Page 3 - Itc Ltd

ITC down 1% ahead of ex-date for hotel business on Monday, January 6

As per the demerger scheme, eligible shareholders will receive one share of ITC Hotels for every 10 shares held in ITC, with an effective record date of January 6, 2025

Stocks to Watch, January 1, 2025: Auto stocks, ITC, Sun Pharma, Piramal Ent

The previous session closed out 2024 with mixed sentiments. Despite a strong recovery from intraday lows, the benchmarks ended in the red, weighed down by losses in IT & select banking shares

ITC demerger: Analysts upbeat on ITC share outlook; support seen at Rs 442

Technically, ITC is seen trapped in a thin range of Rs 460 - Rs 490 for now. Meanwhile, analysts at SBI Securities are optimistic of ITC's prospects post demerger and see 15% upside for the stock.

Chandan Taparia of MOFSL recommends buying these stocks on Dec 26

Lupin stock has broken out of a triple bottom pattern on the daily chart. It has also crossed above its key moving average suggesting bullish sentiment

How to trade ITC stock in the run-up to Jan 1 hotel demerger date

ITC stock surged over 88 per cent after the company's board approved the hotel demerger in August 2023; at present levels, the stock is down 11 per cent from its peak. Key levels to watch out now.

ITC sets Jan 1 as effective date for hotel biz demerger; stk up 3% from low

ITC share price: The Hotels Business of ITC has matured over the years and is well poised to chart its own growth path and operate as a separate listed entity

FMCG stocks rebound; ITC, HUL rally up to 5% from intra-day lows

Thus far in the calendar year 2024, the FMCG index was up 1.4 per cent, as against 13.5 per cent rally in BSE Sensex.

ITC ramps up cultivation of medicinal, aromatic plants for market expansion

ITC Agri Business Division is encouraging the cultivation of medicinal and aromatic plants to expand the conglomerate's presence in the fast-growing health and wellness products market in the food, personal care and other categories. The agri-division of ITC is working with farmers and helping them to diversify their crops by encouraging them to cultivate high-demand crops like Ashwagandha, Tulsi, and Kalonji in Madhya Pradesh and turmeric in southern states. Through this initiative, ITC looks to meet its requirements by chasing its FMCG ambitions and also leverages the B2B nutraceuticals space, bridging the demand-supply gap in the market, which has evolved rapidly after the pandemic. "As a part of the ITC Next strategy, the company's Agri-Business Division has pivoted its strategic focus towards rapidly scaling up its value-added Agri Products (VAAP) portfolio to accelerate growth and competitiveness. In line with the larger ITC NextGen Agriculture vision, we are focusing on ...

ITC, Varun Beverages slip 5% on buzz of 35% GST on tobacco, aerated drinks

According to reports, the Group of Ministers (GoM) on GST rate rationalisation on Monday recommended a new slab of 35 per cent for tobacco, tobacco products and aerated drinks.

HUL, Asian Paints: Consumption-related stocks take a hit as inflation bites

Higher inflation and lower purchasing by consumers, it seems, has taken a bite out of consumption-related stocks at the bourses, with most counters losing ground in the last few months

ITC share price up 5% after Q2 results; Analysts say 'Buy', revise target

ITC's consolidated profit for the period came in at Rs 5,054.4 crore, up 1.8 per cent year-on-year (Y-o-Y), from Rs 4,964.5 crore in the same quarter a year ago (Q2FY24).

Market Today: Afcons Infra IPO opens today, IndiGo Q2, Gold at record, FIIs

The GIFT Nifty indicated a flat start, with an uptick of 12 points at 6:35 AM, trading at 24,464.5

Stocks to Watch, October 25: JSW Steel, NTPC, ICICI Bk, BoB, Axis Bank, IEX

At 7:28 AM, GIFT Nifty indicated a flat opening as it was trading about 3.5 points lower at 24448.50 levels, as against Nifty Futures last close of 24,452.

ITC Q2 results: Net profit rises 1.8% to Rs 5,054.43 cr; revenue up 15.6%

Diversified entity ITC Ltd on Thursday reported an 1.8 per cent increase in consolidated net profit to Rs 5,054.43 crore for the second quarter ended September 2024. The company had posted a consolidated net profit of Rs 4,964.52 crore in the year-ago period, according to a regulatory filing from ITC. ITC's revenue from operations jumped 15.62 per cent to Rs 22,281.89 crore in the September quarter. It was Rs 19,270.02 crore in the corresponding quarter of the previous fiscal. The total expenses were 20.92 per cent higher in the September quarter to Rs 16,056.86 crore. ITC's revenue from operations grew 15.62 per cent to Rs 22,281.89 crore in the second quarter of FY25. The total income of ITC, which includes other income, rose 14.86 per cent to Rs 22,897.85 crore. It was Rs 19,934.9 crore a year ago. Shares of ITC Ltd on Thursday settled at Rs 471.85 per scrip on BSE, down 1.81 per cent from its previous close.

Market Today: ITC Q2, FII selling, Waaree, Deepak Builders IPO allotment

Investors will closely monitor quarterly earnings reports alongside manufacturing, composite, and services data for October

ITC, HUL, Airtel among 5 Nifty stocks to avoid as market bounces back

There 5 Nifty 50 stocks are struggling below the short-term moving average and given downside breakout on the super trend line; hence may see limited gains in case of a pullback, suggest tech charts.

India, US should aim to enhance agricultural productivity: ITC official

India and the US should aim to enhance agricultural productivity, improve food distribution system, and ensure the usage of sustainable practices to strengthen ties in the agri sector, a senior ITC official said. Both countries should leverage their respective strengths and forge strategic partnerships in the sector, ITC Agri Business Division V P Sanjeev Bhat said at an event here. "The US and India should aim to enhance agricultural productivity, improve food distribution system and ensure sustainable food security solution," he said during a panel discussion in the Indo-US Economic Summit organised by the Indo-American Chamber of Commerce (IACC). Now, India majorly exports seafood, rice and plants to the US and this trade is growing at a three-year CAGR of 20-30 per cent, Bhat said. Currently, India and the US do not have any trade agreement, however, starting from January 2024, both countries have established a Trade Policy Forum (TPF) for trade promotions. The US is the secon

ITC Q1 Preview: Weakness in agri, paperboard sectors may dent Ebitda margin

On the bourses, ITC stock has rallied 14.1 per cent over the past month. The stock hit an all-time high of Rs 510.60 on July 24, 2024. This was the first instance of ITC stock crossing Rs 500-mark.

ITC chairman announces investment of Rs 20,000 cr for 'medium term'

Company has 'unwavering confidence' in country's economic growth, says Sanjiv Puri

Viksit Bharat Budget 2024: ITC jumps 5% as govt keeps sin tax unchanged

The stock price of cigarettes-to-hotels conglomerate was trading at its highest level since July 2023 and was 2 per cent shy from its record high level of Rs 499.60 touched on July 24, 2023.