ITC Ltd (NSE: ITC) FMCG Stocks To Buy: The market is gaining momentum after a slow beginning the previous Tuesday (July 22).
Good stocks are looking appealing on the charts of technical analysis amid markets that are volatile in the lead-up to the budget.
The brokerage firm has declared FMCG stock ITC an option for technical investors. They have advised investors to consider a position in ITC for at least a couple of days.
Monday (July 22,) is the pre-budget session of trading for the local stock market and the market can be volatile. The Sensex was trading 196 points lower, at 80,408.
Nifty started the day with a decline of 85 points, at 24,445; Nifty Bank opened 120 points lower at 52,145.
Bank Nifty was also showing signs of weakness. The budget for the country will be announced today, and the entire week will be extremely important for the stock market.
ITC: Good Earnings In 2-3 Days
A firm that deals in brokerage has declared ITC an option for technical analysis. The firm has set its target of the share at 500 rupees over the next couple of days.
On the 19th of July in 2024, the price of the stock ended at 474 rupees. This way the stock can rise 5-6 percent over its price at present.
ITC: Stock Jumped 11 Percent In 3 Months
In a volatile market, ITC started trading flat on Monday. The initial trading was down by around one-half percent. It has risen by 11 percent over the last three months.
It has gained 12 percent in a single month. The 52-week high of the stock in the BSE has been Rs 499.60 and its lowest is Rs 399.30. BSE’s market capitalization exceeds Rs 5.90 crore.
ITC Ltd Stock Performance
| Current Price | ₹ 466 |
| 52-wk High | ₹ 500 |
| 52-wk Low | ₹ 399 |
| 5 Days Return | 1.49% |
| 1 Month Return | 10.16% |
Key Fundamentals Parameters
| Market Cap | ₹ 5,82,990 Cr. |
| Stock P/E | 28.5 |
| Book Value | ₹ 59.7 |
| Dividend | 2.95 % |
| ROCE | 37.5 % |
| ROE | 28.4 % |
| Face Value | ₹ 1.00 |
| P/B Value | 7.82 |
| OPM | 37.0 % |
| EPS | ₹ 16.4 |
| Debt | ₹ 303 Cr. |
| Debt to Equity | 0.00 |
ITC Ltd Shareholding Pattern
| FII Holding | |
| Jun 2023 | 43.35% |
| Sep 2023 | 43.34% |
| Dec 2023 | 43.26% |
| Mar 2024 | 40.95% |
| Jun 2024 | 40.47% |
| DII Holding | |
| Jun 2023 | 41.92% |
| Sep 2023 | 41.94% |
| Dec 2023 | 41.98% |
| Mar 2024 | 43.76% |
| Jun 2024 | 44.02% |
| Govt. Holding | |
| Jun 2023 | 0.04% |
| Sep 2023 | 0.04% |
| Dec 2023 | 0.04% |
| Mar 2024 | 0.04% |
| Jun 2024 | 0.04% |
| Public Holding | |
| Jun 2023 | 14.41% |
| Sep 2023 | 14.68% |
| Dec 2023 | 14.71% |
| Mar 2024 | 15.23% |
| Jun 2024 | 15.47% |
ITC Ltd Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2020 | ₹ 49,388 Cr |
| 2021 | ₹ 49,257 Cr |
| 2022 | ₹ 60,645 Cr |
| 2023 | ₹ 70,919 Cr |
| 2024 | ₹ 70,866 Cr |
Last 5 Years’ Net Profit:
| 2020 | ₹ 15,593 Cr |
| 2021 | ₹ 13,383 Cr |
| 2022 | ₹ 15,503 Cr |
| 2023 | ₹ 19,477 Cr |
| 2024 | ₹ 20,751 Cr |
Conclusion
The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience, and various technical analyses.
Also, we’ve talked in depth about the shares’ prospects and growth possibilities.
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