Economy
360 ONE maintains BUY rating on ITC with target price of ₹440
Livemint1h
THE BRIEF
1
Brokerage 360 ONE Capital Research maintained a BUY rating on ITC with an unchanged target price of ₹440 per share.
2
The stock recently traded at ₹266 after declining 36 percent over the past year amid pressures on cigarette volumes.
3
The brokerage increased its volume degrowth assumption to four percent for FY27 following recent staggered cigarette price hikes.