Page 6 - Itc Ltd

ITC demerger: Medium-term outlook intact; stk can hit Rs 550 to Rs 575 mark

While the medium-term outlook remains highly optimistic, the stock may remain choppy in the near-term

ITC surpasses HUL to become the most-valued FMCG stock after 4 years

Thus far in calendar year 2023, the share price of ITC has appreciated by 48 per cent, while HUL's stock price has gained 1.3 per cent and the Sensex 8.8 per cent, respectively.

Number of crorepati employees at ITC, HUL, United Spirits up nearly 25% YoY

At ITC, the number of crorepati employees jumped by 36 per cent year-on-year to 257 in FY23 from 189 in the previous year. In HUL, 205 managers earned more than Rs 1 crore in annual salary in FY23

What's cooking in ITC's kitchen that's made analysts bullish on the stock?

Analysts at Jefferies beleive the stock could top the Rs 600-mark, an upside of over 34 per cent from current levels

ITC Limited, Vidya Polymer submit resolution plans for Shakti Bhog

Shakti Bhog food which has defaulted on Rs 7,000 crore of bank loans

ITC hits new high, up for the 5th straight day; soars 32% so far in 2023

Analysts raised their cigarette volumes growth estimate for FY24E considering market share gains from illicit cigarettes as well as strong growth in high price cigarettes.

ITC slips 4% in 2 days post Q4 results but analysts remain bullish on stock

Thus far in the calendar year 2023, the stock has outperformed the market by surging 25 per cent, as compared to 0.55 per cent gain in the S&P BSE Sensex.

ITC net profit rises 23.35% to Rs 5,175 crore in Q4FY23, beats estimates

The ITC stock closed at Rs 419.65 on the BSE, down 1.87 per cent

FMCG index likely to hit 50,000; ITC, Britannia, Marico may rally up to 20%

The FMCG index has risen 10 per cent since the start of the current year, with ITC, Nestle India, Radico Khaitan, and Varun Beverages zoomed 31 per cent, 12 per cent, 11 per cent and 10 per cent each

ITC extends rally, hits new high; surges 25% so far in calendar year 2023

Thus far in calendar year 2023, ITC surpassed Infosys, HDFC, SBI, Bharti Airtel, Adani Enterprises and Life Insurance Corporation of India (LIC) in market-cap ranking.

TMS Ep 418: IT attrition, Covid-19 wave, ITC stock, heatwave

How is Indian IT dealing with high attrition rate? Can India shrug off the Covid-19 wave? Does the rally in ITC stock have more legs? What is a heatwave? All answers here

ITC hits new high, tops Rs 400-mark; stock doubles in less than two years

FPIs have increased their stake in ITC for the third straight quarter to 12.87 per cent at the end of March 2023 quarter.

ITC, Nestle India: Fresh breakouts to assist FMCG index reach historic peak

FMCG stocks may rise up to 17% once the index hits a new all-time high

ITC hits new high on hopes of solid Q4 show; Market-cap nears Rs 5-trn mark

The consistent good growth in the cigarette business, strong tailwinds in the hotel business and scale-up in non-cigarette FMCG business makes its earning visibility better compared with peers.

Britannia, ITC, Radico: These FMCG stocks may act as hedge in current fall

Selective FMCG stocks may rise up to 11 per cent, even if broader market loses more ground

ITC up 2%, hits record high; stock gallops over 19% from Budget Day low

The FMCG index too was seen outperforming the BSE benchmark in Thursday trade with a gain of nearly 1 per cent.

Fortune Park Hotels to add 15 new properties in next two-and-a-half yrs: MD

ITC group firm Fortune Park Hotels Ltd plans to add 15 new properties with 1,500 rooms in the next two-and-a-half years to its portfolio as part of its expansion across India, according to company Managing Director Samir MC. The hospitality firm, which currently has 42 properties with room inventory of around 3,200, is looking to cater to a strong domestic demand in smaller cities and also from pilgrimage tourism. "In a country like ours, we are very high on domestic travel, and that will just continue increasing at a higher rate than what the inbound would increase. So, definitely for a chain like ours, that's a key factor which defines our strategy of growth," Samir told PTI. Hence, he said, "We look at growing into various parts of the country, whether it's Tier one, Tier two, Tier three." Given the fact Fortune Park Hotels is a "hardcore Indian company", Samir said it understands the Indian consumers, their expectations and the behaviours very well, besides the cultural element

ITC gains 3% a day ahead of turning ex-dividend; stock nears record high

With a modest 1 per cent increase in duty on cigarettes and improving outlook for FMCG and Hotels, brokerages think ITC is well positioned for a strong FY24.

Britannia, ITC: Bet on FMCG stocks as index poised to record historic peak

A new all-time high on Nifty FMCG index may trigger up to 25 per cent upside in selective stocks

ITC Q3 PAT up 12% to Rs 5,031 cr, declares interim dividend of Rs 6/share

Revenue from operations increased by 0.8% to Rs 17,122.15 crore from Rs 16,971.18 crore in the previous fiscal quarter