ITC share price: Edelweiss Wealth sees 80% upside in long term (2024)

FAQs

Is ITC share good for long term? ›

Once considered a defensive bet, ITC stock has gained 7.45% in a month and gained 22.16% in 2023. With the current rally, the stock looks overvalued with a PE ratio of 27.32 against the PE of 15.64 for the industry.

View 40 reports from 13 analysts offering long term price targets for ITC Ltd.. ITC Ltd. has an average target of 424.38. The consensus estimate represents an upside of 1.08% from the last price of 419.85.

ITC share value in 2025 is expected to steadily increase in the price when compared to 2024. The share prices is expected to range in between at 511.11- 790 rupees.

Yes. The ITC stock price can go up from 429.000 INR to 496.162 INR in one year.

In 2030, with our research and forecast system, the minimum share price will be Rs 1355.50 to Rs 1410.30. And at the end of the year, the maximum price of the ITC Limited share can reach Rs 1555.50 to Rs 1685.30.

The intrinsic value of one ITC stock under the Base Case scenario is 257.15 INR. Compared to the current market price of 429.8 INR, ITC Ltd is Overvalued by 40%.

Demand revival for the company's products, strong recent volume growth, and superior execution capabilities has been cited as reasons for growth of the ITC share price by the firm.

“We maintain our Buy rating on the ITC stock as a result of (a) better earnings visibility over peers in the next few quarters, (b) inexpensive valuations; and (c) attractive dividend yield,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

It has set a price target of Rs 475 on ITC.

Will ITC give bonus shares in 2023? ›

The company will pay out dividend between March 3 to 5. "Dividend will be paid between Friday, 3rd March, 2023 and Sunday, S'h March, 2023 to those Members entitled," the company's filing said.

Consumer Defensive stocks do not always pay a dividend but as ITC Ltd pays dividends to reward its shareholders. In the quarter ending June 2023, ITC Ltd has declared dividend of ₹6.75 - translating a dividend yield of 5.12%.

The ITC share target price for 2030 is approximately 1500, and experts predict that the company will experience significant growth in the coming years.

Lucrative financial valuations

While ITC's share prices have jumped considerably, experts believe they are still undervalued and will continue to grow. While the average Price-Earnings (PE) Ratio of the sector is 31.6, the company's ratio is 26.1 meaning there's room for further growth.

Corporate actions: Split history for ITC Ltd.

ITC Ltd. has split the face value 1 time since Sept. 21, 2005. ITC Ltd. had last split the face value of its shares from Rs 10 to Rs 1 in 2016.

Conversation. Anyone who had bought 3333 shares ITC IPO in 1970 at Rs. 3 for a total investment of Rs. 9999, would now have 11,51,460 shares.

Bonus shares: In last twenty years, ITC shares have thrice traded ex-bonus in 2005, 20010 and 2016. Bonus shares: ITC shares are one of the dividend paying stocks listed on Dalal Street. However, the stock has history of rewarding its long term investors through issuance of bonus shares as well.

PE Ratio of ITC drastically fell by -98.78 % this year. PE Ratio with value of 28.86 was highest in Year Mar-19 in last Five Years. PE Ratio with value of 0.247 was lowest in Year Mar-23 in last Five Years. Latest PE Ratio with value of 0.247 is lower than Average PE of 16.71 in last five years.

Who are the largest shareholders of ITC? ›

Profit topped the ₹4,659.3 crore estimate in a Bloomberg survey of 16 analysts. Revenue from operations grew 2.7% to ₹17,265.48 crore from ₹16,806.89 crore a year earlier.

Shares of cigarette companies such as ITC, Godfrey Phillips and VST Industries took a beating, falling up to 8 per cent in Wednesday's trade after the Finance Minister Nirmala Sitharaman hiked calamity duty on cigarettes and tobacco products by 16 per cent.

In 1925, ITC had set up a printing and packaging business as an aid to its cigarette business. Now, apart from making cigarette boxes, ITC also works with brands such as Nokia, Colgate Palmolive, Tata Tea, and others for packaging. Today ITC is India's most sophisticated packaging house.

ITC believes that its core values of trusteeship, customer focus, respect for people, excellence, innovation and nation orientation have been the guiding principles behind the Company's phenomenal growth, helping it to become one of India's most admired and valued enterprises.

ITC has created over 6 million sustainable livelihoods. Nearly 42% of the total energy consumed in ITC is from renewable sources. ITC's premium luxury hotels have the unique distinction of being LEED Platinum certified.

Sanjiv Puri's 'ITC Next' strategy pivots around a multi-pronged approach to revitalize the company's current FMCG portfolio by fortifying and scaling up its proven megabrands, leveraging adjacencies through horizontal brand extensions, and nurturing new platforms with innovative products that will scale up to be ...

Target Audience of ITC

ITC has a wide range of products that target people from 5-60 years old. Products from Candyman, Mint-O to Aashirvaad are available here. ITC's marketing strategy changes depending on the business sector – with ITC Infotech in IT and ITC Hotels in hospitality.

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"The Board at the meeting fixed Tuesday, 30th May, 2023 as the Record Date for the purpose of determining entitlement of the Members for payment of Dividend," the company statement said.

What is the last dividend of ITC? ›

ITC announced a final dividend of Rs 6.75 per share and a special dividend of Rs 2.75 per share for the financial year ended March 31, 2023. The company had previously announced a dividend of Rs 6 per share on February 15. The total dividend payout for FY23 stands at Rs 15.50 per equity share.

Vedanta Ltd.

For the year ending March 2023 Vedanta has declared an equity dividend of 10150.00% amounting to Rs 101.5 per share. At the current share price of Rs 295.80 this results in a dividend yield of 34.31%.

Most of the blue chip companies are the market leaders in their industry. A few of the common examples of blue chip companies in India are HDFC Bank, HUL, ITC, Asian Paints, Maruti, etc.

TATA Power Share Price Target 2040

Minimum Share Price will be ₹1594.67 and maximum share price will be ₹1620.467. TATA Power Share price target will be ₹1607.569 for the year 2040.

Tata Power share price is expected to reach maximum of Rs. 1000 by December 2025, while minimum being Rs.

Yes, we have a strong buy on ITC. It is at a 52-week-high and last year also, in the Nifty, ITC was among the best performing stocks and we expect that to recur this year also. In fact, at our model consumer portfolio, we have a 30% weightage on ITC, which is the highest along with Godrej Consumer.

Compared to the current market price of 423.95 INR, ITC Ltd is Overvalued by 39%. What is intrinsic value? The Intrinsic Value (260.51 INR) of ITC stock is 39% less than its price (423.95 INR).

Input credit means at the time of paying tax on output, you can reduce the tax you have already paid on inputs and pay the balance amount. Here's how: When you buy a product/service from a registered dealer you pay taxes on the purchase. On selling, you collect the tax.

Is ITC going to give bonus shares? ›

However, the stock has history of rewarding its long term investors through issuance of bonus shares as well. In last 20 years, ITC has announced bonus shares on three occasions, turning ₹1 lakh of a long term investor into ₹1.23 crore in last two decades time.

ITC Dividend 2023 Record Date

ITC on Thursday announced a final dividend of 675 per cent and special dividend of 275 per cent for its investors. ITC's final dividend of 675 per cent translates into Rs 6.75 per share and 275 per cent special dividend translates into Rs 2.75.

Some of the most well-known brands in India, such as Aashirvaad, Bingo, Fiama, Classmate, Candyman, Gold Flake, and Homelite, are all part of the ITC Group. This company was founded in 1910 and has managed to remain debt-free despite heavy investment across the industries.

ITC cannot be availed on goods/service received by non-resident taxable person except; Only Goods imported by him. NOTE: – ITC is admissible only in respect of supplies taken for business purposes. Thus supplies received for personal purposes are blocked.

ITC boasts over 200 manufacturing facilities in India and a distribution network covering over 7 million retail outlets across various trade channels. Its product range includes more than 25 brands spanning various categories.