Jan 31, 2024, 02:37 PM IST
ITC reported a jump of 10.75% in its standalone profit after tax (PAT) and a rise of 8.52% in revenue from operations year-on-year (YoY) in Q3.
Here's what brokerages make of ITC's Q3 numbers.
Jefferies has maintained a 'buy' call on ITC. The brokerage has reduced the target by Rs 20 to Rs 520.
CLSA has maintained an 'overweight' rating on ITC, but has slashed the target price by Rs 18 to Rs 486.
Morgan Stanley has continued an overweight rating on ITC. The brokerage has cut the target to Rs 491 from Rs 501.
ITC also announced an interim dividend of 625 per cent, or Rs 6.25, of the face value of Rs 1 per equity share.
The company has set February 8 as the record date for the interim dividend. Images: Reuters and others