Pending — not yet graded
“Upgraded ITC to 'Buy' with a target price of ₹340, believing the worst is over and risk-reward is favorable. Cigarette volume decline of 5% was better than expected, and pricing measures are anticipated to restore profitability to pre-tax hike levels by Q4FY27.”
Nomura Analysis’s track record: 3 graded calls · 95% CI 6–79%
ITCBullishCalled 03 Aug 2026
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