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HomeSTOCKSBased On Strong Fundamentals Experts Are Bullish On This Stock; ₹512 Target

Based On Strong Fundamentals Experts Are Bullish On This Stock; ₹512 Target

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ITC Ltd (NSE: ITC): The share of FMCG company ITC manufactures a variety of products for everyday use, ranging from cigarettes, soap biscuits, flour, and more. 

It can cross the threshold of Rs 500. The brokerage company in one of its notes has suggested purchasing shares of ITC.

The brokerage has remained at the price target for ITC at 512 rupees. Today on Wednesday the share of ITC was closed at Rs 402.75.

On Wednesday this FMCG stock started trading at Rs 407 before settling at the price of Rs 410.05 at the time of writing, and in the middle, it even went up to the price of Rs 406.

The last year wasn’t generally a great one in the eyes of ITC investors. This calendar year ITC is delivering a negative return of around 13 percent. 

In the previous year, just 7 percent growth was attained. But, it has provided excellent returns to its investors. 

In the past twenty-five years, it achieved this level by recording the highest percentage of 2315 percent from 16.94. 

The 52-week high for the index is 499.70 and the lowest is 369.65.

Buy, Sell, Or Hold ITC

Based on solid economic fundamentals ITC can be regarded as a strong bullish stock for experts in the stock market. 

From a total of thirty-six analysts, fifteen have offered an enlightened buy recommendation for the stock. 

17 analysts have also rated the stock a Buy rating, and four analysts have advised to hold it. None of them has advised the selling of ITC.

ITC Share Holding Pattern

Foreign institutional investors hold the largest share of ITC in the amount of 43.26 percent. 

Foreign investors have cut their stake during the December quarter contrast with 43.34 percent during September. 

Institutional investors in the US increased their share between 31.08 percent to 31.26 percent. Others have a 25.48 percent stake. The stake held by promoters in this case is 0.

About ITC Ltd Company 

ITC Limited operates as an Indian-based holding company. Its divisions include fast-moving consumer goods (FMCG) Hotels, Paperboards, Paper and Packaging, and Agri businesses. 

The FMCG segment includes cigarettes, cigars, and other like stationery and education merchandise, health and personal care items,

including Agarbattis and safety matches, and packaged food businesses with branded packaging that includes staples, snacks, meals dairy and drinks biscuits and cakes, chocolates, coffee, and confectionery. 

The agri-business segment comprises Agri products like rice, wheat spices, soya, coffee, and leaf tobacco. 

The Hotel segment comprises more than 120 properties operating under six distinct companies: 

ITC Hotels in the high-end segment Mementos for the premium lifestyle sector, Welcomhotel and Storii in the premium segment, Fortune in the mid-market to high-end segment, and WelcomHeritage in the heritage and leisure segment.

Fundamental Analysis of ITC Ltd

Market Cap₹ 5,03,407 Cr.
Current Price₹ 402.75
52-wk High₹ 499.70
52-wk Low₹ 369.65
Stock P/E24.52
Book Value₹ 55.4
Dividend3.16 %
ROCE39.0 %
ROE29.1 %
Face Value₹ 1.00
P/B Value7.28
OPM37.2 %
EPS₹ 16.5
Debt₹ 284 Cr.
Debt to Equity0.00

ITC Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 480₹ 515
2025₹ 525₹ 558
2026₹ 600₹ 612
2027₹ 625₹ 648
2028₹ 680₹ 720
2029₹ 728₹ 750
2030₹ 755₹ 790
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ITC Ltd Shareholding Pattern

FII Holding
Dec 202242.99%
Mar 202343.35%
June 202343.62%
Sept 202343.34%
Dec 202343.26%
DII Holding
Dec 202242.19%
Mar 202342.08%
June 202341.92%
Sept 202341.94%
Dec 202341.98%
Govt. Holding
Dec 20220.04%
Mar 20230.04%
June 20230.04%
Sept 20230.04%
Dec 20230.04%
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Public Holding
Dec 202214.78%
Mar 202314.52%
June 202314.41%
Sept 202314.68%
Dec 202314.71%

ITC Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 48,340 Cr
2020₹ 49,388 Cr
2021₹ 49,257 Cr
2022₹ 60,645 Cr
2023₹ 70,593 Cr

Last 5 Years’ Net Profit:

2019₹ 12,836 Cr
2020₹ 15,593 Cr
2021₹ 13,383Cr
2022₹ 15,503 Cr
2023₹ 20,803 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:10%
5 Years:12%
3 Years:7%
Current Year:12%

Last 10 years’ Return on Equity (ROE):

10 Years:25%
5 Years:25%
3 Years:25%
Last Year:29%

Sales Growth Over 10 Years:

10 Years:8%
5 Years:10%
3 Years:13%
Current Year:1%

Conclusion

This article is a complete guide about ITC Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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