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Stock Picks : Titan Company Limited And ITC Ltd By ICICI Direct Titan Company Limited  Buy Titan Company Limited @3065-3068; Target 3098.00; Stop Loss 3049.00   ITC Ltd Sell ITC Ltd @ 445.50-446.50; Target 441.00; Stop Loss 449.20   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of the website...
Stock Picks : Titan Company Limited And ITC Ltd By ICICI Direct
Stock Picks : Titan Company Limited And ITC Ltd By ICICI Direct
Source: ICICI Direct
28/08/2023 10:25:36 AM
Decarbonisation gaining pace but have to learn to survive in hot new world: Sanjiv Puri  Decarbonisation is gaining currency though the benefits of this will be available only decades later, so we have to learn to survive and do well in the hot new world, ITC Ltd Chairman and Managing Director Sanjiv Puri said on Sunday. In his remarks at the session on ESG for Business Resilience: A Revolutionary Approach at B20 Summit India organised by the CII, Puri also said that the extreme climate change events that have plagued the world are "here to stay" and the compan...
Decarbonisation gaining pace but have to learn to survive in hot new world: Sanjiv Puri
Decarbonisation gaining pace but have to learn to survive in hot new world: Sanjiv Puri
Source: IANS
28/08/2023 9:30:09 AM
Buy ITC Ltd For Target Rs.565 - JM Financial Institutional Securities Not game-changing but signals sharper capital-allocation focus ITC’s proposal to demerge its Hotels business (c.3% of segment EBITDA, >20% of segment capital employed) is not exactly a game-changer, in our view, but definitely points towards a sharper capital allocation strategy. The principle, we believe, is that the Hotels business should not be starved of capital simply because ITC’s shareholders at large are unhappy with the cash and ROCE drag from its presence in the se...
Buy ITC Ltd For Target Rs.565 - JM Financial Institutional Securities
Buy ITC Ltd For Target Rs.565 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
19/08/2023 11:07:02 AM
Buy ITC Ltd For Target Rs. 535 - Emkay Global Financial Services Ltd We hold a positive stance on ITC, heartened by its improved management execution, ahead-of-time investment in businesses, and leadership position in most segments. Overall revenue fell 8% in Q1, while growing 11% adjusted for Agri revenue; Cigarettes net sales grew 11% (volume growth estimate: ~8%) and Other FMCG sales growth was a healthy 16%. Cigarettes EBIT grew 11% YoY (as it navigates margin pressure well), with EBIT margin at 74.2%, up by ~20bps YoY. Other FMCG EBITDA margin stands at 1...
Buy ITC Ltd For Target Rs. 535 - Emkay Global Financial Services Ltd
Buy ITC Ltd For Target Rs. 535 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services
17/08/2023 12:17:34 PM
Buy ITC Ltd Target Rs. 535 - Religare Broking Decent performance on top-line (ex-Agri business) ITC’s top-line witnessed de-growth (incld agri business) while margins saw strong improvement. Its gross revenue declined by 6% YoY and 2.2% QoQ to Rs 18,639.5cr while net revenue declined by 7.2% YoY and 2.7% QoQ to Rs 17,164.5cr but ex-agri its revenue grew by 10.6% YoY. The muted growth in revenue as compared to last year was because of de-growth in its Agri & paperboards segments while except that the overall performance was stro...
Buy ITC Ltd Target Rs. 535 - Religare Broking
Buy ITC Ltd Target Rs. 535 - Religare Broking
Source: Religare Broking Ltd
16/08/2023 2:28:52 PM
ITC gains on reporting 16% rise in Q1 consolidated net profit ITC is currently trading at Rs. 453.30, up by 4.35 points or 0.97% from its previous closing of Rs. 448.95 on the BSE. The scrip opened at Rs. 451.90 and has touched a high and low of Rs. 457.40 and Rs. 448.45 respectively. So far 150469 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 499.60 on 24-Jul-2023 and a 52 week low of Rs. 308.65 on 29-Aug-2022. Last one week high and low of the scrip stood at Rs. 459.75...
