GENERAL19 Sept 2026
ITC stock: 360 ONE maintains BUY, sees 68% upside; here’s why brokerage is bullish | Stock Market News
360 ONE has kept its BUY rating on ITC with a target price of ₹440 per share. The stock trades near ₹266 and has fallen 36% in a year. For ITC investors, the brokerage expects recent cigarette price hikes to protect profits despite lower volumes from tax changes, with support from other businesses. Higher prices should lift margins.
Key Statutory Highlights
- 360 ONE maintained its BUY rating on ITC with an unchanged target price of ₹440 per share, which implies around 68% upside from the current price.
- ITC has raised prices on key brands, with Classic Connect going from ₹19.5 to ₹21.4 per stick and Gold Flake Superstar from ₹7.9 to ₹8.9.
- The brokerage raised its FY27 volume degrowth assumption from -2.5% to -4% after the sharp price hikes, cutting its FY27 revenue, EBITDA and PAT estimates.
Actionable Advice for Taxpayers / Founders:If you hold ITC shares, treat this as one brokerage's view and not a guaranteed outcome. Review it against your own goals, time horizon and risk comfort, and consult a registered adviser before you buy or sell.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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