Shares of ITC were trading nearly 1 per cent lower on the BSE ahead of its December quarter results due to be announced later today
ITC stock is struggling to conquer the resistance of Rs 215 to Rs 220 levels. The downside support stays at Rs 200
Fears a 2018-like episode when the foreign shareholder blocked proposal to issue Esops
After the breakdown below 200-day moving average (DMA) in June 2019, this is the second attempt that the stock is making to conquer the significant moving averages
Four months since unlock began, demand for essentials remains robust but the frenzy is dying down
Key monitorables include cigarette volume growth, outlook on hotel, and paper businesses.
Here are the levels for the key underperformers during the recent rally you need to keep a tab on
ITC would respond with agility to strengthen its market standing while sharply focusing on cost reduction measures, Puri reassured shareholders
The company said its cigarettes business clocked a revenue of Rs 4,330.05 crore in the first quarter, against Rs 6,141.92 crore a year ago
Its total expenses stood at Rs 8,484.93 crore in Q4 FY 2019-20, down 3.14 per cent as against Rs 8,760.36 crore
All that happened in the markets today
During the period under review, ITC's stock surged dipped 27.7 per cent as compared to a 9 per cent fall in the NIfty FMCG index.
B Sumant, executive director, ITC, tells that the company has always been 'vocal for local'
Unibic India's chief executive officer (CEO) Srini Vudayagiri attributes the surge in growth rate in April-May to pantry loading as well as increase in in-home consumption
Interestingly, all the 50 Nifty components have delivered positive gains during this period.
Here are the top 10 headlines on Tuesday morning
The reason is the "well-oiled system" that exists right now, preventing farmers from approaching buyers directly.
The Union Health Ministry on Monday notified a new set of enhanced health warning to be printed on packets of all tobacco products
Firm's acquisition of Kolkata-based Sunrise Foods is a step forward in its bid to strengthen spice business
A 55-ml pack of ITC's Savlon, on the other hand, will now be available for Rs 27 versus Rs 77 earlier