ITC Share Price Latest Price and Investment Insights

ITC Share Price

A well-known Indian corporation, ITC Limited has a substantial presence in industries like packaging, paperboards, hotels, and fast-moving consumer goods (FMCG). The current price of ITC’s stock as of December 27, 2024, is ₹478.

Recent Stock Performance

Over the past week, ITC share price has exhibited slight fluctuations:

  • December 26, 2024: The stock closed at ₹476.85, marking a 0.30% decline.
  • December 20, 2024: A 0.38% decrease to ₹464.60 was observed.
  • December 23, 2024: The stock rose by 2.07% to ₹474.20.

With very slight daily variations, these movements point to a comparatively consistent performance.

Views of Analysts

Over the next 12 months, analysts have set a median price objective of ₹540 for ITC’s shares, indicating a possible 13% increase from the present price. A high estimate of ₹588 and a low estimate of ₹420 are included in the consensus.

Investment Considerations

When evaluating ITC as an investment option, consider the following factors:

  • Financial Health: ITC boasts a robust Return on Equity (ROE) of 27.29% and a Price-to-Earnings (P/E) ratio of 29.04, indicating strong profitability.
  • Dividend Yield: The company offers a dividend yield of 2.88%, appealing to income-focused investors.
  • Market Position: As the largest cigarette manufacturer in India, ITC holds a dominant position in the tobacco industry.
  • Diversification: ITC’s expansion into FMCG products, hotels, and packaging has diversified its revenue streams, potentially reducing dependence on the tobacco segment.

Risks to Consider

  • Regulatory Environment: The tobacco industry faces stringent regulations and potential policy changes that could impact profitability.
  • Market Volatility: Stock prices are subject to market fluctuations, and past performance does not guarantee future results.

How to Invest in ITC

To purchase ITC shares, take the following actions:

  1. Create an account with Demat: To hold shares electronically, you must have an Open Demat account. Select a trustworthy brokerage company that provides services for opening an account online.
  2. Full KYC Procedure: Provide the required documentation, including a passport-sized photo and proof of identity and address.
  3. Put Money Into Your Account: Fund your trading account with the specified investment amount.
  4. Make a Purchase: To place a buy order for ITC shares, use the trading platform of the brokerage.
  5. Keep an eye on your investment: Review your portfolio regularly and keep up with market developments. 

Conclusion

ITC Limited presents a compelling investment opportunity with its strong financials, market leadership, and diversified business model. However, it’s crucial to assess personal investment goals and risk tolerance before making investment decisions. Consulting with a financial advisor can provide personalized guidance tailored to individual circumstances.

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