ITC gains on reporting 16% rise in Q1 consolidated net profit
ITC gains on reporting 16% rise in Q1 consolidated net profit
Source: Accord Fintech
16/08/2023 10:18:40 AM
ITC gross revenue (ex-Agri Business) up 10.6% YoY; PBT at Rs. 6,546 crores, up 18.2% YoY Amidst a challenging operating environment and high base effect in some of its operating segments, ITC sustained its strong growth momentum during the quarter driven by focus on customer centricity, accelerated digital adoption, execution excellence and agility. Gross Revenue stood at Rs. 16,843 crores representing a de-growth of 7.3% YoY (ex-Agri Business: up 10.6%) while PBT at Rs. 6,546 crores grew by 18.2% YoY. PAT grew by 17.6% YoY to Rs. 4,903 crores. Earnings Per Share for the quart...
ITC gross revenue (ex-Agri Business) up 10.6% YoY; PBT at Rs. 6,546 crores, up 18.2% YoY
ITC gross revenue (ex-Agri Business) up 10.6% YoY; PBT at Rs. 6,546 crores, up 18.2% YoY
Source: IANS
15/08/2023 8:59:49 AM
ITCMAARS will be a gamechanger for NextGeneration Agriculture: Sanjiv Puri In the company's 112th AGM address Sanjiv Puri, Chairman and Managing Director, ITC Ltd, shared his vision on ITC: Nation First - Transforming for our Shared Tomorrows. The ITC Next strategy seeks to harness this potential and address the imperatives of fostering demand-responsive agriculture, accelerating value-addition, enhancing productivity, quality and farm incomes, strengthening competitiveness and tackling vulnerabilities arising from climate risks, Puri said. The purposeful ...
ITCMAARS will be a gamechanger for NextGeneration Agriculture: Sanjiv Puri
ITCMAARS will be a gamechanger for NextGeneration Agriculture: Sanjiv Puri
Source: IANS
11/08/2023 2:24:14 PM
Buy ITC Ltd For Target Rs. 525 - Emkay Global Financial Services Ltd Our positive stance on ITC relies on strong execution across business segments for which we remain upbeat. We maintain BUY on ITC with Jun-24E SoTP-based TP of Rs525/sh. Mgmt has been addressing concerns on capital allocation, where Hotels business unlocking is part of the arrangement. While value unlocking owing to demerger of the Hotels business is unlikely to be material, we see improvement in ITC’s returns profile, post demerger of hotel operations. Key clarifications with regard to...
Buy ITC Ltd For Target Rs. 525 - Emkay Global Financial Services Ltd
Buy ITC Ltd For Target Rs. 525 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
1/08/2023 11:11:48 AM
Analyst firms bullish on ITC, revises target price to Rs 565, citing strong long-term upside potential Post the ITC demerger announcement, despite the immediate drop in share price several analyst firms have maintained a positive outlook on the company due to the unlocking of value, sharper capital allocation and huge potential for the company's diverse businesses. Broking and investment firm JM Financial has maintained a positive sentiment on ITC with a price target of Rs 565 as it foresees huge potential in the FMCG businesses of the company which will get unlocked in the years to com...
Analyst firms bullish on ITC, revises target price to Rs 565, citing strong long-term upside potential
Analyst firms bullish on ITC, revises target price to Rs 565, citing strong long-term upside potential
Source: IANS
27/07/2023 12:28:58 PM
India`s ITC extends slide on plan to keep hotel business stake post spinoff Shares of Indian conglomerate ITC shares fell as much as 3.3% on Tuesday, extending a slide from the previous session, as investors baulked at the company's plans to retain a 40% stake in its hotels business after spinning it off. ITC said on Monday it would spin off the hotel business, separating it from its cigarettes and food units, but retain a 40% stake in the new entity, with ITC shareholders holding the rest. The company's stock ended nearly 4% lower on Monday. "W...
India`s ITC extends slide on plan to keep hotel business stake post spinoff
India`s ITC extends slide on plan to keep hotel business stake post spinoff
Source: Accord Fintech
25/07/2023 10:26:33 AM
ITC stock slumps after approval to demerge hotels business into new entity The ITC stock slumped more than 3 per cent after the news of hotels business demerger. The stock was down 3.37 per cent at Rs 473 on the BSE. The Board of Directors of ITC Limited at its meeting held on Monday evaluated and discussed various alternative structures for the hotels business towards crafting the next horizon of growth as also enhancing value creation for all stakeholders. The Board noted that the hotels business had matured over the years and is well poised to chart its ...
