Quotes with Resistance & Support
Market Information

Buy ITC, target of Rs 250: Nirmal Bang

Posted on: June 13th, 2009 and is filed under Brokerage Recommendations.

Nirmal Bang has recommended a buy rating on ITC with a target price of Rs 250 in its June 10, 2009 research report.

“At the CMP of Rs 194 per share, the stock is currently trading at a PE of 17.1x FY10E & 14.6x FY11E, which looks quite attractive when compared to the peers in the industry. The FMCG segment as a whole trades at an Average PE of around 24x earnings. ITC historically has traded in the PE range of 21x to 27x with an average PE of around 24x.We recommend a ‘BUY’ rating on the stock with a Price target of 250 per share (PE of 22x FY10E) an upside of 29% over a period of one year,” says Nirmal Bang’s research report.

source: Moneycontrol

Tags: , , , , , , ,

Similar Posts:

Breakouts

+ve 30 DMA    50 DMA    150 DMA    200 DMA
-ve 30 DMA    50 DMA    150 DMA    200 DMA

Latest Query

Samrudhiglobal.com wishing you and your friends and family Advance xmas and Happy New year...view more »
- by Sam
Status: Awaiting reply

Market Stats

Search Our Archives

Latest Investment Idea

Recent Comments