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Buy This Tobacco Sector Stock, With High TTM EPS, For Target Price Of Rs 360: BNP Paribas

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Leading brokerage firm BNP Paribas has assigned buy rating to the tobacco sector large cap stock, ITC Ltd with a target price of Rs 360. The company is one of India's renowned private sector companies with a gross sales value of ₹ 90,104 crores and net profit of ₹ 15,058 crores as on March 31, 2022. Check key takeaways below:

ITC Ltd Stock Outlook

ITC Ltd Stock Outlook

The current market price of ITC Ltd is Rs 346 apiece with an intraday surge of 0.33%. According to BNP Paribas, if you invest in the stock at its current market price, it is showing a potential of a surge with a target price of Rs 360 apiece and a potential gain of 4%.

ITC Ltd 52-Week High/Low

ITC Ltd 52-Week High/Low

The stock's 52-week high is quoted at Rs 349 apiece and 52-week low is Rs 207 apiece, respectively.

ITC Ltd Market Capitalisation
 

ITC Ltd Market Capitalisation

The company has a market capitalisation of Rs 4,29,198.61 crore. The company has now become debt free for the first time since the past 5 years. ITC Ltd is a company with high TTM EPS growth.

ITC Ltd Quarterly Results

ITC Ltd Quarterly Results

ITC Ltd has for the quarter ended June 30, 2022 declared a consolidated total income of Rs 18,810 crore, up 3% from last quarter total income of Rs 18,252 crore. It has declared a net profit after tax of Rs 4,462.25 crore in latest quarter.

ITC lTD 5-Years Return

ITC lTD 5-Years Return

The stock has given a return of 29% in the last 5 years, 35% in last 3 years, and 42% in the last one year. The stock has gained 30% in the last 3 months only. 

ITC Ltd About

ITC Ltd About

ITC has a diversified presence in FMCG, Hotels, Packaging, Paperboards & Specialty Papers and Agri-Business. ITC's aspiration to be an exemplar in sustainability practices is manifest in its status as the only company in the world, of its size and diversity, to be carbon, water and solid waste recycling positive. In addition, ITC's businesses and value chains create sustainable livelihoods for more than 6 million people, a majority of whom represent the poorest in rural India, according to its official website.

Disclaimer

Disclaimer

The stock has been picked from the brokerage report of BNP Paribas. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.

 

 

Story first published: Friday, September 23, 2022, 18:08 [IST]
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