Technical analyst PK Agarwal of Purpleline Investment is bullish on ITC Limited and has maintained 'hold' rating on the stock to attain a target of Rs 180.

Mr. Agarwal said that the stock can be purchased with a stop loss of Rs 163.

Today, the stock of the company opened at Rs 168.85 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 184.70 and a low of Rs 128.50 on BSE.

Current EPS & P/E ratio stood at 6.17 and 27.57 respectively.

FMCG major ITC Ltd has decided to export approximately Rs 30 crore worth of soyabean meal, a raw material for making poultry feed, to the Chinese market.

The company said that it will export 3,000 tonnes of soyabean meal to China.

For this, ITC has inked a deal with the China-based importer Yunnan Huijia Imp and Exp Co Ltd, which lead to export of Rs 30 crore in immediate terms.

In addition, ITC Ltd is eyeing more than 30% increase in the region covered under its social forestry plan by the next 5 years and hit a total of 1.50 lakh hectares.