Stock of Lupin is showing sign of oversold on RSI indicator. Breakout from the level of 638 would lead stock to witness more upward movement.
The company's financial capacity to address any contingencies is also a consideration while declaring surplus cash as dividend
Design framework and tax evasion pose counter challenges
The Centre currently owns 4.71% in Axis Bank and 7.93% in ITC through SUUTI
From financial services to manufacturing firms, corporate leaders are taking steps to ensure diversity and inclusiveness
As of now, the psychological support of 11,000 level would be tested and the big question would be whether the index sustains or breaches that level
For ITC, keep a stop at 196.5 and go long
Mondelez pushes its biscuit brand out of the playpen, looks for a more meaningful association with consumers
Ailing telecom player Vodafone Idea slipped over 11 per cent to Rs 2.91 apiece on the BSE after the Supreme Court dismissed its plea seeking relief from revocation of its bank guarantee
Last week, ITC increased cigarette prices by 10-20 per cent across some of its brands in all of its markets.
Price increase brought on by spike in National Calamity Contingency Duty announced in Budget
Nearly all FMCG companies like Marico, HUL, ITC and the rest have been indicating that the operating environment has been challenging, with drop in consumption, especially in rural areas
The company's chocolate products, which were launched in 2016, are available only in six cities - Bengaluru, Delhi, Mumbai, Kolkata, Chennai, and Hyderabad
In the past 12 months, shares of ITC have underperformed the market by falling 22 per cent against 7 per cent rise in the Nifty50 index. The NIfty FMCG has remained unchanged during the period
Investor concerns are not without reason, considering the cigarette business accounted for 84.7% of ITC's consolidated earnings before interest and tax in 2018-19
Market breadth remained in favour of declines as out of 2,645 companies traded on the BSE, 966 advanced and 1,495 declined while 184 remained unchanged
The company said that the macro-economic environment continues to be adversely impacted as reflected in GDP growth, and persistent weakness in consumption demand and investments
The company had posted a net profit of Rs 3,136.95 crore in the October-December quarter of the previous fiscal
In view of the ongoing slowdown, which has impacted demand in rural India, ITC doubled its rural stockist network in the current fiscal year
Analysts at KRChoksey expect the company's top line (sales/revenue) to grow 5.7 per cent YoY and 1.8 per cent QoQ to Rs 12,080 crore.