ITC shares hit a new high; crosses ₹400 mark for the first time

Conglomerate ITC has hit a new high of Rs 400 for the first time. In the past one year, ITC shares have become the top Nifty gainer, rising about 48%.

As per Mint, the index heavyweight has been one of the top performers on the Street, rising nearly 19.81% on a year-to-date basis.

As per Economic Times, brokerage firm Sharekhan has a ‘buy’ rating on ITC with a target price of Rs 450, which shows an upside potential of 12.5% from the current market prices. So far in the current calendar year, ITC has rallied 20% while S&P BSE sensex has saw 2.2% decline.

According to data from Trendlyne, ITC has declared 25 dividends, since 3rd July 2001. In the past 12 months, ITC has declared an equity dividend amounting to ₹12.25 per share. As per BSE data, ITC's market cap is at ₹ 4.98 trillion and is now seen inching towards the Rs 5 trillion mark.