Is ITC stock the titan in FMCG sector? Majority brokerages raise target price, here's why
ITC is a favorite pick of brokerages in FMCG sector. Unlike its peers, ITC has posted impressive growth in FMCG business, while cigarette performance also remains healthy. Near term outlook of ITC is strong.
After a lackluster opening, ITC stock price gained momentum to rise by nearly a percent on Friday. ITC's share price has outrun its peers so far in 2023, while yearly gains have been on a double-digit note. And, the latest Q4 numbers of FY23 give more reason to buy this stock. The majority of brokerages have raised their estimates for FY24, and target price in ITC.
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