Shares of ITC rallied as much as 4.37 per cent to Rs 175.20 apiece on the BSE on Monday after reports said global brokerage firm CLSA has upgraded the stock to "Buy" from "Outperform" with the target price of Rs 220 per share.
At 11:05 AM, the stock was trading over 2.75 per cent higher at Rs 172.50 on the BSE against Friday's close of Rs 167.85. In comparison, the benchmark S&P BSE Sensex was trading 0.5 per cent higher at 40,712 levels.
The stock of ITC had hit a 52-week high of Rs 266.2 on November 11, 2019 while