ITC stock slumps after approval to demerge hotels business into new entity
ITC stock slumps after approval to demerge hotels business into new entity
Source: IANS
24/07/2023 3:41:47 PM
Buy ITC Ltd For Target Rs. 525 - Emkay Global Financial Services Ltd We maintain our BUY recommendation on ITC with Jun-24E target price of Rs525/share, as we see firm structural prospects. From the core cigarette business perspective, we expect rational tax hikes ahead, given higher share of the ad-valorem component leading to build-up of volumes, which along with improving mix would aid a high-single-digit EBIT growth. In non-cigarette operations, we continue to see profitable growth and improving return profile, where segments are self-sufficient to address...
Buy ITC Ltd For Target Rs. 525 - Emkay Global Financial Services Ltd
Buy ITC Ltd For Target Rs. 525 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
18/07/2023 3:30:47 PM
ITC Next strategy enables robust growth under CMD Sanjiv Puri's leadership ITC, despite facing a challenging business environment, has demonstrated strong performance across all operating segments as a result of its ITC Next strategy. The diversified conglomerate recently released its Annual Report for FY 2022-23, showcasing impressive financial results. The company achieved gross revenue of Rs 69,480.89 crores, reflecting a growth of 17.6 per cent. Furthermore, EBITDA increased by 26.5 per cent to Rs 23,944.47 crores. Profit Before Tax and Exceptional items r...
ITC Next strategy enables robust growth under CMD Sanjiv Puri's leadership
ITC Next strategy enables robust growth under CMD Sanjiv Puri's leadership
Source: IANS
11/07/2023 8:21:14 PM
ITC focuses on ITCMAARS, climate smart solutions & value addition to promote next generation agriculture In line with its commitment to harness the power of cutting-edge digital technologies and unlock the potential of India's farmers, ITC had launched ITCMAARS (Metamarket for Advanced Agriculture and Rural Services). This 'phygital' ecosystem will empower the farming community and FPOs by delivering hyperlocal and personalised solutions by synergistically integrating NextGen agri-technologies. Towards enhancing the competitiveness of domestic agri-value chains, strengthening m...
ITC focuses on ITCMAARS, climate smart solutions & value addition to promote next generation agriculture
ITC focuses on ITCMAARS, climate smart solutions & value addition to promote next generation agriculture
Source: IANS
11/07/2023 2:16:04 PM
ITC moves up on acquiring preference shares in Mother Sparsh ITC is currently trading at Rs. 447.85, up by 2.70 points or 0.61% from its previous closing of Rs. 445.15 on the BSE. The scrip opened at Rs. 444.05 and has touched a high and low of Rs. 450.40 and Rs. 444.05 respectively. So far 179703 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 455.90 on 19-Jun-2023 and a 52 week low of Rs. 268.95 on 28-Jun-2022. Last one week high and low of the scrip stood at Rs. 451.45...
ITC moves up on acquiring preference shares in Mother Sparsh
ITC moves up on acquiring preference shares in Mother Sparsh
Source: Accord Fintech
28/06/2023 12:30:15 PM
Neutral ITC Ltd For Target Rs.450 - Yes Securities Margins to play a key part in driving FY24 earnings growth ITC Ltd. (ITC) 4QFY23 revenues were largely in-line with our estimate, as miss on cigarette volume was compensated by decent sequential improvement in Agri business revenues (driven by growth in value-added agri products and leaf tobacco exports) along with strong growth in Hotels. EBITDA margin (EM) improvement for the FMCG-Other segment to its highest ever level was a big positive (with 13.3% EM in 4Q, it ended the year at 10.2% ...
Neutral ITC Ltd For Target Rs.450 - Yes Securities
Neutral ITC Ltd For Target Rs.450 - Yes Securities
Source: Yes Securities Ltd
3/06/2023 11:39:13 AM
Buy ITC Ltd For Target Rs.475 - JM Financial Institutional Securities Strong delivery in FMCG; cigarettes mostly on expected lines ITC’s Mar-Q earnings continued to be strong with a very impressive delivery in FMCG on both growth and profitability fronts. Cigarettes performance was mostly on expected lines, with volumes continuing to grow in double-digit helped also by continued clawback from the illicit trade. A very strong growth in FMCG (resumption of education institutions helped) and continued buoyancy in Hotels led to a >60% growth in non-ciga...
Buy ITC Ltd For Target Rs.475 - JM Financial Institutional Securities
Buy ITC Ltd For Target Rs.475 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
30/05/2023 3:37:58 PM
Stock of the day: Buy ITC Ltd For Target Rs. 448 - Religare Broking ITC Ltd * We’re seeing consistent trend in the FMCG space and ITC is leading from the front. * Trading around the record high while holding firmly above the 20 EMA. * Formed a fresh buying pivot while consolidating in a narrow range. * Traders can consider fresh longs in the given range. Buy ITC Ltd CMP 429.15 ; Range 428-431; SL 419; Target 448   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at ...
Stock of the day: Buy ITC Ltd For Target Rs. 448 - Religare Broking
Stock of the day: Buy ITC Ltd For Target Rs. 448 - Religare Broking
Source: Religare Broking Ltd
24/05/2023 10:47:31 AM
ITC moves up on inaugurating consumer goods manufacturing, logistics facility in Odisha ITC is currently trading at Rs. 428.10, up by 3.35 points or 0.79% from its previous closing of Rs. 424.75 on the BSE. The scrip opened at Rs. 425.05 and has touched a high and low of Rs. 428.65 and Rs. 424.15 respectively. So far 112808 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 433.45 on 08-May-2023 and a 52 week low of Rs. 258.05 on 17-Jun-2022. Last one week high and low of the scrip stood at Rs. 432.50...
ITC moves up on inaugurating consumer goods manufacturing, logistics facility in Odisha
ITC moves up on inaugurating consumer goods manufacturing, logistics facility in Odisha
Source: Accord Fintech
23/05/2023 10:25:17 AM
Neutral ITC Ltd For Target Rs. 451 - Religare Broking Ltd Revenue was a mixed bag: ITC posted mixed gross revenue growth for Q4FY23 wherein QoQ remained flat as its largest earning segment; cigarettes revenue saw flattish growth while improvement was seen in FMCG, Hotels and FMCG business. However, as compared to last year gross revenue improved by 7.3% YoY to Rs 19,058cr led by improvement in demand and sales for its FMCG products, hotels and Cigarettes while agri and paperboards business was muted. For FY23, gross revenue reported at Rs 76,518cr, ...
Neutral ITC Ltd For Target Rs. 451 - Religare Broking Ltd
Neutral ITC Ltd For Target Rs. 451 - Religare Broking Ltd
Source: Religare Broking Ltd
21/05/2023 11:36:21 AM
Neutral ITC Ltd Target Rs. 451 - Religare Broking Revenue was a mixed bag: ITC posted mixed gross revenue growth for Q4FY23 wherein QoQ remained flat as its largest earning segment; cigarettes revenue saw flattish growth while improvement was seen in FMCG, Hotels and FMCG business. However, as compared to last year gross revenue improved by 7.3% YoY to Rs 19,058cr led by improvement in demand and sales for its FMCG products, hotels and Cigarettes while agri and paperboards business was muted. For FY23, gross revenue reported at Rs 76,518cr, ...
Neutral ITC Ltd Target Rs. 451 - Religare Broking
Neutral ITC Ltd Target Rs. 451 - Religare Broking
Source: Religare Broking Ltd
20/05/2023 12:05:15 PM
Stock of the day: Buy ITC Ltd For Target Rs. 485- Motilal Oswal Financial Services Strong momentum continues; healthy volume growth * ITC reported healthy cigarette volume growth of ~12% v/s expectation of 13%. The 3-year/4-year average volume growth stood at 9.3%/4.3%, indicating strong demand momentum. With no material increase in cigarette GST/national calamities duty in the recent budget, the volume growth outlook remains healthy. * Unlike its staples peers, ITC has reported consistent impressive performance in its Other FMCG business (~19% revenue growth and marg...
Stock of the day: Buy ITC Ltd For Target Rs. 485- Motilal Oswal Financial Services
Stock of the day: Buy ITC Ltd For Target Rs. 485- Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
19/05/2023 1:51:11 PM
ITC reports strong growth momentum across operating segments for quarter, year ended March 2023 The Board of Directors of ITC will recommend for shareholders' approval, a special dividend of Rs 2.75 per share in addition to the final dividend of Rs 6.75 per share for the financial year ended March 31, 2023. Together with the interim dividend of Rs 6 per share paid on March 3, total dividend for the financial year ended March 31, 2023 amounts to Rs 15.50 per share (FY22: Rs 11.50 per share). The company said that strong growth momentum sustained across operating segments. Fo...
ITC reports strong growth momentum across operating segments for quarter, year ended March 2023
ITC reports strong growth momentum across operating segments for quarter, year ended March 2023
Source: IANS
19/05/2023 9:09:22 AM
Stock Picks : ITC Ltd and Power Finance Corporation Ltd By ICICI Direct ITC Ltd  Buy ITC Ltd 427-428 CMP 427.80 ; Target 433.30; Stop Loss 423.20   Power Finance Corporation Ltd Buy Power Finance Corporation Ltd 170.50-171.50 CMP 171.15; Target 174.00; Stop Loss 169.20   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631...
Stock Picks : ITC Ltd and Power Finance Corporation Ltd By ICICI Direct
Stock Picks : ITC Ltd and Power Finance Corporation Ltd By ICICI Direct
Source: ICICI Direct
16/05/2023 10:36:56 AM
ITC jumps on acquiring stake in Sproutlife Foods ITC is currently trading at Rs. 429.10, up by 4.60 points or 1.08% from its previous closing of Rs. 424.50 on the BSE. The scrip opened at Rs. 424.55 and has touched a high and low of Rs. 431.90 and Rs. 424.20 respectively. So far 251185 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 431.90 on 05-May-2023 and a 52 week low of Rs. 249.20 on 12-May-2022. Last one week high and low of the scrip stood at Rs. 431.90...
ITC jumps on acquiring stake in Sproutlife Foods
ITC jumps on acquiring stake in Sproutlife Foods
Source: Accord Fintech
5/05/2023 3:56:15 PM
ITC scrip touches a market cap of Rs 5 trillion and comes down Diversified fast moving consumer goods major ITC Ltd having interests in cigarette, paperboards, hotels, food products reached a market capitalisation of Rs 5 trillion on Thursday. The scrip with a face value of Re 1 opened at BSE at Rs 399.05 and touched a high of Rs 402.60 which was also the 52 week high. The scrip hit the magic Rs 5 trillion market cap figure. It is said ITC was the 11th company to touch the market cap figure of Rs 5 trillion. However, the market cap later came do...
ITC scrip touches a market cap of Rs 5 trillion and comes down
ITC scrip touches a market cap of Rs 5 trillion and comes down
Source: Accord Fintech
20/04/2023 1:50:37 PM
ITC moves up on inking pact to acquire 100% stake in Sproutlife Foods ITC is currently trading at Rs. 400.20, up by 1.80 points or 0.45% from its previous closing of Rs. 398.40 on the BSE. The scrip opened at Rs. 399.05 and has touched a high and low of Rs. 402.60 and Rs. 399.05 respectively. So far 47393 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 402.60 on 20-Apr-2023 and a 52 week low of Rs. 249.20 on 12-May-2022. Last one week high and low of the scrip stood at Rs. 402.60 ...
ITC moves up on inking pact to acquire 100% stake in Sproutlife Foods
ITC moves up on inking pact to acquire 100% stake in Sproutlife Foods
Source: Accord Fintech
20/04/2023 10:26:35 AM
ITC gains as its arm incorporates wholly owned subsidiary ITC is currently trading at Rs. 400.20, up by 1.75 points or 0.44% from its previous closing of Rs. 398.45 on the BSE. The scrip opened at Rs. 396.70 and has touched a high and low of Rs. 401.35 and Rs. 396.00 respectively. So far 165476 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 402.00 on 18-Apr-2023 and a 52 week low of Rs. 249.20 on 12-May-2022. Last one week high and low of the scrip stood at Rs. 402.00...
ITC gains as its arm incorporates wholly owned subsidiary
ITC gains as its arm incorporates wholly owned subsidiary
Source: Accord Fintech
19/04/2023 3:24:14 PM
High targets must be set in India-Italy partnership in light of new potential: Piyush Goyal  Commerce and Industry Minister Piyush Goyal said that high targets must be set in the India-Italy partnership as there is a lot of new potential especially in light of the recently elevated Strategic Partnership. The Minister elaborated on how a plethora of opportunities in India make it one of the world's most trusted business and investment destinations during his address at the CEOs Business Interactive session in Rome, Italy. He said that India is an open country with global ...
