ITC500875Fmcg, cigarettes
Citi upgraded ITC stock with a target price of 300 rupees, citing attractive valuations after sharp underperformance
- Target price
- 300 rupees
- Stock decline
- 35%
- Consensus EPS cut
- 21 to 23%
Heard on business television between 15:19:52 - 15:22:52 IST.
- Citi upgraded ITC saying negatives are priced in after prolonged underperformance and correction
- Target price set at 300 rupees; risk reward seen as compelling
- Citi said 75% of price hikes due to taxes have been passed on to consumers, calibrated pricing to support cigarette profitability
- Near-term risk flagged: volumes could be hit and illicit/contraband trade could take market share
- Consensus EPS cuts between 21-23% and stock down over 35%, giving margin of safety per Citi
- Stock seen at near nine-month low, last at such levels since June 2017
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Source: Live TV News Channel · 5 Oct 2026
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