ITC Limited (ITC) Share Price Target 2024, 2025, 2030, 2040, and 2050
Stay updated on ITC Limited (ITC) share price target with short-term forecast for 2024 and long-term price prediction from 2024 to 2050. Access ITC price history, see analyst ratings, and follow the latest ITC Limited news and developments.
1 Month Price Target
₹465.95 [0.00%]
3 Month Price Target
₹416.69 [-10.57%]
6 Month Price Target
₹448.93 [-3.65%]
1 Year Price Target
₹522.09 [12.05%]
3 Year Price Target
₹710.63 [52.51%]
5 Year Price Target
₹899.08 [92.96%]
About ITC Limited
ITC Limited is one of India’s foremost fast-moving consumer goods (FMCG) companies, boasting a robust presence across various sectors including cigarettes, hotels, paperboards and packaging, agri-business, and packaged foods and confectionery. Established in 1910 as the Imperial Tobacco Company of India Limited, ITC has evolved into a diversified conglomerate with a market capitalization exceeding $50 billion. The company, with its headquarters in Kolkata, employs over 25,000 individuals nationwide.
ITC’s core business segments include FMCG, hotels, paperboards & packaging, and agri-business. The FMCG segment, which encompasses cigarettes, branded packaged foods, personal care products, and other consumer goods, contributes to over 80% of the company’s revenue.
The company’s cigarette brands, such as Gold Flake, Navy Cut, Insignia, Classic, Silk Cut, and American Club, command more than 75% of India’s cigarette market share. In the food sector, ITC presents a variety of staples, snacks, meals, dairy products, confectionery, and beverages under well-known brands like Aashirvaad, Sunfeast, Bingo!, YiPPee!, Candyman, B Natural, ITC Master Chef, and Farmlite, among others.
ITC Hotels ranks as one of the premier luxury hotel chains in India, with a portfolio of over 100 hotels under the ITC Hotels, Welcomhotel, Fortune Hotels, and WelcomHeritage brands. Additionally, the company holds a significant stake in the paperboards, paper, and packaging industry, providing a range of fine papers, boards, and specialty papers.
ITC Limited (ITC) Historical Performance
IPO Date
ITC Limited (NSE:ITC) went public on 27 October, 1954.
Change
Since inception, ITC has increased by 18,134.99%. In the last 5 years, ITC has risen from ₹194.42 to ₹465.95, a massive 139.66% increase since 2019.
Historical Highs and Lows
In the past 5 years, the share reached a high of ₹518.15 and a low of ₹140.44.
52 Week Range
₹399.35
₹528.5
The current price ₹465.95 is not near the 52-week extremes, which means that the share is neither overbought nor underbought.
ITC Share Price History
Based on historical data, this table shows how ITC share has performed in the last 6 years. Since 2018, the share has risen from ₹194.42 - ₹241.85 to ₹393.44 - ₹518.15, which is up 100.15%. Currently, ITC share follows upward trend.
Here, we have calculated stock range of ITC, indicating the highs and lows for each year, the average price based on the daily closing prices each year, and the change% from the average price.
| Year | Stock Price | Avg Price | Change% | Year Change |
|---|---|---|---|---|
| 2019 | ₹194.42 - ₹241.85 | ₹217.86 | -3.62 | 1 Year Change |
| 2020 | ₹140.44 - ₹192.34 | ₹160.26 | -29.1 | 2 Year Change |
| 2021 | ₹174.79 - ₹213.68 | ₹189.97 | -15.96 | 3 Year Change |
| 2022 | ₹195.31 - ₹330.39 | ₹270.73 | 19.77 | 4 Year Change |
| 2023 | ₹333.84 - ₹450.96 | ₹410.57 | 81.64 | 5 Year Change |
| 2024 | ₹393.44 - ₹518.15 | ₹452.42 | 100.15 | 6 Year Change |
ITC Price Performance
6-Month Performance
ITC share jumped by 11.61% in the last six months.
1-Year Performance
The share has trended upwards by 4.13% in the past year.
3-Year Performance
In the last 3 years, the share has soared by 136.16%.
5-Year Performance
In the last 5 years, the share has gone up by 139.66%.
According to ITC Limited's historical data, below graph gives us the exact picture of how the ITC share has performed year-over-year. Here, Each bar on the graph represents a particular year that illustrates how share price changed from one year to the next.
YoY Performance
In the last five years, the share has shown positive growth in 3 years and a decline in 2 years.
2019
13.99% ↓
2020
7.55% ↓
2021
9.77% ↑
2022
59.21% ↑
2023
42.45% ↑
NOTE: Green bars indicate that the share has risen compared to the previous year, while red bars show that the share has fallen.
