Buy ITC, target Rs 290: Kunal Bothra

INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a buy call on ITC Ltd
with a target price of Rs 290
The current market price of ITC Ltd
is Rs 273.45 Time period given by analyst is Intra Day when ITC Ltd
price can reach defined target
Kunal Bothra recommended to keep stoploss at Rs 264. ITC Ltd., incorporated in the year 1910, is a largecap company with a market cap of Rs
334129.43 crore
ITC Ltd
key Products/Revenue Segments include Cigarettes which contributed Rs 34001.98 Crore to Sales Value (61.32 % of Total Sales), Packaged Food
Item which contributed Rs 8036.41 Crore to Sales Value (14.49 % of Total Sales), Agricultural Products which contributed Rs 3534.95 Crore to
Sales Value (6.37 % of Total Sales), Paper Paper Boards which contributed Rs 3219.57 Crore to Sales Value (5.80 % of Total Sales), Others
which contributed Rs 2462.16 Crore to Sales Value (4.44 % of Total Sales), Tobacco Unmanufactured which contributed Rs 1817.93 Crore to
Sales Value (3.27 % of Total Sales), Service (Hotel) which contributed Rs 1329.25 Crore to Sales Value (2.39 % of Total Sales), Printed
Materials which contributed Rs 599.44 Crore to Sales Value (1.08 % of Total Sales), Other Operating Revenue which contributed Rs 446.77
Crore to Sales Value (0.80 % of Total Sales)for the year ending 31-Mar-2017
For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 10479.24 Crore, up 8.34 % from last quarter Sales of Rs
9672.57 Crore and down -5.81 % from last year same quarter Sales of Rs 11125.54 Crore Company has reported net profit after tax of Rs
2932.71 Crore in latest quarter
Mr.Sahibzada Syed Habib-ur-Rehman, Mr.Sanjiv Puri, Mr.Shilabhadra Banerjee, Mr.Sunil Behari Mathur, Mr.Suryakant Balkrishna Mainak,
Mr.Yogesh Chander Deveshwar, Ms.Meera Shankar, Ms.Nirupama Rao
Company has Deloitte Haskins Sells as its auditoRs As on 30-06-2018, the company has a total of 12,207,412,321 shares outstanding.