High targets must be set in India-Italy partnership in light of new potential: Piyush Goyal
High targets must be set in India-Italy partnership in light of new potential: Piyush Goyal
Source: IANS
14/04/2023 2:02:50 PM
Stock of the day: Buy ITC Ltd For Target Rs. 406 - Religare Broking  ITC Ltd * FMCG pack is among the top performing sector at present and ITC is trading in sync with the trend. * Retraced marginally from its record high during the corrective phase and formed a strong base around 372 levels. * Formed a decisive candle and crossed the short term moving average i.e. 20 EMA as well. * We thus reiterate our view to create fresh longs in the mentioned range Buy ITC Ltd CMP 386.40; Range 386-388; SL 377; Target 406     ...
Stock of the day: Buy ITC Ltd For Target Rs. 406 - Religare Broking
Stock of the day: Buy ITC Ltd For Target Rs. 406 - Religare Broking
Source: Religare Broking Ltd
6/04/2023 10:30:24 AM
Stock Picks : ITC Ltd and Grasim Industries Ltd By ICICI Direct  ITC Ltd Buy ITC Ltd CMP 386.40; Initiation Range 384.50-385.50; Target 389.80; Stop Loss 389.80   Grasim Industries Ltd Grasim Industries Ltd @ 1649-1652 CMP 1659.25 Stop Loss 1638.80Target 1673.00     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ00018363...
Stock Picks : ITC Ltd and Grasim Industries Ltd By ICICI Direct
Stock Picks : ITC Ltd and Grasim Industries Ltd By ICICI Direct
Source: ICICI Direct
6/04/2023 10:22:24 AM
Buy ITC Ltd For Target Rs.440 - JM Financial Institutional Securities GST Cess Amendment: we see no impact on cigarette taxation A few questions are being raised whether the amendment to the GST Compensation Cess Schedule passed by the Lok Sabha late last week is a prelude to a possible government action on cigarette taxation, which has been fairly steady and reasonable over the last few years. A stable tax regime alongside enforcement diligence have led to early signs of volume recovery from illicit trade (c.20% of the market now). Illegal products are avai...
Buy ITC Ltd For Target Rs.440 - JM Financial Institutional Securities
Buy ITC Ltd For Target Rs.440 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
27/03/2023 2:22:32 PM
Buy ITC Ltd For Target Rs 470 - Centrum Broking ITC’s Q3FY23 delivered stable performance (though impacted by lower agri exports); revenue/ EBITDA/ PAT grew 2.5%/23.3%/21.0%. Cigarette saw strong volume/EBIT growth of 15.0%/ 16.9%. More importantly, the volume recovery from illicit trade on the back of stable taxation and product innovation to continue. FMCG revenue/EBIT grew 18.4%/43.9%, led by staples and convenience foods with rapid growth in MT/E-com. Hotels/Paper segment revenue/EBIT grew 50.5%/29.0% & 12.7%/26.3%. Agri busi...
Buy ITC Ltd For Target Rs 470 - Centrum Broking
Buy ITC Ltd For Target Rs 470 - Centrum Broking
Source: Centrum Broking
24/03/2023 12:32:59 PM
ITC inches up as its arm incorporates wholly owned subsidiary ITC is currently trading at Rs. 379.50, up by 0.35 points or 0.09% from its previous closing of Rs. 379.15 on the BSE. The scrip opened at Rs. 379.00 and has touched a high and low of Rs. 381.60 and Rs. 378.15 respectively. So far 42633 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 394.00 on 23-Feb-2023 and a 52 week low of Rs. 238.90 on 16-Mar-2022. Last one week high and low of the scrip stood at Rs. 393.40 ...
ITC inches up as its arm incorporates wholly owned subsidiary
ITC inches up as its arm incorporates wholly owned subsidiary
Source: Accord Fintech
16/03/2023 11:32:19 AM
Buy ITC Ltd For Target Rs.450 - Motilal Oswal Financial Services Earnings visibility continues to drive outperformance As consumer companies continue to struggle in an uncertain operating environment, ITC is better placed than peers with accelerated earnings growth over the past two years, especially in FY23, and strong earnings visibility compared to peers into FY24 as well. Key factors behind its positive outlook are: * Healthy cigarette volume growth in the recent quarters is likely to sustain in the near term, leading to the best three-year and f...
Buy ITC Ltd For Target Rs.450 - Motilal Oswal Financial Services
Buy ITC Ltd For Target Rs.450 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
11/03/2023 12:05:20 PM
ITC rises as its Agri Business Division enters into partnership with Hyundai Motor India ITC is currently trading at Rs. 390.80, up by 2.60 points or 0.67% from its previous closing of Rs. 388.20 on the BSE. The scrip opened at Rs. 384.20 and has touched a high and low of Rs. 392.50 and Rs. 384.20 respectively. So far 368794 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 394.00 on 23-Feb-2023 and a 52 week low of Rs. 220.10 on 07-Mar-2022. Last one week high and low of the scrip stood at Rs. 392.45...
