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ITC gains 5% in two days on heavy volumes ahead of Q1 results on Friday

Analysts expect ITC's FMCG business to do well on the back of both foods and personal care segments.

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Analysts at Emkay Global Financial Services believe ITC’s cigarette business is witnessing a stronger recovery than peers.

SI Reporter Mumbai

2 min read Last Updated : Jul 23 2020 | 11:57 AM IST

Shares of ITC were up 2 per cent at Rs 201 in the intra-day trade on the BSE on Thursday, gaining 5 per cent in the past two days ahead of its April-June quarter (Q1FY21) earnings on Friday.

The counter has seen huge trading volumes with a combined 15.69 million equity shares changing hands on the NSE and BSE till 11:21 am. In comparison, the S&P BSE Sensex was up 0.35 per cent at 38,005 points.

Analysts expect ITC’s fast-moving consumer goods (FMCG) business to do well on the back of both foods and personal care, due to health and hygiene performing

Topics : Buzzing stocks Markets Sensex Nifty ITC Q1 results

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