ITC Limited Share Price Target: 2023, 2024, 2025 to 2030

ITC, or Indian Tobacco Company, is one of India’s leading multi-business conglomerates. It is involved in a wide range of activities, ranging from hotels and paper products to customer items and IT services. 

With a presence in over 150 countries, ITC is one of the largest multi-business corporations in the world. ITC has a mission to create enduring value for its stakeholders, including shareholders, employees, consumers and society at large. It is committed to sustainability, as well as ethical and responsible business practices.

The company operates in five segments: Fast-Moving Consumer Goods (FMCG), Hotels, Paperboards, Packaging and Agri business. ITC is the market leader in cigarettes in India with a significant and growing market share in the FMCG, Hotels, Paperboards, Packaging and Agri business. 

Stock History

ITC has a long and successful history of stock performance in India. Over the past decade, the company’s share price has risen from around Rs. 300 per share in 2010 to around Rs. 332 per share in 2023. 

The company has consistently outperformed the benchmark indices and has consistently been one of the top performing stocks on the Indian stock exchanges. In recent years, ITC has been focusing on diversifying its business portfolio and has been investing in new areas such as hospitality, FMCG, agriculture, and e-commerce. These efforts have been paying off and the company’s stock price has been steadily rising over the past few years.

Overall, ITC has been one of India’s most successful stocks and has delivered solid returns to its shareholders over the years. The company’s focus on diversification, innovation, and customer satisfaction has enabled it to remain a top performer on the stock exchanges.

ITC Limited in recent news

➤ITC plans to acquire 100% of Sproutlife Foods ‘Yoga Bar’

➤ITC launches milk biscuit brand in Tamil Nadu

How to buy ITC Limited shares?

To buy shares of ITC Limited, you will need to open a trading account with a broker or with a depository participant. Once your account is opened, you can place a buy order for ITC Limited shares. The order will be executed at the best available market price, depending on the demand-supply situation. After the order is executed, the shares will be credited to your trading account and you can keep them as long as you wish or sell them as and when you want.

Some of the online trading platforms are:

Zerodha Click here
Upstox Click here
Groww Click here
AngelOne Click here
ICICIDirect Click here

ITC Limited Share Price Prediction 2023 to 2030

ITC Limited Share Price Target 2023 is ₹454.34

When Maximum Price Minimum Price
January 2023 ₹332.00 ₹254.25
February 2023 ₹338.64 ₹260.49
March 2023 ₹253.98 ₹195.37
April 2023 ₹279.38 ₹214.91
May 2023 ₹232.82 ₹179.09
June 2023 ₹279.38 ₹214.91
July 2023 ₹335.25 ₹257.89
August 2023 ₹368.78 ₹283.68
September 2023 ₹387.22 ₹297.86
October 2023 ₹368.78 ₹283.68
November 2023 ₹405.66 ₹312.04
December 2023 ₹454.34 ₹349.49

As ITC’s FMCG business is one of India’s most recognized brands, and it is the market leader in food, personal care, stationery, and cigarettes. Hence, we can assume that the company’s share price will grow in the near future. The per-share price of ITC Limited could reach ₹454.34 by the December of 2023.

ITC Limited Share Price Target 2024 is ₹636.09

When Maximum Price Minimum Price
January 2024 ₹478.25 ₹367.88
February 2024 ₹537.36 ₹447.80
March 2024 ₹565.64 ₹459.87
April 2024 ₹514.22 ₹395.55
May 2024 ₹428.51 ₹329.63
June 2024 ₹514.22 ₹395.55
July 2024 ₹437.08 ₹338.83
August 2024 ₹480.79 ₹381.58
September 2024 ₹504.83 ₹388.33
October 2024 ₹593.92 ₹456.86
November 2024 ₹623.62 ₹479.71
December 2024 ₹636.09 ₹489.30

The share price of ITC Limited could reach ₹636.09 by the end of 2024, if everything goes as per plan.

