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Thursday, November 23, 2023

ITC price analysis

ITC Share Price Target

As of November 23, 2023, the average target price for ITC Ltd. is ₹506.60. This represents an upside of 15.21% from the last price of ₹439.70.

The following table shows the target prices from different brokerages:

BrokerageTarget Price (₹)Upside Potential (%)
Axis Securities54022.71%
Prabhudas Lilladher49211.77%
Nuvama56027.23%
ICICI Direct50013.62%
Edelweiss53521.66%
Overall Company Analysis

ITC Ltd. is a diversified conglomerate with a presence in a wide range of industries, including cigarettes, FMCG, hotels, paperboards, packaging, and agribusiness. The company is one of the largest companies in India by market capitalization.

ITC has a strong track record of profitability and dividend payments. The company is also well-positioned to benefit from India's growing economy and middle class.

Key Strengths

  • Strong brand portfolio
  • Diversified business model
  • Strong balance sheet
  • Experienced management team

Key Risks

  • Regulatory risks (e.g., taxes on cigarettes)
  • Competition from other consumer goods companies
  • Economic slowdown

Overall, ITC is a fundamentally strong company with a good long-term outlook. However, investors should be aware of the risks associated with the company and the Indian economy.

Disclaimer:

This information is provided for general information purposes only and does not constitute investment advice. Please consult with a qualified financial advisor before making any investment decisions.