ITC is engaged in the marketing of fast moving consumer goods (FMGC). The Company operates through four segments: FMCG; Hotels; Paperboards, Paper and Packaging, and Agri Business. The FMCG segment includes Cigarettes, such as cigarettes and cigars, and Others, such as branded packaged foods businesses Its brands include Aashirvaad, Sunfeast Dark Fantasy, Bingo!, Yumitos, YiPPee!, Candyman, GumOn, Classmate, Fiama Di Wills, Vivel, Superia, Engage, Wills Lifestyle, John Players, Mangaldeep and Aim, among others.

ITC-LIMITED-STOCK-DETAILS

SHORT TERM PERSPECTIVE

Company ITC Limited
Recommendation Accumulate (Rs.181.55)
CMP Rs. 181.55
Stop Loss (SL) Rs.172
Target Price Rs.200
Time Horizon 2-4 Weeks

ITC-LIMITED-STOCK-GRAPH

After a long correction, stock is reversing from pervious support level which is placed between 140-145 levels and this level also witness reversal in the past. As of now stock has completed downside target and trying to reverse from bottom. Therefore, continuous increasing in volume at lower level witnesses a reversal from the current levels. So, we are recommending to buy this stock at CMP (Rs. 181.55) with a stop loss of Rs. 172 (Closing Basis) for the target price of Rs. 200. Time frame should be 2-4 weeks.

Source: Capitaline Database, EWAL Research


DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

Elite Wealth Advisors Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more


For Daily Share Market Updates, Daily debt market review, Market Research Analysis reports, Weekly Techno-Funda Report, Fundamental Analysis Report, Monthly Recommended stock Picks, Equity Trading Tips, Upcoming IPO/NFO/Bonds/Ncd’s updates & other related information Subscribe our research plan