ITC Share Price Target 2024-2050: Long-term Forecast & Analysis

ITC is an Indian conglomerate company. ITC is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

This detailed post will explore ITC’s share price targets from 2024 to 2050, using various technical analysis approaches to provide long-term forecasts and predict targets up to 2050.

Overview of ITC Limited

ITC Limited stands as one of India’s leading private sector companies, renowned for its diversified business portfolio. With operations spanning fast-moving consumer goods (FMCG), hotels, paperboards and packaging, agribusiness, and information technology, ITC has established itself as a formidable conglomerate. The company operates 13 distinct businesses across five key segments and exports its wide range of products to 90 countries. ITC’s products are available in over 6 million retail outlets, underscoring its extensive market reach.

ITC is also recognized as the second-largest FMCG company in India and ranks as the third-largest tobacco company globally by market capitalization.

Company Name	ITC Limited
Industry	Conglomerate
Founded	1910
Country	India
Official Website	www.itcportal.com

ITC Share Price Targets: 2024 to 2050 Snapshot

Projected ITC share price targets are estimated to reach ₹521 in 2024, ₹617 in 2025, ₹713 in 2026, ₹808 in 2027, ₹903 in 2028, ₹1,033 in 2029, ₹1,214 in 2030, ₹5,447 in 2040, and ₹24,447 by 2050.

Year	Minimum Price	Maximum Price
2024	₹ 499	₹ 521
2025	₹ 522	₹ 617
2026	₹ 618	₹ 713
2027	₹ 713	₹ 808
2028	₹ 809	₹ 903
2029	₹ 904	₹ 1,033
2030	₹ 1,026	₹ 1,214
2040	₹ 4,650	₹ 5,447
2050	₹ 21,075	₹ 24,447

ITC Share Price Targets: 2024 to 2050 Analysis

2024:

• Price Range: ₹499 – ₹521
  In 2024, ITC’s share price is expected to show steady growth, with a maximum target of ₹521. This reflects the company’s strong performance in its diversified businesses, particularly in the FMCG sector, where it continues to expand its market share.

2025:

• Price Range: ₹522 – ₹617
  The upward trend continues into 2025, with a potential price target of ₹617. ITC’s ongoing focus on innovation in its FMCG and agribusiness segments, along with strategic investments in new ventures, supports this positive outlook.

2026:

• Price Range: ₹618 – ₹713
  By 2026, ITC’s share price is projected to reach up to ₹713. This growth is likely driven by the company’s sustained expansion in its core segments, especially in the hotel and paperboards and packaging businesses, which are expected to benefit from economic recovery and increased demand.

2027:

• Price Range: ₹713 – ₹808
  In 2027, ITC is forecasted to cross the ₹800 mark, with a maximum target of ₹808. The company’s strong brand presence, coupled with its ability to adapt to changing consumer preferences, is anticipated to fuel this continued growth.

2028:

• Price Range: ₹809 – ₹903
  The momentum is expected to build further in 2028, with ITC’s share price potentially reaching ₹903. The company’s investments in sustainability and digital transformation are likely to enhance its competitive edge and drive long-term growth.

2029:

• Price Range: ₹904 – ₹1,033
  By 2029, ITC’s share price could exceed ₹1,000, with a maximum target of ₹1,033. This reflects the company’s resilience and adaptability in a dynamic market, as well as its leadership in key sectors such as FMCG and tobacco.

2030:

• Price Range: ₹1,026 – ₹1,214
  ITC’s share price is projected to rise to a maximum of ₹1,214 by 2030. The company’s consistent performance, underpinned by strong financials and strategic growth initiatives, positions it well for long-term success.

2040:

• Price Range: ₹4,650 – ₹5,447
  Looking ahead to 2040, ITC’s share price is expected to experience significant growth, with a potential maximum of ₹5,447. This long-term forecast reflects the company’s ability to maintain its leadership position across multiple industries, capitalize on new opportunities, and deliver sustained value to shareholders.

2050:

• Price Range: ₹21,075 – ₹24,447
  By 2050, ITC’s share price could reach an impressive ₹24,447. This projection underscores the company’s potential to evolve into a major global player, driven by its diversified business model, continuous innovation, and commitment to sustainability and corporate governance.

ITC Share Price Target 2024

If we look at the monthly forecast share price of ITC Limited, the bullish sentiment is likely to continue. According to technical data, by the end of this year, the share price for ITC is expected to reach a maximum of ₹521.

