ITC Share: Can I Buy ITC Share Now? Listen to Axis Securities! – axis securities remains positive on itc stock and gives buy rating with a revised target of 380 rupees

ITC (ITC) stock has been steadily rising over the past few weeks. ITC share price rose 2.89% even as the stock market fell today. At the end of today’s trade, ITC share price is Rs 334.45.

Axis Securities believes that ITC stock will grow well in the coming period. ITC is leading in cigarette business. Axis Securities expects cigarette sales to rise in the coming days.

Apart from this, Axis Securities believes that there will be systemic growth in ITC’s other businesses such as hotels, paper, paper board, FMCG. Axis Securities said cigarette sales will continue to be positive if there is no tax or other restrictions on cigarettes.

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Apart from this ITC offers 5% dividend. Hence, Axis Securities has given BUY rating to ITC stock. Also, ITC revised its target price on the stock to Rs 380. That means, Axis Securities expects ITC stock to gain around 17% from its current price.