25-05-2025
Jefferies Remains a Buy on ITC Limited (ITC)
Jefferies analyst Vivek Maheshwari maintained a Buy rating on ITC Limited (ITC – Research Report) on May 23 and set a price target of INR535.00. The company's shares closed last Friday at INR436.30.
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According to TipRanks, Maheshwari is ranked #5423 out of 9536 analysts.
Currently, the analyst consensus on ITC Limited is a Strong Buy with an average price target of INR497.00, representing a 13.91% upside. In a report released on May 23, Investec also maintained a Buy rating on the stock with a INR493.00 price target.
Based on ITC Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR184.57 billion and a net profit of INR50.92 billion. In comparison, last year the company earned a revenue of INR170.33 billion and had a net profit of INR51.05 billion
