{"id":99041,"date":"2023-04-04T12:10:00","date_gmt":"2023-04-04T06:40:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=99041"},"modified":"2023-04-04T12:05:48","modified_gmt":"2023-04-04T06:35:48","slug":"blue-chip-stock-gets-a-buy-call-after-company-plans-investments-to-accelerate-growth","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/blue-chip-stock-gets-a-buy-call-after-company-plans-investments-to-accelerate-growth\/","title":{"rendered":"Blue chip stock gets a BUY call after company plans investments to accelerate growth"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3640932047\"><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>ITC Ltd shares opened its trading hour yesterday at Rs 384 and closed at a price of Rs 379.20. The stock traded in red with a downfall of 1.1 percent in comparison to the previous closing price of Rs 383.50.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1860320418\"><!-- 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>Last month, chairman and managing director of the ITC Group Mr. Sanjiv Puri said the company will accelerate investments, which were on a slowdown during the pandemic period, with a corpus of approximately Rs 3,000 crores annually for the next few years primarily for building the manufacturing capacities and accelerating growth.&nbsp;<\/p><p><strong>Motilal Oswal came up with a \u2018Buy\u2019 recommendation on ITC with a target price of Rs 450 which is an upside of around 18.6 percent compared to the current price levels.&nbsp;<\/strong><\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ITC\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">ITC Ltd<\/a><\/strong> is one of India&#8217;s foremost private sector companies and a diversified conglomerate with businesses tapping sectors such as Fast Moving Consumer Goods, Hotels, Paperboards and Packaging, Agri Business, and Information Technology.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-2886066731\"><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>The company is India&#8217;s leading FMCG marketer and a clear market leader in the Indian Paperboard and Packaging industry. It is a globally acknowledged pioneer in farmer empowerment through its wide-reaching Agri Business.&nbsp;<\/p><p>The revenues and net profits of the company have improved on a QoQ basis with revenues moving from Rs 18,608 crores in Q2 to Rs 19,021 crores in Q3 and net profits shifting from Rs 4,670 crores in Q2 to Rs 5,070 crores in Q3.&nbsp;<\/p><p>Having a look at the profitability ratios of the company, the basic ones such as the ROE and ROCE figures have also represented an upward pattern in the recent financial year. The ROE figures moved from 21.96 percent in FY20-21 to 25.89 percent in FY21-22. Moreover, the ROCE figures shifted from 28.65 percent in FY20-21 to 33.87 percent in FY21-22.&nbsp;<\/p><p>As of the quarter ending December 2022, promoters don&#8217;t hold any stake in the company whereas the FIIs have shown faith and increased their stake with the most recent shift being from 42.68 percent in Q2 to 42.99 percent in Q3.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/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-1072721540\"><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>ITC Ltd shares opened its trading hour yesterday at Rs 384 and closed at a price of Rs 379.20. The stock traded in red with a downfall of 1.1 percent in comparison to the previous closing price of Rs 383.50.&nbsp; Last month, chairman and managing director of the ITC Group Mr. Sanjiv Puri said the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28544,"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":[3630,3629,3908,6219,8101,8102,1712,3236,3152,8100,5547,8103,4163,5427,5924,4042,4043,948,936,3153,3157,2597],"class_list":["post-99041","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-business","tag-itc-future","tag-itc-share","tag-itc-share-price","tag-itc-targets","tag-itc-targets-2023","tag-large-cap-stock-to-buy","tag-large-cap-stock-to-watch-in-2023","tag-large-cap-stocks","tag-large-cap-stocks-2023","tag-large-cap-stocks-with-targets","tag-nifty-50-stocks","tag-nifty-50-stocks-list","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) - 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