BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Nomura maintains buy on ITC
Nomura has maintained buy on ITC and sees strong earnings revival. It says that the last couple of years have been quite tough for ITC, with the general consumer demand being on a downward trajectory and then demonetisation derailing growth for a couple of quarters. Nomura believes that most of these factors are now out of the way and a strong earnings revival is likely. Nomura has raised target price of ITC to Rs 389 and sees GST as a key positive catalyst for ITC.