BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura Downgrades ITC to reduce from Neutral
Nomura has downgraded ITC to 'reduce' from 'neutral' with target price of Rs 290 per share. Nomura says that it expects company to grow at a slower pace and also says that risks are there to the slow growth trajectory as well. It says that the stock trades at a 30 per cent discount to the average of sector and going ahead downside risks to cigarette business growth are increasing.