ITC Ltd (BOM:500875)

QUOTE AND NEWS
Reuters  Jun 26  Comment 
Reuters Market Eye - Shares in ITC ltd have turned positive and are trading higher after Morgan Stanley upgraded the stock to "overweight" from "equal-weight" and increased the price target to 400 rupees from 360 rupees.
The Economic Times  Jun 23  Comment 
ITC Ltd fell over 4% on reports that the government may raise taxes on cigarettes aggressively in the upcoming budget in July, dealers said.
The Economic Times  Jun 11  Comment 
ITC Ltd is a 'SELL' call with a target of Rs 320 and a stop loss of Rs 336.25.
The Hindu Business Line  May 23  Comment 
ITC Ltd on Friday reported a little over 18 per cent rise in net profit to approximately ₹2,278 crore during the January-March 2014 quarter, against the corresponding period in the previous year.
The Hindu Business Line  May 23  Comment 
The Economic Times  May 16  Comment 
ITC Ltd is a 'BUY' call with a target of Rs 380 and a stop loss of Rs 362.
The Economic Times  May 13  Comment 
'ITC Ltd is a 'BUY' call with a target of Rs 375 and a stop loss of Rs 353.'
The Economic Times  May 7  Comment 
ITC Ltd is a 'BUY' call with a target of Rs 358 and a stop loss of Rs 345.
The Economic Times  Apr 29  Comment 
"ITC Ltd is a 'SELL' call with a target of Rs 330 and a stop loss of Rs 345"
The Economic Times  Apr 4  Comment 
ITC Ltd is a ‘BUY’ call with a target of Rs 362 and a stop loss of Rs 340.
The Economic Times  Mar 24  Comment 
"ITC Ltd is a ‘BUY’ call with a target of Rs 376 and a stop loss of Rs 352."




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Business Profile

ITC (Bombay Stock Exchange:500875) is the largest private sector cigarette company with a diversified portfolio comprising hotels, paperboards & specialty papers, packaging, agri-business, packaged foods and confectionery, branded apparel, greeting cards and other FMCG products. ITC is the market leader in its businesses of cigarettes, hotels, paperboards, packaging and agri-exports.

ITC`s diversified status originates from its corporate strategy aimed at creating multiple drivers of growth anchored on its time-tested core competencies i.e., its distribution reach, brand-building capabilities, effective supply chain management and service skills in hoteliering. ITC`s agri-business is one of the country`s biggest FOREX earners with exports of over USD 2 billion. The company`s e-Choupal initiative has also proved to be successful exercise evolved around empowering the farmer. This transformational strategy, which has already become the subject matter of a case study at Harvard Business School, is expected to progressively create for ITC a huge rural distribution infrastructure.

It has entered into retailing of apparels leveraging its trademark brands such as Wills, Wills Classic and John Player. ITC`s hotels business comprises 40 owned and managed properties spread across India. It also has marketing and reservation arrangement with the Sheraton Corporation, the reputed international hotel chain.

ITC is planning to invest around USD 1 billion in strengthening its e-Choupal infrastructure in the next 7-10 years. The company also plans foray into the denim wear for expansion of its apparel business. Further, it has plans of Rs 25,000 million investment in contract farming in Punjab. This will mark the company`s entry in agri-retail in the near future.

ITC owns a 14.95 stake in East India Hotels (EIH) which has given them a profit of over Rs 5000 million over the last ten years.

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