ITC Limited (ITC) Financials
Total Revenue
Quarterly Revenue: ₹205.82 B (Q3)
Revenue for Q3 ending 30th September, 2024 increased 12.22% compared to Q2 ending 30th June, 2024.
Annual Revenue: ₹745.62 B (1Y)
Revenue for trailing 12 months increased 6.04% year over year from 31st March, 2024.
If compared to the last 3 years, the revenue has gone up from ₹489.53 billion to ₹745.62 billion, a 52.31% change.
Market Capitalization
ITC Limited has a market capitalization of ₹5.83T, which places ITC in the mega-cap category.
Fundamental Analysis
EPS: ₹3.99 (Q3), ₹16.42 (1Y)
EPS decreased 2.21% since last quarter, and increased 5.94% since last year.
Net Income: ₹49.93 B (Q3), ₹204.59 B (1Y)
Net Income decreased 1.94% since last quarter, and increased 6.60% since last year.
Net Profit Margin: 24.26% (Q3), 27.44% (1Y)
Net Profit Margin decreased 12.62% since last quarter, and increased 0.53% since last year.
Below, we have listed 12 key indicators for Fundamental analysis for ITC share. These indicators help you understand ITC Limited's financial health, earnings and growth potential, and make a decision if the stock is a good long-term investment or not.
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Technical Analysis
Here, we have listed 5 key indicators for Technical Analysis for ITC share. These indicators help investors study past price movements and trading volumes to forecast future price changes, and find the right time when to buy, sell or hold the stock.
| Technical Indicators | Value |
|---|---|
| SMA20 | ₹480.95 |
| SMA50 | ₹497.35 |
| SMA200 | ₹453.17 |
| RSI | 29.54 |
| Beta | 0.24 |
SMA20 > Current Price
This signals ITC share is in short-term bearish momentum.
SMA50 > Current Price
This signals ITC share is in mid-term bearish momentum.
SMA200 < Current Price
This signals ITC share is in long-term bullish momentum.
Sentiment Based on Technical Analysis
Based on 8 technical analysis indicators, the overall sentiment for ITC stock is Bullish. Out of all indicators, 5 indicates bullish signals, 4 signals bearish trends and 0 gives neutral trends. This ITC share price target was last updated on 04 December, 2024.
ITC Limited (ITC) Share Price Target
According to short-term forecast, the share is expected to rise to ₹465.95 by the end of 2024, and can reach around ₹546.76 to ₹586.81 in 2025. And, the long-term price target suggests that the share may further jump to ₹671.27 - ₹764.22 in 2027, and ₹997.94 - ₹1067.78 by 2030. So, the ITC share shows a strong upward trend in the next several years.
Short-term ITC Share Price Target
| Date | Forecasted Price | Change% |
|---|---|---|
| 2024-12 | ₹465.95 | 0.0% |
In 2024, the ITC share price is expected to fluctuate between ₹465.95 and ₹465.95. According to the monthly forecast, the share could rise to ₹465.95 by December 2024. If compared to the ITC's current price, the share could gain 0.0% by the end of this year.
Long-term ITC Share Price Target
| Year | Year Start | Year Mid | Year End | Change% |
|---|---|---|---|---|
| 2025 | ₹546.76 | ₹560.26 | ₹586.81 | 25.94% |
| 2026 | ₹643.06 | ₹636.34 | ₹749.56 | 60.87% |
| 2027 | ₹671.27 | ₹731.16 | ₹764.22 | 64.01% |
| 2028 | ₹773.44 | ₹830.62 | ₹961.96 | 106.45% |
| 2029 | ₹900.49 | ₹897.44 | ₹958.18 | 105.64% |
| 2030 | ₹997.94 | ₹940.99 | ₹1067.78 | 129.16% |
| 2031 | ₹1072.20 | ₹1177.45 | ₹1108.12 | 137.82% |
| 2032 | ₹1127.67 | ₹1256.52 | ₹1181.90 | 153.65% |
| 2033 | ₹1271.74 | ₹1240.16 | ₹1421.27 | 205.03% |
| 2034 | ₹1414.26 | ₹1285.30 | ₹1461.51 | 213.66% |
| 2035 | ₹1452.93 | ₹1487.02 | ₹1481.48 | 217.95% |
| 2036 | ₹1441.55 | ₹1572.86 | ₹1535.49 | 229.54% |
| 2037 | ₹1671.16 | ₹1356.48 | ₹1739.14 | 273.25% |
| 2038 | ₹1809.68 | ₹1554.47 | ₹1831.82 | 293.14% |
| 2039 | ₹2051.59 | ₹1830.77 | ₹2054.68 | 340.97% |
| 2040 | ₹1955.15 | ₹1979.87 | ₹1999.07 | 329.03% |
| 2041 | ₹1818.31 | ₹2261.20 | ₹2155.62 | 362.63% |
| 2042 | ₹1999.90 | ₹2104.52 | ₹2383.98 | 411.64% |
