ITC Stock Analysis: Navigating Post Q4 Results
How to trade ITC stock post Q4 results? Here's what chart suggests
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ITC stock fell 1.8% to ₹302.25 following its Q4 results, reflecting management's cautious outlook due to potential earnings weakness from the El Nino effect. Despite a slight recovery earlier in the year, analysts expect the stock to consolidate between ₹280 and ₹330 in the coming months.
- 01ITC reported a 6.1% year-on-year growth in Q4 consolidated net profit, reaching ₹5,469.74 crore.
- 02The company's consolidated revenue grew by 16.9% year-on-year to ₹23,821.48 crore for the same quarter.
- 03ITC's stock has declined 24% in 2026, contrasting with a 1% drop in the NSE Nifty index.
- 04Ajit Mishra from Religare Broking anticipates the stock will consolidate between ₹280 and ₹330, with downside risk capped around ₹280-₹290.
- 05Brokerages maintain a positive outlook on ITC, with ICICI Securities giving it an 'Add' rating and a target price of ₹350.
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ITC's stock price decreased by 1.8% to an intraday low of ₹302.25 as it reacted to the company's Q4 results, which included a 6.1% year-on-year growth in consolidated net profit, amounting to ₹5,469.74 crore. The company's revenue also saw a 16.9% increase, reaching ₹23,821.48 crore. However, analysts are cautious due to management's guidance indicating potential earnings weakness linked to the El Nino phenomenon. The stock has been struggling below its 20-day moving average since May 11 and is currently testing the 50-day moving average. Ajit Mishra from Religare Broking suggests that ITC's stock may consolidate in the range of ₹280 to ₹330 in the coming months, with a downside risk limited to around ₹280-₹290. Despite these concerns, brokerages like ICICI Securities maintain a positive outlook, rating ITC as an 'Add' with a target price of ₹350 per share.
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Investors may need to reassess their positions in ITC stock based on the company's cautious outlook and market performance.
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