Yes Securities has buy call on with a target price of Rs 227. The current market price of ITC Ltd. is Rs 222.5.
ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 265728.95 Crore) operating in Tobacco sector.
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 13147.81 Crore, up 35.24 % from last quarter Sales of Rs 9722.04 Crore and up 3.04 % from last year same quarter Sales of Rs 12759.44 Crore Company has reported net profit after tax of Rs 3418.69 Crore in latest quarter.
Recent decline found renewed buying interest near its 50-day EMA. Swift reversal from the support zone could mean resumption of uptrend.
Promoters held 0 per cent stake in the company as of Sept 30, 2020, while FIIs held 13.1 per cent, DIIs 43.5 per cent and public and others 43.5 per cent.