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:
Brokerage | Target Price (₹) | Upside Potential (%) |
---|---|---|
Axis Securities | 540 | 22.71% |
Prabhudas Lilladher | 492 | 11.77% |
Nuvama | 560 | 27.23% |
ICICI Direct | 500 | 13.62% |
Edelweiss | 535 | 21.66% |
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.