ITC Share Price Plunges After Market Opening, Check Target Price & Buy or Sell Recommendations

One of the most popular stock ITC Share Price is in the news. Today, the stock is showing downward momentum after the market opening. As of now the shares have slightly down from closing price. Should you buy or sell? Check recent news, target price and recommendations.

ITC Share Price in The Market Today

As of today, the ITC Share price is at Rs 415.90. That is 0.06% down already. The current UC limit is at Rs 457.75, and the LC limit is at Rs 374.55. The total market capitalization of the company stands around Rs 520,729 crores.

Company Financials

The Q4 Financial results for ITC have been published earlier. It shows a 9.78% growth in the total income of Rs 20376.36 crores. With 3.23% growth in operating profits of Rs 6108.36 crores, the operating margins improved by 2.81% to Rs 5074.76 crores. These figures are compared on a YoY basis.

Recent News

• The annual general meeting of ITC is scheduled on 25th July. This event is likely to get investor attention.
• ITC has acquired Sresta Natural Bioproducts for Rs 472.5 crores. This move will strengthen the company’s position in organic food markets.
• The company has announced a dividend of Rs 14.35 for each share you hold.

ITC Share Price Target

As expected, ITC Share has multiple target price predictions. S&P Global Market Intelligence suggests the ITC Share Price target to Rs 500.26 by the end of this year. On the other hand, Motilal Oswal suggests Rs 575, and FIGW suggests a range between Rs 498 to Rs 500.

Recommendation on Buy or Sell

According to the moneycontrol website, 62% of the analysts suggest buying. The remaining 3% suggest holding, not suggesting selling. On the other hand, Consensus analyst suggests buying these stocks.