ITC Share Price: Company’s profits increased by 4 times, Goldman Sachs and HSBC increased the target with the purchase rating – ITC Share Price Company Comfit Increased 4 Times Goldman Sachs and HSBC RASBC RASBC RASBC RASBC REASED TARGET WITH BUY RETING

ITC Share Price: FMCG sector veteran ITC (ITC) got mixed performance in Q4. In the fourth quarter, profits were boosted from an academic gain of Rs 15,200 crore. Revenue looked better than expected. Cigarette volume was also estimated at 5%. But the margin was disappointed with about 3 and a half percent. The company had a lump sum of 15,179 crore in Q4. Profit increased by 4 times this outright income of Rs 15,179 crore. ITC hotel disorder came out lump sum. HSBC and Goldman Sachs have given shopping opinion on this stock. CLSA has given outperform rating.

Today, this stock was seen trading at a level of 1.30 percent at 9.20 pm in the early hours of the market or Rs 5.35 to Rs 431.55.

Goldman Sachs has given the opinion of shopping on ITC. Its target has been fixed at Rs 490. He says that the company’s cigarette business continues to strengthen. Expensive tobacco saw a decrease in cigarette margin. The expensive palm saw an impact on the FMCG margin.

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HSBC said in its report on ITC that on an annual basis, the company witnessed 6% stable revenue growth due to increasing volume in cigarettes. The company’s Q4 results were according to estimates. Its FMCG margin has improved. The current valuations of ITC are looking attractive due to the tax being stable. At the same time, the brokerage firm has adopted a bullish view on the stock and has given the opinion of shopping on it. Its target has been fixed at Rs 510.

The CLSA has given outparforption on stock. Its target has been fixed at Rs 496. He says that on an annual basis, the company’s revenue growth was 9%, which was 3% higher than the estimate. The increase in volume saw 6% growth in cigarette business.

MK Global has retained the ‘Add’ rating on ITC. Brokerage increased its target price to Rs 475. With the hope that the government will take a generous stance on taxation. Which will help in registering an increase of mid-single digit in cigarette sales.

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