ITC share prices are on the news as Wells Fargo a leading financial service company sold its significant stocks to ITC Ltd. How will it affect share prices in current market conditions? Let’s check out the hare target price and expert recommendations.
ITC Share Price in Today’s Market
As of 4th March at 9.35 am ITC Share prices are at 395.30 which is a 0.54% drop from the opening price. Today it opened ar Rs395.40 which is lower than the previous close of Rs 397.45. According to moneycontrol Current UC limit is Rs 437.15 and LC Limit is Rs 357.70.
Company Financials
Currently, the company has a market capitalization of Rs 494782 Crores. ITC has reported its Q3 earnings. It had a 7.51% YoY decline in consolidated net profit of Rs 4935 Crore, compared to the same period last year. This drop is mainly caused by subdued demands and rising input costs.
However, the company has shown positive growth in revenue from operations. It made Rs 20349.96 Crore in revenue which is 9.05% higher than the same period last year.
Recent News about ITC
ITC has been in the news recently, not only for its financial performance but for its strategic moves also. It has FMCG, Hotels, and agribusiness which continues to attract new investors. Although there are challenges in the market ITC stands as a significant player among all.
Recently Wells Fargo sold 26.55 lakh shares to ITC for Rs 106.62 Crore. This led to a share price movement and ITC closed at Rs 397.55 on the stock market Yesterday 3rd March 2025.
ITC Share Target Price
According to Analyst Consensus, ITC Shares could reach Rs 534.91 soon. On the other hand, Morgan Stanley and City are optimistic about ITC shares suggesting It could reach up to Rs 590 or Rs 623.
Recommendation on Buy or Sell?
Investors are very cautious as the market has been volatile for the past few days. ITC stocks have both positive and negative sides. As the company financials came out it showed a decline in consolidated net profit. But it also has multiple businesses which adds more confidence. According to moneycontrol, 59% of the 37 analysts are recommending ‘Buy’ for ITC Shares. Consensus also suggests ‘buy’ with a target price of Rs 534.91.
