Q2 RESULS OF ITC LTD;
CNBC estimates sales at Rs 9420 crores. However, we feel that sales of ITC in Q2 may decline to Rs 8805 crores (9023 crores in Sept 14 quarter). PAT may be Rs 2431 crores as against CNBC estimate of Rs 2550 crores. Degrowth in sales is a negative which may pull down the price.
TP Rs 314-322
CNBC estimates sales at Rs 9420 crores. However, we feel that sales of ITC in Q2 may decline to Rs 8805 crores (9023 crores in Sept 14 quarter). PAT may be Rs 2431 crores as against CNBC estimate of Rs 2550 crores. Degrowth in sales is a negative which may pull down the price.
TP Rs 314-322
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