ITC announced an interim dividend of 6 INR per share for the financial year ending March 31, according to a media statement. ITC sustained strong growth momentum across all operating segments. Robust performance continues in FMCG—Others, segment revenue is up 18.4%,Cigarettes Segment Revenue up 16.7%,Stellar performance in Hotels Business Segment Revenue up 50.5%.
History of ITC
ITC was incorporated on August 24, 1910, under the name Imperial Tobacco Company of India Limited, with company headquarters in Kolkata. As the company’s ownership progressively Indianized, the name of the company was changed to India Tobacco Company Limited in 1970, then renamed I.T.C. Limited in 1974. company entered into hospitality sector with hotel business in 1975. In 2001 company renamed again as ITC Limited.At present, ITC has a diversified presence across industries such as FMCG, hotels, software, packaging, paperboard, specialty papers, and agribusiness.
ITC Listing in Stock Exchange
ITC’s equity shares are listed on Bombay Stock Exchange (BSE), National Stock Exchange of India (NSE) and Calcutta Stock Exchange (CSE). It is a constituent of two major stock market indices :Nifty 50 of NSE and BSE SENSEX.
Last 5 years Stock performance
According to previous data of ITC Limited this company stock performance very robust. if we will exclude Covid-time stock performance, so overall stock performance consistently good. we are analyzing last 5 years ITC Stock performance. ITC current stock price 380.70 INR.
| 2018 to Feb 2023 ITC Share price Details |
| Year | Share Price Range |
| 2018-2019 | Opening 264 – closing 279 INR |
| 2019-2020 | Opening 279- closing 197 INR |
| 2020-2021 | Opening 197- closing 206 INR |
| 2021-2022 | Opening 206- closing 219 INR |
| 2022- 4 Feb 2023 | Opening 219- closing 380.70 INR |
If you are a new investor, our suggestion is that you add this company to your watchlist and start investing gradually. This company has too much potential to boost its stock price much higher. Our whole analysis based on facts and figures so our recommendation for ITC very positive.
Price Prediction for ITC Limited
ITC now started his ascending journey and company all sectors performing very well so next 5 year will be quit impressive for ITC stock holders and Investors.
| Year | Target Price |
| 2023 | 350 – 480 INR |
| 2024 | 430 – 565 INR |
| 2025 | 525 – 670 INR |
| 2030 | 600 – 795 INR |
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Conclusion of this whole analysis is that ITC is one of the emerging company with continuous growth so it is a best option for investment. Watch it and start investing.