Morgan Stanley Has Enhanced ITC To ‘Over Weight’

Morgan Stanley ITC goodMorgan Stanley has enhanced ITC to ‘over weight’ through ‘equal weight’ and it has increased the target price to 184 rupees from 160 rupees. In a note, Morgan Stanley offered 3 drivers for rerating of the share: good fundamentals from cigarette-business, change in belief about ITC’s investment in noncigarette businesses (paper and agri ) and greater dividend pay out.

“We consider the firm will likely be fairly immune to a possible rise in the competition that other FMCG firms may face. Even though regulatory as well as tax threats remain for ITC, the firm has proven strong costs power and has had the oppertunity to capitalise on enhanced farm earnings,” added the note.

Be Sociable, Share!
Tags: , ,

Stock Market Basics For Beginners

Why India & China Can Be Favorite Destinations For Investments Globally With Reasons

Why India & China Can Be Favorite Destinations For Investments Globally With Reasons India & China, the Asian giants are the only countries in the world to grow more than 8% per annum. China is growing at a ...…

Foreign Institutional Investors In India

Foreign Institutional Investors In India Foreign capital flows have come to be acknowledged as one of the significant sources of funds for economies that would like to raise at a ...…

Longterm Investment Options

Longterm Investment Options Public Provident Fund, Post Office Savings Schemes, Company Fixed Deposits,  Mutual Funds, Debentures and Bonds are the best long term investment options for more details click ...…

Average

Average A share market average is known as a mathematical method of reporting the composite difference in prices of the shares that the average includes. Each and ...…

Definition for Stock

Definition for Stock The stock of a business entity represents the original capital  invested (paid into) in the business by its founders. The corporation ownership is determined by ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics