{"id":51547,"date":"2022-07-04T14:35:00","date_gmt":"2022-07-04T09:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=51547"},"modified":"2022-07-04T14:26:34","modified_gmt":"2022-07-04T08:56:34","slug":"stock-to-watch-itc-reaches-new-52-week-high-analysts-expect-more-upside","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-to-watch-itc-reaches-new-52-week-high-analysts-expect-more-upside\/","title":{"rendered":"Stock to Watch: ITC reaches new 52-week high, analysts expect more upside"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3738908443\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of ITC Ltd reached its new 52-week high of Rs 290.50 in the early trading session of Monday. The stock closed at Rs 284.35 on Friday. In the last seven days, the stock has gained more than 7.13% while it has risen more than 32% so far this year (YTD).\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2448020526\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong>Analysts seem to be bullish on the stock moving forward. Motilal Oswal recently upgraded the stock to \u2018Buy\u2019 with a target price of \u20b9335 which represents an upside of 16% from the current levels.\u00a0<\/strong><\/p><p>&#8220;80%-plus of profits come from cigarettes and in the consumer sector this is one of the few stocks that is relatively well insulated from commodity cost inflation,&#8221; said Gautam Duggad, head of research &#8211; Institutional Equities at Motilal Oswal Financial Services.&nbsp;<\/p><p>&#8220;FY23 will be a good year for ITC. Cigarettes should do reasonably well and see double-digit profit growth. There is safety in ITC because it is less affected by commodity inflation. It should see 15% returns in a year,&#8221; said Abneesh Roy, executive director at Edelweiss Financial Services.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2881733009\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>ITC Limited is an Indian conglomerate company that has a diversified presence across industries such as FMCG, hotels, software, packaging, paperboards, specialty papers, and agribusiness.&nbsp;<\/p><p>Their FMCG business makes up to 73% of their total revenue, followed by their Agribusiness which makes up to 13%. ITC\u2019s Paperboards, Paper &amp; Packaging, and Hotels Business make up 10% and 4% respectively.&nbsp;<\/p><p>The company posted a 12% growth in net profit to \u20b94,195 crores in the Q4FY22, compared with \u20b93,755 crores a year-ago period. Its net profit grew by 12% to \u20b94,195 crores compared with \u20b93,755 crores a year ago.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By &#8211; Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2445917089\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of ITC Ltd reached its new 52-week high of Rs 290.50 in the early trading session of Monday. The stock closed at Rs 284.35 on Friday. In the last seven days, the stock has gained more than 7.13% while it has risen more than 32% so far this year (YTD).\u00a0 Analysts seem to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":21080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[1712,3236,3152,948,936,3153,3157,2597],"class_list":["post-51547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-itc-share","tag-itc-share-price","tag-itc-targets","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock to Watch: ITC reaches new 52-week high, analysts expect more upside - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stock-to-watch-itc-reaches-new-52-week-high-analysts-expect-more-upside\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock to Watch: ITC reaches new 52-week high, analysts expect more upside\" \/>\n<meta property=\"og:description\" content=\"The shares of ITC Ltd reached its new 52-week high of Rs 290.50 in the early trading session of Monday. The stock closed at Rs 284.35 on Friday. 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