ITC Limited Share Price Target 2025 is ₹771.59

When Maximum Price Minimum Price
January 2025 ₹648.81 ₹499.09
February 2025 ₹682.96 ₹525.35
March 2025 ₹717.11 ₹551.62
April 2025 ₹640.27 ₹492.52
May 2025 ₹582.07 ₹447.74
June 2025 ₹640.27 ₹492.52
July 2025 ₹609.79 ₹469.07
August 2025 ₹635.19 ₹488.61
September 2025 ₹666.95 ₹513.04
October 2025 ₹706.97 ₹543.82
November 2025 ₹756.46 ₹581.89
December 2025 ₹771.59 ₹593.53

With the increase in share price over the years, the ITC share price might reach ₹771.59 by the end of 2025.

ITC Limited Share Price Prediction 2026-2030

Year Maximum Price Minimum Price
2026 ₹540.11 ₹378.08
2027 ₹459.09 ₹321.37
2028 ₹826.37 ₹578.46
2029 ₹1,697.49 ₹1,188.24
2030 ₹1,890.39 ₹1,323.27

ITC Limited share price will reach around ₹2000 by the end of 2030. However, based on the company’s current performance, it is likely that the share price will increase over the next five years. The company has a strong financial position and is expected to continue to grow and expand in the coming years. 

In addition, the Indian economy is expected to grow at a steady pace which will benefit the company and its share price. Therefore, it is likely that the share price of ITC Limited will increase over the years 2026-2030.

ITC Limited Financial Condition: Last 5 years

Narration Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Trailing Best Case Worst Case
Sales         43,448.94     48,339.58     49,387.70     49,257.45     60,644.54     69,261.13   74,664.04   65,202.85
Expenses         26,928.35     29,802.19     30,044.16     32,192.67     40,021.39     45,727.83   47,931.61   43,048.46
Operating Profit         16,520.59     18,537.39     19,343.54     17,064.78     20,623.15     23,533.30   26,732.43   22,154.39
Other Income           2,239.81       2,080.44       2,417.32       2,576.95       1,909.72       1,695.95                     –                       –  
Depreciation           1,236.28       1,396.61       1,644.91       1,645.59       1,732.41       1,797.05     1,797.05     1,797.05
Interest               115.01             71.40             81.38             57.97             59.99             42.11           42.11           42.11
Profit before tax         17,409.11     19,149.82     20,034.57     17,938.17     20,740.47     23,390.09   24,893.27   20,315.23
Tax           5,916.43       6,313.92       4,441.79       4,555.29       5,237.34       5,879.04 25% 25%
Net profit         11,271.20     12,592.33     15,306.23     13,161.19     15,242.66     17,261.95   18,636.41   15,209.05
EPS                       9.24             10.27             12.45             10.69             12.37             13.91           15.02           12.26
Price to earning                     27.67             28.94             13.79             20.43             20.26             23.88           23.88           19.59
Price               255.50           297.25           171.70           218.50           250.65           332.15         358.60         240.13
RATIOS:
Dividend Payout 55.76% 55.98% 81.51% 100.54% 92.97%
OPM 38.02% 38.35% 39.17% 34.64% 34.01% 33.98%

FAQS

Will the share price of ITC Limited grow in 2023?

Yes, according to the trend the share price of ITC Limited will grow and reach ₹454.34 by the December of 2023.

What is the price prediction for ITC Limited for 2030?

If everything goes fine for the company, the share price of ITC Limited might reach around ₹1,890.39 by the end of 2030.

What is the current market condition of ITC Limited Stock?

At the time of writing, the ITC Limited share price is trending at 332INR with a market capitalisation of 4.12 trillion INR.

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Conclusion

In conclusion, ITC Limited has a strong presence in India and is expected to continue to do well in the coming years. The share price target for 2023, 2024, 2025 to 2030 is expected to be on a steady incline as the company continues to grow and innovate. With its strong financials, ITC Limited is an attractive investment option for anyone looking to invest in the Indian economy.

 

Topics #ITC #shares #trading