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    HomeNewsBusinessStocksJefferies maintains ‘hold’ on ITC with target of Rs 305

    Jefferies maintains ‘hold’ on ITC with target of Rs 305

    The firm observed that the cigarette business could remain impacted by regulatory pressures.

    October 06, 2017 / 11:54 IST

    Global broking firm Jefferies maintained its hold call on ITC and set a target of Rs 305.

    The firm observed that the cigarette business could remain impacted by regulatory pressures, while other businesses could see gradual uptick in growth and profitability.

    It also expects revenue and EPS to grow at CAGR of 10 percent and 11 percent respectively over FY17-20.

    At 11:41 hrs ITC was quoting at Rs 266.60, up Rs 1.05, or 0.40 percent, on the BSE. It touched an intraday high of Rs 267.55 and an intraday low of Rs 265.35.

    first published: Oct 6, 2017 11:54 am

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