Buy ITC for Target 260 : Big Brokerage Recommendation

ITC Ltd is one of India's foremost private sector companies. ITC has a diversified presence in Cigarettes Hotels Paperboard & Specialty Papers Packaging Agri -Business Packaged Foods & Confectionery Information Technology Branded Apparel Personal Care Stationery Safety Matches and other FMCG products.

Financials

For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 14687.80 Crore, down -1.57 % from last quarter Total Income of Rs 14921.76 Crore and up 37.28 % from last year same quarter Total Income of Rs 10699.20 Crore. Company has reported net profit after tax of Rs 3343.44 Crore in latest quarter. 

Promoter/FII Holdings

Promoters held 0 per cent stake in the company as of June 30, 2021, while FIIs held 11.7 per cent, DIIs 42.4 per cent and public and others 45.9 per cent.