Technical analyst Mitesh Thacker is of the view that investors can `buy' ITC Ltd stock with intraday target between Rs 295 and 300.

According to analyst, the interested investors can purchase the stock with stop loss of Rs 277.

The stock of the company, on May 28, closed at Rs 55.10 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 123.60 and a low of Rs 53 on BSE.

Current EPS & P/E ratio stood at 34.52 and 16.29 respectively.

FMCG major ITC has bought an additional 1.54% equity stake in Hotel Leelaventure Ltd via its wholly owned investment arm Russell Credit.

After acquiring the 1.545 stake, ITC's consolidated holding in Hotel Leelaventure surged to more than 10%.

Analysts said that Russell Credit will be capable of making new investments with the proceeds from the inter-se transfer.

The new deal could have caused Russell Credit around Rs 28-30 crore.

Strengthened by a 24% growth in its post-tax profit in the last fiscal, the company has decided to reward its stockholders with a dividend of Rs 10 a share of Rs 1 each, comprising a special centenary dividend of Rs 5.50 a share.

The board is also thinking over the issue of bonus shares.

A board meeting will take place on June 18 to consider this issue and that of an increase in the authorized capital.

Now ITC focuses on four business groups, which include FMCG, hotels, paperboards, paper and packaging and agri-business.