Accumulate ITC; target of Rs 252: Angel Broking
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ITC Ltd Stock News, Analyst Calls And Reviews
ITC has registered 25.98% growth in its standalone net profit for the three month period ended March 31, 2012 at Rs 1,614.36 crore.
The firm had registered a net profit of Rs 1,281.48 crore during the corresponding period last year.
Company’s total income in the fourth quarterly period also zoomed 18.13% to Rs 7,162.51 crore as compared to Rs 6,063.38 crore during the year-ago period.
For the complete 2011-12 fiscal, the company’s consolidated net profit surged 24.72% to Rs 6,258.14 crore as against Rs 5,017.93 crore during the previous financial.
The company’s overall income during FY’12 remained at Rs 27,336.14 crore as against Rs 23,110.80 crore in FY’11, up 18.28%.
ITC said its hotel biz saw a decline in net revenue during the fourth quarterly period of last fiscal to Rs 285.84 crore as against Rs 300.33 crore in the same quarter previous fiscal.
The stock looks good for medium or long term investment.
The investors can buy the stock on declines.
Accumulate ITC; target of Rs 252: Angel Broking
Govt allows ITC to flout WHO norms on donations from tobacco firms