Months	Minimum Price	Maximum Price
September 2024	₹ 499	₹ 506
October 2024	₹ 505	₹ 512
November 2024	₹ 512	₹ 516
December 2024	₹ 517	₹ 521

• The initial price target for ITC Limited in 2024 is estimated to be ₹506.
• However, by the end of 2024, the price target is anticipated to rise to ₹521 driven by bullish market trends.

ITC Share Price Target 2025

Based on technical data, the minimum target share price for ITC is anticipated to be ₹531 with a maximum potential value of ₹617 per share.

Months	Minimum Price	Maximum Price
January 2025	₹ 522	₹ 531
February 2025	₹ 530	₹ 532
March 2025	₹ 531	₹ 543
April 2025	₹ 543	₹ 554
May 2025	₹ 555	₹ 567
June 2025	₹ 568	₹ 574
July 2025	₹ 575	₹ 589
August 2025	₹ 589	₹ 594
September 2025	₹ 594	₹ 601
October 2025	₹ 601	₹ 608
November 2025	₹ 608	₹ 612
December 2025	₹ 612	₹ 617

• The initial price target for ITC Limited in 2025 is estimated to be ₹531.
• With favorable market conditions, the mid-year price target for ITC Ltd. could reach ₹574.
• However, by the end of 2025, the price target is expected to reach ₹617 considering bullish market trends.

ITC Share Price Target 2026

Based on technical data, the minimum target share price for ITC is anticipated to be ₹627 with a maximum potential value of ₹713 per share.

Months	Minimum Price	Maximum Price
January 2026	₹ 618	₹ 627
February 2026	₹ 625	₹ 627
March 2026	₹ 626	₹ 638
April 2026	₹ 639	₹ 650
May 2026	₹ 650	₹ 662
June 2026	₹ 663	₹ 669
July 2026	₹ 670	₹ 685
August 2026	₹ 684	₹ 689
September 2026	₹ 689	₹ 696
October 2026	₹ 697	₹ 703
November 2026	₹ 703	₹ 707
December 2026	₹ 707	₹ 713

• The initial price target for ITC Limited in 2026 is estimated to be ₹627.
• With favorable market conditions, the mid-year price target for ITC Ltd. could reach ₹669.
• However, by the end of 2026, the price target is expected to reach ₹713 considering bullish market trends.

ITC Share Price Target 2027

Based on technical data, the minimum target share price for ITC is anticipated to be ₹722 with a maximum potential value of ₹808 per share.

Months	Minimum Price	Maximum Price
January 2027	₹ 713	₹ 722
February 2027	₹ 721	₹ 723
March 2027	₹ 721	₹ 734
April 2027	₹ 734	₹ 746
May 2027	₹ 745	₹ 758
June 2027	₹ 758	₹ 765
July 2027	₹ 766	₹ 780
August 2027	₹ 780	₹ 784
September 2027	₹ 785	₹ 792
October 2027	₹ 792	₹ 799
November 2027	₹ 799	₹ 802
December 2027	₹ 803	₹ 808

• The initial price target for ITC Limited in 2027 is estimated to be ₹722.
• With favorable market conditions, the mid-year price target for ITC Ltd. could reach ₹765.
• However, by the end of 2027, the price target is expected to reach ₹808 considering bullish market trends.

ITC Share Price Target 2028

Based on technical data, the minimum target share price for ITC is anticipated to be ₹817 with a maximum potential value of ₹903 per share.

Months	Minimum Price	Maximum Price
January 2028	₹ 809	₹ 817
February 2028	₹ 816	₹ 818
March 2028	₹ 817	₹ 830
April 2028	₹ 831	₹ 841
May 2028	₹ 841	₹ 854
June 2028	₹ 854	₹ 861
July 2028	₹ 863	₹ 876
August 2028	₹ 875	₹ 880
September 2028	₹ 881	₹ 888
October 2028	₹ 887	₹ 894
November 2028	₹ 894	₹ 898
December 2028	₹ 899	₹ 903

• The initial price target for ITC Limited in 2028 is estimated to be ₹817.
• With favorable market conditions, the mid-year price target for ITC Ltd. could reach ₹861.
• However, by the end of 2028, the price target is expected to reach ₹903 considering bullish market trends.

ITC Share Price Target 2029

Based on technical data, the minimum target share price for ITC is anticipated to be ₹913 with a maximum potential value of ₹1033 per share.

Months	Minimum Price	Maximum Price
January 2029	₹ 904	₹ 913
February 2029	₹ 912	₹ 914
March 2029	₹ 913	₹ 925
April 2029	₹ 925	₹ 936
May 2029	₹ 936	₹ 949
June 2029	₹ 950	₹ 956
July 2029	₹ 958	₹ 971
August 2029	₹ 971	₹ 972
September 2029	₹ 983	₹ 985
October 2029	₹ 999	₹ 999
November 2029	₹ 1,016	₹ 1,019
December 2029	₹ 1,031	₹ 1,033

• The initial price target for ITC Limited in 2029 is estimated to be ₹913.
• With favorable market conditions, the mid-year price target for ITC Ltd. could reach ₹956.
• However, by the end of 2029, the price target is expected to reach ₹1,033 considering bullish market trends.