ITC rises as its Agri Business Division enters into partnership with Hyundai Motor India
ITC rises as its Agri Business Division enters into partnership with Hyundai Motor India
Source: Accord Fintech
8/03/2023 2:26:39 PM
ITC rises as its arm incorporates wholly owned subsidiary in Malaysia ITC is currently trading at Rs. 384.50, up by 4.00 points or 1.05% from its previous closing of Rs. 380.50 on the BSE. The scrip opened at Rs. 385.25 and has touched a high and low of Rs. 388.20 and Rs. 381.70 respectively. So far 237033 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 388.20 on 06-Feb-2023 and a 52 week low of Rs. 207.00 on 24-Feb-2022. Last one week high and low of the scrip stood at Rs. 388.20...
ITC rises as its arm incorporates wholly owned subsidiary in Malaysia
ITC rises as its arm incorporates wholly owned subsidiary in Malaysia
Source: Accord Fintech
6/02/2023 10:14:30 AM
Key Stock News : State Bank of India, Divi's Laboratories Ltd, ITC, Paytm - ARETE Securities Key News SBI Q3 result: Net profit soars 69% YoY to Rs 14,205 crore, beats estimates: State Bank of India (SBI), reported a 68.5% year-on-year surge in net profit for the Q3FY23. The bank reported standalone net profit of Rs 14,205 crore in the recently concluded quarter as against net profit of Rs 8,432 crore in Q3FY22.On a quarter-on-quarter basis, the profit rose 7 % from PAT of Rs 13,265 crore reported in the September quarter of this financial year.SBI's net interest income st...
Key Stock News : State Bank of India, Divi's Laboratories Ltd, ITC, Paytm - ARETE Securities
Key Stock News : State Bank of India, Divi's Laboratories Ltd, ITC, Paytm - ARETE Securities
Source: ARETE Securities Ltd
6/02/2023 9:11:12 AM
ITC logs Q3 PAT of Rs 5,031 crore, declares interim dividend of Rs 6 Multi product player ITC Ltd on Friday said it closed the Q3 of FY23 with a net profit of Rs 5,031.01 crore. The company's board declared an interim dividend of Rs 6 per share for FY24. According to ITC, for the quarter ended December 31, 2022 it had earned an operational revenue of Rs 17,265.48 crore (Q3FY22, Rs 16,806.89 crore) and a net profit of Rs 5,031.01 crore (Rs 4,156.20 crore). Barring the agriculture business segment that posted a lower revenue for the period under rev...
ITC logs Q3 PAT of Rs 5,031 crore, declares interim dividend of Rs 6
ITC logs Q3 PAT of Rs 5,031 crore, declares interim dividend of Rs 6
Source: IANS
3/02/2023 7:37:22 PM
Union Budget : 2023-24 Post Budget Analysis & Stock Ideas By Axis Securities An All-Round Budget Delivering On All Aspirations Our honourable Finance Minister Nirmala Sitaraman presented the Union Budget 2023-34 today. Being the last full-year budget before the Union Election in 2024, the expectations from the Budget were naturally high and hence it was expected to be a growth-oriented budget. Against this backdrop, the Union Budget 2023-24 indeed lived up to its expectations, which was driven primarily by capital expenditure while simultaneously providing an adequ...
Union Budget : 2023-24 Post Budget Analysis & Stock Ideas By Axis Securities
Union Budget : 2023-24 Post Budget Analysis & Stock Ideas By Axis Securities
Source: Axis Securities Ltd
2/02/2023 3:44:06 PM
Stock of the day : Buy ITC Ltd For Target Rs.360 - Religare Broking ITC * FMCG sector has been seeing mixed trend wherein ITC is trading on strong footing. * After forming a strong base around 325 levels, it’s all set to resume the uptrend. * The existence of support of major moving average i.e. 100 EMA around 325 is added positive. Expect fresh momentum above 342 levels. * We thus suggest initiating fresh longs as per the given levels.   Technical Chart : Daily Buy ITC Ltd CMP: 338.90 Range: 335-337  SL: 325&nbs...
