{"id":14292,"date":"2018-09-24T18:43:02","date_gmt":"2018-09-24T13:13:02","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=14292"},"modified":"2018-09-24T18:43:02","modified_gmt":"2018-09-24T13:13:02","slug":"itc-ltd-2","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/itc-ltd-2\/14292","title":{"rendered":"ITC Ltd"},"content":{"rendered":"<p>ITC is a diversified conglomerate, present across categories\u2013 Cigarettes, Other FMCG, Hotels, Paper &amp; Agri-business. ITC is a market leader in the cigarettes category with volume market share of ~75%.<\/p>\n<p>Valuation: Given ITC\u2019s leadership position in cigarette category, continued investment in FMCG business and favourable risk reward, we recommend \u2018BUY\u2019 rating on the stock with a target price of Rs. 336 based on 30.5x FY20E EPS.<\/p>\n<p><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/09\/Research-Report-ITC-Ltd.pdf\">Research-Report &#8211; ITC Ltd<\/a><\/p>\n<p><em>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<\/em><a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\"><em>Click here<\/em><\/a><em>\u00a0to read our full disclaimer.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ITC is a diversified conglomerate, present across categories\u2013 Cigarettes, Other FMCG, Hotels, Paper &amp; Agri-business. ITC is a market leader in the cigarettes category with volume market share of ~75%. Valuation: Given ITC\u2019s leadership position in cigarette category, continued investment in FMCG business and favourable risk reward, we recommend \u2018BUY\u2019 rating on the stock with [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[573],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ITC Ltd<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/itc-ltd-2\/14292\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ITC Ltd\" \/>\n<meta property=\"og:description\" content=\"ITC is a diversified conglomerate, present across categories\u2013 Cigarettes, Other FMCG, Hotels, Paper &amp; Agri-business. 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