Is ITC Still a Buy? What investors should know even as Nuvama cuts target
ITC's share price rose by 1.4% as the company reported its quarterly earnings for Q2FY26. While its revenue decreased by 3.4% YoY, EBITDA rose 2.1% YoY, in line with estimates. Nuvama Institutional Equities slashed the target price to Rs 534, citing a weak set of numbers. The company's agri business declined by 31% YoY, while cigarette volume grew 6% YoY.
 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 