ITC stock climbs nearly 5% as company to hold analyst meet next week

ITC shares surged nearly 5% to Rs 236 after the FMCG company announced on Thursday that it will hold its first analyst meet on 14 December 2021.

"The company will hold its 'Institutional Investors and Financial Analysts Day' on Tuesday, 14th December, 2021 from 10.30 am," the company informed in an exchange filing.

Stock market participants will look for demerger announcement or further guidance on demerger from ITC management at the analyst meet. The company has remained in spotlight for quite a while amid market buzz that the company's management is considering a demerger.

In March 2021, ITC clarified to the stock exchanges