For the quarter ended 31-12-2023, the company has reported a Consolidated Total Income of Rs 20141.33 Crore, up 9.23 % from last quarter Total Income of Rs 18439.35 Crore and up 10.06 % from last year same quarter Total Income of Rs 18299.95 Crore. Company has reported net profit after tax of Rs 5400.51 Crore in latest quarter.


Promoter/FII Holdings Promoters held 0 per cent stake in the company as of 31-Dec-2023, while FIIs owned 43.26 per cent, DIIs 31.26 per cent.