Amol Takawale's Stock Idea
Amol Takawale is Bullish on ITC Ltd.
Idea Submitted on 20Apr,2022
  • 22 Total Ideas
  • 3 Active Ideas
  • 19 Closed Ideas
  • 0 Friends
  • 2 Followers
  • Avg. Returns
     15.9%
    Rank
    13
    Success Rate
      50%
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      Buy ITC Idea
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      Idea Status :  Active
    Idea is Open
     Time Frame
    6months
     Start Price
    259.5
     Target Price
    500
     Stop Loss
    200
     Projected Gain
    240.5 (92.68% Upside)
     Live Returns
    6.2     2.39%
     Analysis
    Buy ITC FOR 500 rs target with stoploss of 200. Timeframe 6 months. ITC will declare bonus now, buy as soon as fast. This quarter will give 1:1 bonus. After years of underperformance, ITC stock has finally started beating market Rerating Candidate.  all segments are doing well for ITC. He said the paperboard division has come back strongly, the hotel business has seen strong bookings of late and that a high margin mainstay cigarette business looks set to report a 10-12 per cent growth in March quarter."The biggest proof is the March quarter where FPIs increased their stake by 200 bps to 11.99 per cent from 9.9 per cent," With pandemic-related restrictions now largely lifted and out-of-home consumption having taken off, the cigarette industry is positioned to recover, ITC’s agri business could benefit from wheat exportsNo tax hike for second year in a rowHotels, stationery biz set to see revival in FY23ITC paperboard: New technologies to enhance margin
     Stock Price Movement (EOD Basis)
     C.M.P ITC
    265.7
    Sentimeter
    Buy Calls: 38 Sell Calls: 5
    0
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    ITC
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