| 2043 | ₹2157.96 | ₹2013.16 | ₹2362.44 | 407.02% |
| 2044 | ₹2599.89 | ₹2258.91 | ₹2588.22 | 455.47% |
| 2045 | ₹1876.17 | ₹2692.77 | ₹2244.15 | 381.63% |
| 2046 | ₹2558.46 | ₹2372.01 | ₹2366.69 | 407.93% |
| 2047 | ₹2470.85 | ₹2506.70 | ₹2936.15 | 530.14% |
| 2048 | ₹2534.36 | ₹2749.27 | ₹2922.60 | 527.23% |
| 2049 | ₹2862.57 | ₹2956.25 | ₹3140.12 | 573.92% |
| 2050 | ₹2884.40 | ₹3387.06 | ₹2969.81 | 537.37% |
ITC Limited (ITC) Share Price Target 2024 - 2025
At the start of 2024, the ITC share was at ₹427.58. Today, it is trading at ₹465.95, which is 8.98% increase from price at the beginning of the year. By the end of this year, you can expect the share to fall to ₹465.95 by December 2024 with a -0.00% change.
In early 2025, the ITC share price is expected to climb from ₹465.95 to ₹546.76, a change of 17.34% from the current price. By mid-2025, the stock may move up by 2.47% on ₹560.26 and end the year at ₹586.81, which is 25.94% compared to today's price.
ITC Limited (ITC) Share Price Target 2026 - 2030
In the next five years, there will be a significant appreciation in the ITC share. During this period, the ITC's price is forecasted to shift from ₹643.06 to ₹1067.78, which is 66.05% gain.
In 2026, the share would possibly open at ₹643.06, descends to ₹636.34 by mid-year, and wraps up at ₹749.56, reflecting a 60.87% increase from today's price. Further moving to 2030, the share can kick off the year at ₹997.94, drop to ₹940.99 by mid-year, and finish at ₹1067.78, which is 129.16% change from current price.
ITC Limited (ITC) Share Price Target 2031 - 2040
During this period, the stock would move from ₹1072.20 to ₹1999.07, which is up 137.82%
In 2031, we can expect ITC share to fluctuate between ₹1072.20 and ₹1108.12, a shift indicating a 137.82% gain by year-end compared to current price. And Until 2040, ITC can likely vary from ₹1955.15 to ₹1999.07. By the end of 2040, the stock could record a 329.03% rise from today's stock price.
ITC Limited (ITC) Share Price Target 2041 - 2050
According to long-term forecast, the ITC share can see an an upturn from ₹1818.31 to ₹2969.81 in this period. In 2041, the stock can experience a high of ₹2261.20 by mid-year, closing the year at ₹2155.62. This results in a 385.29% increase from today.
Moving towards the end of 2050, ITC is projected to open the year at ₹2884.40. The share may peak to ₹3387.06 during mid-year and finish the year at ₹2969.81. Compared to the stock's current price, this translates to an overall gain of 537.37% by 2050.
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ITC : Buy, Sell Or Hold?
Analyst Ratings
Based on 32 analysts, 10 rated as a strong buy, 20 recommended a buy, 1 suggested a hold, 0 advised a sell, and 1 indicated a strong sell.Three months ago, out of 31 analysts, 10 analysts gave a strong buy rating, 20 a buy rating, 0 a hold rating, 0 advised selling, and 1 suggested a strong sell.So, according to analyst ratings, the recommendation for ITC share is Buy.
Expert Analysis
According to ITC share short-term and long-term price target, ITC Limited shares are projected to go up by 537.37%, and reach a value of ₹2969.81 per share by 2050.
As per technical analysis, indicators show a Bullish sentiment, while Fear & Greed Index stands at 64.28571428571429, which signals Greed. Also, ITC has recorded 8/30 green days, which reflects a 34.78260869565217% positivity rate with a price volatility of 0.01%.
Plus, Price-to-Earnings (P/E) ratio of 28.411587 suggests that ITC share is overvalued. So, Based on ITC price target and analysis, it may be the best time to hold ITC share right now.
Disclaimer: Stock predictions, forecasts and price targets provided for "ITC” are solely for informational and educational purposes and should not be treated as investment or financial advice. Always conduct your own research or consider consulting with a financial advisor before making any investment decisions.