Stock of the day : Buy ITC Ltd For Target Rs.360 - Religare Broking
Stock of the day : Buy ITC Ltd For Target Rs.360 - Religare Broking
Source: Religare Broking Ltd
25/01/2023 10:12:17 AM
Pre Budget Stock Picks By LKP Securities Power Finance Corporation Ltd Company Outlook * PFC is the financial backbone of the Indian Power Sector and we pick PFC to play the changing face of the Power Sector in India. * The resolution of legacy portfolios coupled with encouraging asset quality trends makes us optimistic about Power Finance Corporation. * Enforcement of Discipline in the Power Sector through calibrated penalties on defaults by discoms together with the incentivized clearing of old overdue are in our view ...
Pre Budget Stock Picks By LKP Securities
Pre Budget Stock Picks By LKP Securities
Source: LKP Securities Ltd
19/01/2023 12:59:16 PM
Digital India emerges top wealth-generation opportunity for Indian retail investors The 'Digital India' theme has emerged as an incredible wealth-generation opportunity for retail investors, investment technology platform WealthDesk said on Wednesday. The 'WealthDesk Year-end Bulletin' underscored that the country has made significant progress in terms of digital friendliness since 2017. As per the bulletin, ITC Ltd., ICICI Bank, Coal India, Sun Pharmaceutical Industries and State Bank of India were the most popular stocks among the 'WealthBasket Cu...
Digital India emerges top wealth-generation opportunity for Indian retail investors
Digital India emerges top wealth-generation opportunity for Indian retail investors
Source: IANS
18/01/2023 6:45:16 PM
Top Investment Ideas For January 2023 By Motilal Oswal Financial Services Top Investment Ideas: Cement/Realty Ultratech Cement: Steady expansion paves the way for industry leading growth Key Rationales * Cement demand is expected to pick up post the festive season and volume growth should be in double-digits in FY23/24. Prices should improve going forward to mitigate the impact of sustained cost pressures. * UTCEM is expanding grinding capacity domestically to 131mtpa/154mtpa by FY23E/FY25-26E, offering strong growth visibility. We expect sales volume ...
Top Investment Ideas For January 2023 By Motilal Oswal Financial Services
Top Investment Ideas For January 2023 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
9/01/2023 3:13:34 PM
Stock of the day: BUY ITC Ltd For Target Rs.346 By Religare Broking  ITC Ltd * ITC has been drifting gradually lower for the last 2 months, after making a new record high at 361.45 levels in November 2022. * Trading in a congestion zone of 325-336 while hovering within the moving averages ribbon. * The chart structure combined with recent buoyancy in the FMCG pack is pointing towards possible breakout. * We thus suggest creating fresh longs as per the given levels. BUY ITC Ltd CMP (Rs):333.45  Range:330-332  SL:325...
Stock of the day: BUY ITC Ltd For Target Rs.346 By Religare Broking
Stock of the day: BUY ITC Ltd For Target Rs.346 By Religare Broking
Source: Religare Broking Ltd
6/01/2023 11:29:06 AM
New Year Picks 2023 By Sumeet Bagadia, Choice Broking ITC Ltd Buy ITC @ 334 & Upto 325 for the Target of 380/400 On a monthly chart, the stock is continuously trending upward since march 2022, concluding the primary trend is bullish. Additionally, ITC is trading at 334 and has numerous supports between 320 and 325 levels on the weekly chart. On the weekly chart, the price is sustaining above middle line of the Bollinger band, indicating the stock's strength. The daily chart's RSI Indicator is trading near 50 levels, which...
New Year Picks 2023 By Sumeet Bagadia, Choice Broking
New Year Picks 2023 By Sumeet Bagadia, Choice Broking
Source: Choice Broking Ltd
31/12/2022 10:05:30 AM
Stock Picks : Larsen & Toubro Ltd And ITC Ltd By ICICI Direct Larsen & Toubro Ltd Buy Larsen & Toubro Limited @ 2088-2092 CMP 2091.05 Stop Loss 2071.30 Target 2118.00   ITC Ltd Buy ITC Ltd @ 334-335 CMP 334.60 Stop Loss 331.30 Target 339.00     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631 ...
Stock Picks : Larsen & Toubro Ltd And ITC Ltd By ICICI Direct
Stock Picks : Larsen & Toubro Ltd And ITC Ltd By ICICI Direct
Source: ICICI Direct Ltd
27/12/2022 12:00:02 PM