BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Morgan Stanley maintains overweight on ITC
ITC is the top pick in Morgan Stanley's coverage list. Cigarette volumes to drive re-rating. Overall cigarette tax increase for FY2017 seems manageable. If ITC delivers positive volume growth then stock will re-rate.