BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura Maintains Reduce on ITC
Nomura has maintained its 'reduce' rating on ITC for target price of Rs 290 per share. Nomura says cigarettes will continue to drive profits and growth rate over next 5 years will see a substantial decline. Nomura expects ITC as a sector underperformer and adds that cigarette business continues to face regulatory risks.