[ad_1]
ITC share value at the moment BSE NSE document excessive: The inventory of the cigarettes-to-hotels conglomerate scaled a document excessive on Thursday, February 23. ITC shares gained by Rs 10.1 or 2.6 per cent on the strongest stage of the day to an all-time excessive of Rs 393.9 apiece on BSE.
The inventory of ITC — whose widespread cigarette manufacturers embrace Wills Navy Lower and Gold Flake — traded in big volumes. By round midday, as many as 7.9 lakh ITC shares modified fingers on BSE to this point on Thursday as in opposition to a every day common of three.5 lakh previously two weeks, because the cigarette producer’s inventory held inches to the document excessive, in response to change knowledge.
What brokerages suggest on ITC shares
Brokerages have lined up targets as excessive as Rs 460 for ITC.
| Brokerage | Score | Goal |
| KRChoksey | Purchase | Rs 442 |
| Geojit Monetary Companies | Maintain | Rs 400 |
| ICICI Securities | Add | Rs 420 |
| Axis Securities | Purchase | Rs 460 |
| Goldman Sachs | Purchase | Rs 450 |
| Citi | Purchase | Rs 425 |
ITC share value: Dividend announcement
ITC shares started buying and selling ex-dividend final week. The cigarette maker had introduced a dividend of Rs 6 per share with a document date of a document date of February 15.
The ITC dividend will probably be paid between March 3 and March 5.
ITC Q3 Outcomes
Earlier this month, ITC beat analysts’ estimates with a 21 per cent year-on-year bounce in web revenue to Rs 5,031 crore for the quarter ended December 2022, and a 2.9 per cent improve in income to Rs 17,122.2 crore.
In accordance with Zee Enterprise analysis, ITC’s web revenue for the three-month interval was pegged at Rs 4,699 crore and income at Rs 16,652 crore. Learn extra on ITC outcomes
ITC reported a 16.7 per cent improve in income from its cigarette unit to Rs 7,288.2 crore, Income from different FMCG merchandise grew 18.4 per cent to Rs 4,841.4 crore, and from motels expanded 50.5 per cent to Rs 712.4 crore.
A take a look at how a lot cash ITC generates from totally different segments together with cigarettes and different FMCG merchandise, and motels
Cigarette tax
Within the Union Price range 2023, the federal government proposed to extend sure taxes on cigarettes.
Catch newest inventory market updates right here. For all different information associated to enterprise, politics, tech, sports activities and auto, go to Zeebiz.com.
[ad_2]