ITC Share Price Target 2030

Based on technical data, the minimum target share price for ITC is anticipated to be ₹1,044 with a maximum potential value of ₹1,214 per share.

Months	Minimum Price	Maximum Price
January 2030	₹ 1,026	₹ 1,044
February 2030	₹ 1,035	₹ 1,061
March 2030	₹ 1,036	₹ 1,077
April 2030	₹ 1,054	₹ 1,091
May 2030	₹ 1,066	₹ 1,108
June 2030	₹ 1,083	₹ 1,117
July 2030	₹ 1,103	₹ 1,136
August 2030	₹ 1,124	₹ 1,141
September 2030	₹ 1,138	₹ 1,157
October 2030	₹ 1,156	₹ 1,173
November 2030	₹ 1,176	₹ 1,197
December 2030	₹ 1,193	₹ 1,214

• The initial price target for ITC Limited in 2030 is estimated to be ₹1,044.
• With favorable market conditions, the mid-year price target for ITC Ltd. could reach ₹1,117.
• However, by the end of 2030, the price target is expected to reach ₹1,214 considering bullish market trends.

ITC Share Price Target 2040

Based on technical data, the minimum target share price for ITC is anticipated to be ₹4,687 with a maximum potential value of ₹5,447 per share.

Months	Minimum Price	Maximum Price
January 2040	₹ 4,650	₹ 4,687
February 2040	₹ 4,690	₹ 4,762
March 2040	₹ 4,696	₹ 4,832
April 2040	₹ 4,776	₹ 4,896
May 2040	₹ 4,834	₹ 4,972
June 2040	₹ 4,908	₹ 5,013
July 2040	₹ 4,998	₹ 5,100
August 2040	₹ 5,094	₹ 5,123
September 2040	₹ 5,156	₹ 5,191
October 2040	₹ 5,241	₹ 5,266
November 2040	₹ 5,331	₹ 5,372
December 2040	₹ 5,408	₹ 5,447

• The initial price target for ITC Limited in 2040 is estimated to be ₹4,687.
• With favorable market conditions, the mid-year price target for ITC Ltd. could reach ₹5,013.
• However, by the end of 2040, the price target is expected to reach ₹5,447 considering bullish market trends.

ITC Share Price Target 2050

Based on technical data, the minimum target share price for ITC is anticipated to be ₹21,039 with a maximum potential value of ₹24,447 per share.

Months	Minimum Price	Maximum Price
January 2050	₹ 21,075	₹ 21,039
February 2050	₹ 21,258	₹ 21,375
March 2050	₹ 21,284	₹ 21,689
April 2050	₹ 21,648	₹ 21,976
May 2050	₹ 21,909	₹ 22,316
June 2050	₹ 22,248	₹ 22,499
July 2050	₹ 22,653	₹ 22,891
August 2050	₹ 23,087	₹ 22,995
September 2050	₹ 23,369	₹ 23,299
October 2050	₹ 23,755	₹ 23,637
November 2050	₹ 24,163	₹ 24,109
December 2050	₹ 24,514	₹ 24,447

• The initial price target for ITC Limited in 2050 is estimated to be ₹21,039.
• With favorable market conditions, the mid-year price target for ITC Ltd. could reach ₹22,499.
• However, by the end of 2050, the price target is expected to reach ₹24,447 considering bullish market trends.

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Recommendations: Should I invest in ITC Limited stock or sell it?

If you’re considering whether to invest in ITC Limited stock or sell it, it’s important to weigh the company’s overall strengths and the potential for future growth. ITC Limited is a diversified conglomerate with a strong presence in fast-moving consumer goods, hotels, paperboards and packaging, agribusiness, and information technology.

Given its broad business portfolio and solid market reputation, ITC is often viewed as a stable long-term investment. According to forecasts, the company’s stock is expected to show steady, though not exceptionally high, growth over time. This makes it a suitable choice for investors with a long-term horizon who prefer consistent returns.

However, if you’re looking for quicker gains or higher margins, you might find other stocks more appealing for short-term investments. ITC Limited is likely to deliver reliable but moderate returns, making it a solid but conservative choice for long-term investors. As always, it’s crucial to conduct your own research and consult with a financial expert before making any investment decisions.

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