Abneesh Roy, Executive Director, Institutional Equities at Edelweiss Securities sees more momentum in the stock in the near term and has the target price of the stock to Rs 265, a 12 percent upside from its previous closing price.
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Roy believes ITC will look to unlock value at a time when hotel players have seen good recovery.
The core business of the company -- cigarette business -- has come back to pre-COVID levels, he said.
For the full interview, watch the accompanying video.
Catch all market updates here. First Published: Dec 10, 2021 10:35 AM IST