ICICI Securities gives an add rating to ITC, target price Rs 220.

 

ICICI Securities has given an add rating to ITC with a target price of RS 220. The share price moved down by 0.47% from its previous close of RS 191.25. The stock's last traded price is Rs 190.35.

ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 233429.47 crore) operating in the Tobacco sector.

ITC Ltd., key Products/Revenue Segments include Packaged Food Item which contributed Rs 9668.71 crore to sales value (21.11% of Total Sales), Agricultural products which contributed Rs 4345.84 crore to sales value (9.49% of Total Sales), Paper & Paper boards which contributed Rs 3718.79 crore to sales value (8.12% of Total Sales), Others which contributed Rs 2819.13 crore to sales value (6.15% of Total Sales), Tobacco Unmanufactured which contributed Rs 1721.15 crore to sales value (3.75% of Total Sales), Service (Hotel) which contributed Rs 1648.20 crore to sales value (3.59% of Total Sales), Printed Materials which contributed Rs 586.64 crore to sales value (1.28% of Total Sales), OtherOperating Revenue which contributed Rs 562.98 crore to sales value (1.22% of Total Sales) for the year ending 31-Mar-2019.

Financials

For the quarter ended 30-06-2020, the company reported a consolidated sales of Rs 9722.04 crore, down 16.75% from last quarter sales of Rs 11677.97 crore and down -22.42% from last year same quarter sales of Rs 12532.31 crore. The company reported net profit after tax of Rs 2567.07 crore in the latest quarter.

Promotors/FIIs Holdings

Promotors held a 32.7% stake in the company as of June 30, 2020, while FIIs held 14.6%, DIIs 42% and public, and others 43.4%.