Research #1

Fundamentals

Growth

FY26 consolidated revenue grew 10% YoY; Q4 FY26 profit declined due to prior year's exceptional gain, but underlying profit rose 6%.

Valuation

Diversified growth across FMCG-others (up 15% YoY) and new-age brands (up 60%), despite recent significant cigarette tax hike impacting core business.

Technicals

Trend

Bearish trend evident with price at 289.95 INR, RSI at 48.5, and MACD at -0.95 (signal -1.63).

Momentum

Stock trades below all short-term and long-term moving averages, confirming a clear downtrend with 58% bearish signals.

Key levels

ITC hit a 52-week low in June 2026 and needs to reclaim ₹360 with strong volumes for a reversal.

Sentiment

News

Recent news is dominated by Q4 FY26 earnings release and the ongoing impact of the significant February 2026 cigarette tax hike.

Brokerage

Analyst consensus as of July 2, 2026, shows a "Strong Sell" (77% Sell), contrasting with a recent Mojo Grade upgrade to "Hold" and valuation to "very attractive".

Entry & Exit

Fundamental

Wait: Strong fundamentals, attractive valuation, and diversified growth are offset by significant regulatory risks in the core cigarette business, prevailing bearish technicals, and a "Strong Sell" analyst consensus.

Technical / Sentiment

Bearish trend evident with price at 289.95 INR, RSI at 48.5, and MACD at -0.95 (signal -1.63).

Target

No sourced targets found.

Fundamentals

Growth

Record FY26 revenue, EBITDA, and PAT, with consolidated net profit increasing 12.3% YoY to 142.2 crore and EPS at 21.14.

Valuation

Valuation metrics (P/E 28.58, DCF, Peter Lynch) suggest the stock may be overvalued despite strong growth.

Technicals

Trend

Stock price is 622.15 with a bullish trend, RSI at 58.2, and MACD (6.05) above its signal line (5.24).

Momentum

50-day MA 597.61 is above the 200-day MA 530.91, signaling a positive long-term trend.

Key levels

Near-term support at 595.37, resistance at 658.04; however, falling volume on higher prices noted.

Sentiment

News

Strong FY26 earnings surpassed expectations, and a dividend of INR 0.30 per share was recommended.

Brokerage

Consensus analyst rating is "Buy" (up from "Hold"), with an average 12-month target of 663, indicating an 8.79% upside.

Entry & Exit

Fundamental

Entry: Strong FY26 financial performance and strategic growth initiatives underpin a positive outlook, supported by a "Buy" consensus from analysts, despite recent valuation concerns and a prior downgrade.

Technical / Sentiment

Stock price is 622.15 with a bullish trend, RSI at 58.2, and MACD (6.05) above its signal line (5.24).

Target

Consensus

Rs 663 · 12 month · +8.79%

Fundamentals

Growth

FY26 net profit rose 30.13% to ₹1321.93 crore, with Q4 FY26 net profit up 34.86%.

Valuation

The bank targets ₹3 lakh crore total business by FY27, projecting 16-18% credit growth and 13-14% deposit growth, supported by capital raising plans.

Technicals

Trend

The stock price is 24.75 INR; its RSI is neutral at 54.0, and MACD (0.16) above its signal line (0.15) indicates bullish momentum.

Momentum

Technical analysis shows a "sell signal from a pivot top point" and from the short-term Moving Average.

Key levels

A "buy signal from the long-term average" provides a mixed technical picture for the stock.

Sentiment

News

Recent news highlights strong Q4 FY26 results, positive Q1 FY27 provisional growth figures, and capital raising plans.

Brokerage

No major institutional brokerage rating changes or target price updates were prominently found in recent searches.

Entry & Exit

Fundamental

Wait: While strong financial performance and ambitious growth plans are positive, the stock faces valuation concerns, mixed technical signals, and the need to meet MPS norms, suggesting a cautious approach.

Technical / Sentiment

The stock price is 24.75 INR; its RSI is neutral at 54.0, and MACD (0.16) above its signal line (0.15) indicates bullish momentum.

Target

No sourced targets found.