ITC Share Price Target: Buy, sell or hold? What brokerages suggest after Q1 results of FMCG giant

ITC Share Price Target: The company has reported a marginal decline in consolidated net profit to Rs 5,176.99 crore. The company had posted a consolidated net profit of Rs 5,189.61 crore in the April-June period of the previous fiscal.

ITC Share Price Target: ITC's revenue from operation in the June quarter was up 7.45 per cent to Rs 20,029.60 crore. It was at Rs 18,639.48 crore in the corresponding quarter previous fiscal.

ITC Share Price Target: After the FMCG giant announced its quarterly results, some brokerage houses have raised the targets.

ITC Share Price Target: Brokerage firm Jefferies has maintained 'BUY' with a target of Rs 585.

ITC Share Price Target: Brokerage firm JP Morgan has maintained 'OVERWEIGHT' with a target of Rs 535.

ITC Share Price Target: Brokerage firm Morgan Stanley too has maintained 'OVERWEIGHT' but raised the target to Rs  546 from Rs 506.

ITC Share Price Target: Brokerage firm CLSA has maintained "OUTPERFORM' but has raised the target to Rs  524 from Rs 470.

ITC Share Price Target: Macquarie has maintained 'OUTPERFORM' with a target of Rs 560.

ITC Share Price Target:  Meanwhile, the shares of ITC opened in red on Friday, a day after the company announced its quarterly results. The counter opened at Rs 482.40 against the previous close of Rs 493.75 on the BSE.

ITC Share Price Target: The stock has given a positive return of 6.98 per cent in one year and 58.91 per cent in two years. The counter has surged 137 per cent return in three years.

ITC Share Price Target: The advice to invest in stocks here has been given by brokerages. These are not the views of Zee Business. Consult your advisor before investing.