Stock Market LIVE Updates | BROKERAGE TAKE: CLSA on ITC: Buy| Target Rs 468



CLSA upgraded ITC to a buy from outperform earlier but slashed the target price to Rs 468 from Rs 486 earlier.

The Cigarette volumes are likely to be muted but premiumisation is underway. FMCG is gradually becoming a key driver.

Quick commerce is likely to accelerate portfolio Premiumisation. The recent correction offers an attractive multiple in a volatile market.