ITC Share Price
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ITCs cigarette division posted a strong outperformance versus peers during the year indicating market share gains.
ITC share price. ITCs March-quarter results while strong on top-line aided by the. So far this year ITCs share price has traded flat hovering around Rs 212 levels. However fresh restrictions in urban and rural markets may delay cigarette.
Sharekhan says BUY pegs target at Rs 265 ITC registered mixed performance in Q4FY2021 with revenue growing by 24 boosted by 79 growth in agri-business while OPM was down by 486 bps to 316 due to change in revenue mix and lower profitability in the hotel business. All segments of ITC saw strong on-year growth in revenue during the January-March quarter except hotels. ITCs revenues rise across businesses on low base effect but Covid poses near-term challenges.
The stock is likely to be under pressure in the absence of a trigger even as growth potential remains strong. ITC share price.
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