2. ITC has been doing well for itself despite ban on cigarette advertisement. In order to counter recession it has expanded into food segment with successful brands like Bingo, Sunfeast and Aashirwad to name a few.
3. Moreover ITC is also experimenting with waste management and it has got encouraging results in its pilot projects.
4. Sharekhan has given a buy recommendation with a target price of Rs 206 and same is also corroborated by IndiaInfoline in its recommendation for the stock.