ITC Limited is an Indian multinational conglomerate headquartered in Kolkata, West Bengal. The company operates in a wide range of industries, including cigarettes, hotels, packaged foods, and information technology.
|Year||Share Price Target|
The ITC share price has been on a bull run in recent years, rising from around ₹200 per share in 2017 to ₹270 per share as of August 2023. This is due to a number of factors, including the company’s strong financial performance, its focus on diversification, and the growth of the Indian economy.
There are a number of factors that could affect the ITC share price in 2023. These include:
- The company’s financial performance: ITC is expected to report strong financial results for the financial year 2022-23. This could boost the share price.
- The growth of the Indian economy: The Indian economy is expected to grow at a healthy pace in 2023. This could also boost the ITC share price.
- The company’s focus on diversification: ITC is expanding its business into new areas, such as hotels and packaged foods. This could help to reduce the company’s dependence on cigarettes.
Based on these factors, some analysts have forecast the ITC share price to reach ₹300-325 per share in 2023.
In 2024, the ITC share price could be further boosted by the company’s plans to invest in new businesses, such as e-commerce and sustainable packaging. The company is also expected to benefit from the growth of the digital economy.
Some analysts have forecast the ITC share price to reach ₹350-375 per share in 2024.
By 2025, ITC is expected to be a leading player in the Indian consumer goods market. The company is also expected to benefit from the growth of the Indian middle class.
Some analysts have forecast the ITC share price to reach ₹400-425 per share in 2025.
In the long term, ITC is expected to continue to grow and become a global leader in a number of industries. The company’s share price could reach ₹500-550 per share by 2027.
By 2030, ITC could be one of the world’s most valuable companies. The company’s share price could reach ₹600-700 per share by then.
The ITC share price is expected to continue to grow in the coming years. The company is well-positioned to benefit from the growth of the Indian economy and the consumer goods market. However, it is important to remember that the stock market is volatile and there is no guarantee that the ITC share price will always go up in value.