Highlights

  • Brokerage giants Goldman Sachs and Morgan Stanley after ITC's second quarter results
  • Nomura and Citi are jumping on board too - with targets of 555 and 560 rupees

Latest news

Global stocks struggle amid inflation, economic fears: December 19, 2024 analysis

Global stocks struggle amid inflation, economic fears: December 19, 2024 analysis

Union Home Minister Amit Shah reviews J&K security situation

Union Home Minister Amit Shah reviews J&K security situation

Mysterious 'dinga dinga' illness causing body shaking affects 300 in Uganda

Mysterious 'dinga dinga' illness causing body shaking affects 300 in Uganda

Putin ready to meet Trump 'anytime' to talk Ukraine deal

Putin ready to meet Trump 'anytime' to talk Ukraine deal

India to play Champions Trophy matches at neutral venue: ICC

India to play Champions Trophy matches at neutral venue: ICC

India's electric vehicle market to reach Rs 20 lakh crore by 2030, says Nitin Gadkari

India's electric vehicle market to reach Rs 20 lakh crore by 2030, says Nitin Gadkari

BJP MPs admitted in RML Hospital ICU with head injuries after scuffle with opposition

BJP MPs admitted in RML Hospital ICU with head injuries after scuffle with opposition

Ravichandran Ashwin's fun time with support staff reminisced by BCCI | Watch

Ravichandran Ashwin's fun time with support staff reminisced by BCCI | Watch

ITC Gets A Thumbs Up From Big Brokerages After Q2 Results

While the FMCG biggie’s profits missed expectations, revenues came in stronger than anticipated

ITC Gets A Thumbs Up From Big Brokerages After Q2 Results

Buy ITC shares.

That's the call from brokerage giants Goldman Sachs and Morgan Stanley after ITC's second quarter results.

While the FMCG biggie’s profits missed expectations, revenues came in stronger than anticipated.

So, Goldman Sachs is betting big on the company now - maintaining their 'buy' rating and raising their target to 525 rupees.

Morgan Stanley's even more bullish at 554 rupees, keeping their 'overweight' rating.

Nomura and Citi are jumping on board too - with targets of 555 and 560 rupees.

That's a potential 20% jump from current levels around 480.

And the clincher - 34 out of 39 analysts tracking ITC recommend buying the stock, says a CNBC-TV18 report.

Share the story with those who you think can use this information. And hit the subscribe button for more such updates.

ADVERTISEMENT

Up Next

ITC Gets A Thumbs Up From Big Brokerages After Q2 Results

ITC Gets A Thumbs Up From Big Brokerages After Q2 Results

India's electric vehicle market to reach Rs 20 lakh crore by 2030, says Nitin Gadkari

India's electric vehicle market to reach Rs 20 lakh crore by 2030, says Nitin Gadkari

Mallya Calls for Justice Over Excess Debt Recovery and Legal Inconsistencies

Mallya Calls for Justice Over Excess Debt Recovery and Legal Inconsistencies

UK PM Keir Starmer hosts Indian business chiefs to boost investments

UK PM Keir Starmer hosts Indian business chiefs to boost investments

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

New Zealand falls into recession with abrupt economic slowdown

New Zealand falls into recession with abrupt economic slowdown

ADVERTISEMENT

editorji-whatsApp

More videos

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.