ITC may rise over 23% and outperform peers: says Centrum Broking
Fri, Sep 23, 2022 1:41 PM

ITC may rise over 23% and outperform peers: says Centrum Broking

A Flip by Shruti
Get it on Google Play
Centrum Broking has allocated a buy rating on ITC NSE 0.91 % with a target price of Rs 424 which signifies a potential rise of 23% from the current price. As per sources, a number of positives are likely to happen such as a hike in cigarette prices in the next budget, and improved profitability registered by the food business of the company.

More great flips

Buzzing Stocks you can't miss to check!

Buzzing Stocks you can't miss to check!

📌SBI is picking up a 20 percent additional stake held by SBI Capital in SBI Pension Funds for Rs 229.5 crore. 📌HDFC Bank has sought approval from the shareholders for the re-appointment of Sashidhar Jagdishan. 📌Bank of India has announced a QIP with a floor price of Rs 105.42 per share. 📌Powergrid received an LOI to establish an inter-state transmission system project for the transmission.

Open Flip
INOX India, Stanley Lifestyles get Sebi approval to float IPOs

INOX India, Stanley Lifestyles get Sebi approval to float IPOs

INOX India and Stanley Lifestyles have received approval from the capital markets regulator Securities and Exchange Board of India (SEBI), to launch their initial public offerings (IPOs). Cryogenic equipment and tanks manufacturer INOX India received an observation letter from the SEBI on November 29.

Open Flip
Banks yet to fully pass on RBI rate hikes to customers, shows data

Banks yet to fully pass on RBI rate hikes to customers, shows data

Indian banks are yet to fully pass on the central bank's policy rate increases to customers, a Moneycontrol analysis showed. The lack of monetary transmission in the system has long been a concern for the Indian central bank and has limited the impact of policy actions. As per the Reserve Bank of India (RBI), the weighted average domestic term deposit rate of banks increased by 233 basis points.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon