ITC Gets A Thumbs Up From Big Brokerages After Q2 Results

Buy ITC shares.

That's the call from brokerage giants Goldman Sachs and Morgan Stanley after ITC's second quarter results.

While the FMCG biggie’s profits missed expectations, revenues came in stronger than anticipated.

So, Goldman Sachs is betting big on the company now - maintaining their 'buy' rating and raising their target to 525 rupees.

Morgan Stanley's even more bullish at 554 rupees, keeping their 'overweight' rating.

Nomura and Citi are jumping on board too - with targets of 555 and 560 rupees.

That's a potential 20% jump from current levels around 480.

And the clincher - 34 out of 39 analysts tracking ITC recommend buying the stock, says a CNBC-TV18 report.

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