Global fund reallocation is positive for the Indian geography amongst the emerging markets, and new fund flows are likely, Anand Mour of ICICI Securities says.
Anand Mour, FMCG analyst, ICICI Securities is upbeat on ITC and has a buy rating with a target price of Rs 306. He expects ITC to post an EPS of Rs 8.5 in FY17 and Rs 9.9 in FY18.
Abneesh Roy of Edelweiss Securities expects the rate for home, personal care and paints to be around 18 percent. More clarity is needed on GST rates before any clarity is needed.
For the FMCG sector rural demand is yet to pick up and a lackluster volume growth is expected in this space this quarter, says Anand Mour, FMCG Analyst at ICICI Securities.
In an interview with CNBC-TV18, Anand Mour, FMCG analyst of Indiabulls said, the cigarette business should be doing well for all the three companies—ITC, VST and Godfrey Phillips. “In ITC, I am looking at earning per share (EPS) of about Rs 8 for FY12 and about Rs 9.85 for FY13,” he added.