Wednesday, August 30, 2017

Analysis Report: ITC (Buy, Estimated Price: Rs. 840.36)

About the Company

ITC was incorporated on 24 August 1910 under the name Imperial Tobacco Company of India Limited later on in 1970 company’s ownership was taken to and the name changed to India Tobacco Company Limited and finally in 1974 ITC Limited. ITC has presence in various Industries mainly includes FMCG, Hotel, Agriculture, Tobacco, IT and Retail. However, they took a long journey and also went into backward integration by setting up their packaging business in 1925 also they took their first step to move out of national boundaries by setting a Surya tobacco company in Nepal.