Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
299.65
Change Change %
-3.60 -1.19%

Updated:19 Sep, 2018, 15:59 PM IST

BSE
299.65
Change Change %
-2.95 -0.97%

Updated:19 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Edelweiss
N/A
18-07-2017 Hold 287.60 325.00
N/A
Target Hit Long (1Y)
18-07-2018

Edelweiss downgrades ITC to hold

Edelweiss has downgraded ITC to hold for a target price of Rs 325. It says in a negative surprise, the GST Council on Monday stepped in to check the windfall being reaped by cigarette manufacturers and increased effective tax under GST by 10-11% which will result in MRP increase of 8-9%. Edelweiss added that with 6% hike in the Budget 2017-18 amounts to 16-17% total hike in taxes for FY18.

Top