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HomeSHARE MARKETRs 17,659.72 Crore Deal; 2414% Bumper Return; Planning To Sell Up To...

Rs 17,659.72 Crore Deal; 2414% Bumper Return; Planning To Sell Up To 3.5% Stake

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ITC Ltd (NSE: ITC) Share Price Today: After the news of ITC planning to sell its stake in the cigarette to a flour manufacturing company, there is a race to buy its shares today. 

As soon as the market opened, it opened more than 6 percent higher at Rs 435 and within no time it reached Rs 438. Around 3.25 pm it was trading at Rs 421.90, up 4.31 percent.

Let us tell you that British multinational BAT PLC said on Tuesday that it is planning to sell up to a 3.5 percent stake in India’s ITC Limited to institutional investors through a wholesale deal. 

Based on the closing price of Tuesday at about 404.25 per share. The total worth of ITC shares to be offered for sale by BAT will be around 17659.72 crore.

Poor Performance Of ITC So Far This Year

ITC’s performance so far this year has not been very good. It has incurred a loss of 8.82 percent during this period. 

However, in the last year, it has also given positive returns of more than 11 percent. However, since inception till now it has given a multibagger return of 2414%. Its 52-week high is Rs 499.70 and low is Rs 369.65.

British American Tobacco Plc, the largest shareholder, stated in its announcement that its 100%-owned subsidiary Tobacco Manufacturers (India) Ltd (TMI) will sell 43,68,514,457 ordinary shares of ITC Ltd (ITC) to institutional investors.

BAT has a wide range of consumer goods. Its portfolio of strategic products includes global tobacco brands as well as a growing variety of smokeless and nicotine products.

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 stationery and education merchandise, as personal care items.

It includes 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₹ 5,32,959 Cr.
Current Price₹ 421.90
52-wk High₹ 500 
52-wk Low₹ 370
Stock P/E26.1
Book Value₹ 55.4
Dividend3.05 %
ROCE39.0 %
ROE29.1 %
Face Value₹ 1.00
P/B Value7.73
OPM37.2 %
EPS₹ 16.5
Debt₹ 284 Cr.
Debt to Equity0.00

ITC Ltd 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 better understand 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₹ 13,383 Cr
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. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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