ITI Share Price target 2023, 2024, 2025, 2030: Possibility of Growth in the Indian Stock Market
In the Indian stock market, it is believed that stocks performing well in the present have a high possibility of good performance in the future as well. Today, we will be discussing the companies in the telecommunication and equipment sector, with a focus on ITI Limited.
ITI Share Price: Why is it Important?
The ITI share price is important because it reflects the current performance of the Indian stock market and the condition of the company itself. By analyzing the share price, investors can make a correct estimate of their investment.
About ITI Share:
ITI Limited, also known as Telephone Industries Limited, was established on October 12, 1948, in Bengaluru. The company operates in the telecom equipment and networking equipment sector. Its main products include Smart Energy Meters, Smart Cards and Banking Cards, Mini Personal Computers, Optical Fiber Cables, Set Top Boxes, WiFi Equipment, Solar Power Modules, and Data Center Hosting Services.
Current Status of ITI Share Price:
Currently, the ITI share price is trading at around Rs 125. In the year 2022, the company made sales of Rs 1,141.50 crore, making it a significant year for the company.
Investing in ITI Share:
If you are considering investing in ITI Share, it is important to conduct a thorough analysis of the company. As a company operating in the telecommunication equipment sector, ITI produces products for most of the equipment used in the IT sector. Therefore, a complete analysis will help you make an informed investment decision.
Understanding Company History:
Knowing the history of a company in which you are considering investing is crucial as it provides information about the company’s past performance. In the last 1 year, ITI Share has given a return of -8.3%. However, if we look at the last 3 years, it has given a return of 16.4%, and in the last 6 months, it has given a return of -16%.
Fundamental Analysis of ITI Share:
In terms of fundamental analysis, ITI Share has a market cap of Rs 14,163.47 crore and cash reserves of Rs 214 crore. The promoter’s holding in the company is 90.28%. The company has seen a sales growth of -21% and a profit growth of 980%. Its debt stands at Rs 1875.84 crore.
Technical Analysis of ITI Share:
From a technical analysis perspective, the current price of ITI Share is ₹125. Its 52-week high is ₹129, while the 52-week low is ₹81. Although the company’s recent performance in the stock market has been disappointing, it is important to note that in the last 1 year, it has given a return of -8.3%.
Studying the Latest News:
Once you have purchased shares of a company, it is important to stay updated with the latest news and updates related to that company. This is because such news can have an impact on the company’s value. For instance, ITI Limited has received awards such as the Pride of Karnataka Awards 2017 and India Excellence Awards 2017, which helped boost its share price to a high of Rs 155 in 2017.
Studying Competing Companies:
ITI Share operates in the IT communication and telecom sector. Some of its competing companies include HFCL, Astra Microwave, Black Box, GTL Infra, and Avantel.
Share Price Targets:
Looking ahead, ITI Shares have the potential for big targets due to their extensive product range and production aligned with the future. Here are the projected share price targets for different years:
– Share Price Target 2023: The first target is expected to reach Rs 150, and the second target could reach Rs 175.
– Share Price Target 2024: The first target is projected to reach Rs 230, while the second target could go up to Rs 260.
– Share Price Target 2025: The first target is anticipated to reach Rs 300, and the second target could reach Rs 330.
– Share Price Target 2030: The first target is expected to reach Rs 700, and the second target could go up to Rs 860.
Risks Associated with ITI Share:
One of the risks associated with ITI Share is the variation in product ranges, which can result in varying levels of profitability. Mass production tends to yield higher profits, whereas having a variety of products can lead to lower profit potential and may impact future growth.
My Reaction:
In my opinion, considering an investment in ITI Share could be worthwhile. The company’s production aligns with future demands in the IT and telecom sector, increasing the chances of future growth. However, it is essential to conduct thorough research and analysis before making any investment decisions.
Other Tips:
When investing in shares, it is crucial to consider the promoter’s holding in the company. Promoter holdings indicate the confidence of the company’s key officers and founders in its growth potential. Additionally, understanding the type of products a company manufactures and whether it focuses on mass production or offers a variety of products is important for assessing profit potential.
FAQs:
– What could be the ITI Share Price target by 2026? The first target is estimated to reach Rs 400, while the second target could go up to Rs 430.
– What is ITI Share’s dividend history? ITI Share has a dividend yield of 0%, indicating that the company does not currently provide dividends.
