ITC Limited
ITC.NS
₹266.60
▲ 4.34%
ITC shot up 4.34% to ₹266.60 on news that its IT arm, ITC Infotech, will acquire a 22.1% stake in Happiest Minds Technologies for ₹13.3 billion (about $140 million), valuing the deal at an average of ₹395 per Happiest Minds share. The transaction is structured as a Scheme of Amalgamation, with ITC Infotech shares to be allotted to Happiest Minds shareholders in a 25-for-81 ratio, after which ITC is expected to hold roughly 73.4% of the combined entity, which will list separately post-merger. The combined business is targeting $1 billion in revenue by FY28 with a workforce of over 19,000 serving more than 800 clients across 30-plus countries, positioning it as an AI-first global technology services player. Despite today's pop, the stock has had a rough multi-year stretch with a one-year CAGR of -34.31%, though the 33 analysts covering it maintain a buy consensus with an average target of ₹327.
CAGR Performance
| 1 Year | 2 Years | 5 Years | 10 Years |
|---|---|---|---|
| -34.31% | -26.35% | 5.73% | 0.59% |
Analyst Consensus
Average Target Price: ₹327.00 (range ₹270.00 - ₹440.00) based on 33 analysts
Strong Buy: 9
Buy: 8
Hold: 14
Sell: 1
Strong Sell: 2
Related News
| Aug 31, 2026 | ITC Says ITC Infotech India To Buy 22.106% Equity In Happiest Minds For 13.3 Bln Rupees |
| Aug 17, 2026 | ITC Limited Share Price Falls 1.76% Today (Aug 17, 2026) |
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