BUY ITC Share, ITC Share Price NSE, ITC Share Price Target 2022: ITC share price gained more than 1 per cent on Friday amid a strong rebound in the domestic equity markets. While Sensex jumped 1,087 points in early trade, helped by heavy buying in IT counters and a rally in global stock markets, Nifty50 reclaimed 17300.

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ITC Share Price Target NSE

 

At 11:30 AM, ITC stock was up by over 1 per cent to trade at Rs 332 on the NSE and BSE. The uptrend in the FMCG-cigarettes-hotel major came as global brokerage CLSA raised the target price. The firm sees an upside move of around 7.5 per cent in the stock from the current level.

Domestic brokerage Motilal Oswal has also picked ITC among its best consumer space. It has given buy rating on ITC with a price target of Rs 370.

Earlier on Wednesday, ITC Limited informed the exchanges about the incorporation of a new step-down subsidiary. As per the regulatory filing, the company has incorporated a wholly-owned subsidiary in Brazil under the name of ITC Infotech Do Brasil LTDA.

 

ITC Q2 Results Date

 

The Kolkata headquartered company is set to declare its second quarter results on October 20. In the first quarter, ITC reported a profit of Rs 4,169 crore, rising 38.3% from Rs 3013.5 crore it had reported in the same quarter in the last fiscal.

 

ITC Share Price History

 

ITC stock has delivered a whopping return of more than 50% to investors in 2022 so far. On January 2, the first trading day of the year, ITC share price was Rs 219.10. ITC share price has since then added over Rs 129 apiece, resulting in wealth gains for investors.

With bulls charging ITC shares this year, the company's market cap crossed Rs 4 trillion on September 2 for the first time in 5 years. ITC market cap had last touched Rs 4 trillion in 2017. The 52-week range of ITC stock is Rs 349.55 - Rs 207.

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