{"id":95558,"date":"2023-03-16T14:40:00","date_gmt":"2023-03-16T09:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=95558"},"modified":"2023-03-16T14:34:39","modified_gmt":"2023-03-16T09:04:39","slug":"dividend-paying-stock-delivers-56-in-one-year-analysts-see-more-upside-of-21","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/dividend-paying-stock-delivers-56-in-one-year-analysts-see-more-upside-of-21\/","title":{"rendered":"Dividend paying stock delivers 56% in one year; Analysts see more upside of 21%\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2087317353\"><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 tobacco giant ITC has been one of the most loved stocks by Indian investors lately. In the last 12 months, the stock of cigarettes to flour maker has surged a whopping 56%. While during the same period, the benchmark NIFTY 50 index trades almost flat at the present 16,930 level.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2459751181\"><!-- 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>Headquartered in Kolkata, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ITC\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">ITC Ltd.<\/a><\/strong> is a large-cap company with a market value of Rs 4,70,000 crore. It has a diversified presence in multiple sectors such as tobacco products, kitchen staples, FMCG, hospitality, paper, IT services, and more. It has a strong portfolio of brands including Aashirvaad, Classmate, Engage, Sunfeast, and Gold Flake.\u00a0<\/p><p>In addition to generating capital gains, ITC is also a dividend stock. As of 13:20 IST, the shares of this blue-chip stock were trading at Rs 379 apiece. At the current price point, the dividend yield of the stock is 3.04%. In the last two financial years, FY22 and FY21, the dividend payout ratio of ITC has been 93% and 101% respectively.&nbsp;<\/p><p>Talking about the quarter results, for the three-month period ending December 2022, it reported consolidated sales of Rs 17,705 crore, an increase of 3.5% from Rs 17,108 crore during the same period last year. Its net profit grew at a much sharper rate, up by 23% to Rs 5,080 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1251677402\"><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>Over the last five years, the management, led by Mr Sanjay Puri has put in consistent efforts to diversify the company away from its tobacco business. ITC\u2019s tobacco segment brings more than 40% of the total revenue for the company. The balance comes from other divisions such as FMCG, paper, and hotels.&nbsp;<\/p><p>Despite the recent rally, the brokerages are optimistic about the future prospects. Multiple firms have provided price targets for the stock.&nbsp;<\/p><p><strong>Among them, the analysts at the domestic brokerage firm Axis Securities have put a \u2018buy\u2019 rating on the stock with a target price of Rs 460. This translates to an impressive 21% upside for the investors.&nbsp;<\/strong><\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Vikalp Mishra&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\">Disclaimer<\/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-1826381426\"><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 tobacco giant ITC has been one of the most loved stocks by Indian investors lately. In the last 12 months, the stock of cigarettes to flour maker has surged a whopping 56%. While during the same period, the benchmark NIFTY 50 index trades almost flat at the present 16,930 level.&nbsp; Headquartered in Kolkata, ITC [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24849,"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":[31,1789],"tags":[3630,3629,3908,6219,6217,7469,1712,3236,3237,3152,948,936,3153,3157,2597],"class_list":["post-95558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-best-fmcg-stock","tag-fmcg-stock","tag-fmcg-stock-to-buy","tag-fmcg-stock-to-buy-now","tag-itc-latest-news","tag-itc-returns-in-6-months","tag-itc-share","tag-itc-share-price","tag-itc-shares","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>Dividend paying stock delivers 56% in one year; Analysts see more upside of 21%\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Headquartered in Kolkata, It is a large-cap company with a market value of Rs 4,70,000 crore. 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