Profit

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

NSE
272.90
Change Change %
0.95 0.35%

Updated:17 Jul, 2019, 15:59 PM IST

BSE
272.80
Change Change %
0.90 0.33%

Updated:17 Jul, 2019, 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.

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