ITC: 345-360 May Be A Major Hurdle Amid Controversy In Cigarettes And Slow Overall Growth & Sin Tax/GST/Pictorial Shock

Trading Idea: ITC

CMP: 330

Either sell below 340-345 or on rise around 360-375

TGT: 321-310*-302-290*-283-265*-249-230 (1-3/6M)

TSL> 380

Note: Consecutive closing (3 days) above 380 for any reason, ITC may further rally up to 386-398* & 412-425 in the near to long term (alternative bullish case scenario).

For ITC (Standalone):

Q4FY16 TTM EPS: 12.20 (diluted/FY16/Actual)

Projected FWD EPS: 13.50-14.80-16.35 (FY:17-19/Estimated)

Average PE: 25

As par BG metrics and current market parameters:

Present median value may be around: 315 (FY:16/TTM)

Projected fair value: 331-350-365 (FY:17-19/FWD)

 

ITC	EPS(TTM)	BV(Act)	P/E(AVG)	Low	High	Median	200-DEMA	10-DEMA
Q4FY16/TTM	12.2	50.37	25	314.48	315.20	314.84	324.26	325.74
FY17/FWD	13.5	61.55	25	330.81	331.57	331.19	324.26	325.74
FY18/FWD	14.8	75.05	25	346.38	347.17	346.77	324.26	325.74
FY19/FWD	16.35	91.75	25	364.06	364.89	364.48	324.26	325.74

  Analytical Charts: