Why ITC share price rose over 8% today, biggest single-day gain since Sept 2021
1 year ago

Why ITC share price rose over 8% today, biggest single-day gain since Sept 2021

Hindustan Times  

ITC share price today: ITC share price rose over 8% today after it was reported that a block deal in which British American Tobacco Plc was likely to be the seller of ITC shares. ITC share price today: Around 43.7 crore ITC shares, amounting to 3.5% of the total equity of the company, changed hands in a block deal. British American Tobacco said that it would sell a 3.5% stake in ITC Ltd, in block deals. British American Tobacco holds over 29% of the cigarettes-to-hotels conglomerate had said that it will sell the shares at ₹384–400.25 each, a 4–5% discount to ITC’s Tuesday closing price of ₹401.90 on the NSE.

Tobacco British Price Share American Block Itc Itc Share Price Itc Shares British American Tobacco  share  singleday  tobacco  2021  british  price  itc  total  today  rose  american  block  sept  biggest  gain  shares

History of this topic

ITC, Godfrey Phillips India share prices decline up to 3% on GST hike concerns
1 month, 1 week ago

ITC, Godfrey Phillips India share prices decline up to 3% on GST hike concerns

Live Mint  

Stock Market Today: ITC and Godfrey Phillips India share prices declined up to 3% in the morning trade on Thursday amid GST hike concerns. Godfrey Phillips India share price also opened lower at ₹6478.95 on the BSE on Thursday against its previous close of ₹6560.55. Godfrey Phillips India share price thereafter dipped to intraday lows of ₹6315.30, which meant a …

ITC Hotels share price falls 3% as BAT looks to divest stake
1 month, 2 weeks ago

ITC Hotels share price falls 3% as BAT looks to divest stake

Live Mint  

Shares of recently-listed ITC Hotels declined over 3% in intra-day trade on Friday, February 14, after British American Tobacco Plc, the biggest shareholder after ITC, said it will pare its stake in the hotels business by next year. ITC Hotels Share Price Impact ITC Hotels share price following BAT's divestment plans declined 3.44% to the day's low of ₹164.05 apiece. …

Two days after public debut, ITC Hotels shrugs off listing volatility
2 months ago

Two days after public debut, ITC Hotels shrugs off listing volatility

Live Mint  

Shares of ITC Hotels made their much-anticipated debut on the stock exchanges on 29 January following its demerger from parent company ITC Ltd. According to ITC’s exchange filing, the total acquisition cost was split, with ITC shares retaining 86.49% of their pre-demerger value and ITC Hotels accounting for 13.51%. In Q2FY25, ITC Hotels reported 12% year-on-year revenue growth, with its …

ITC Hotels shares list at 30% discount, debuting at ₹180 after last year's demerger
Top News
2 months ago

ITC Hotels shares list at 30% discount, debuting at ₹180 after last year's demerger

Hindustan Times  

ITC Hotels Ltd shares got listed at a discovery price of ₹180 per share on the National Stock Exchange on Wednesday, January 29, 2025. Also 60% of ITC Hotels is still owned by ITC, while 40% was distributed to other shareholders in the aforementioned ratio. This is a discount of nearly 31% from its implied price of ₹260 per share …

ITC Hotels share price: Stock lists at 30% discount on NSE
2 months ago

ITC Hotels share price: Stock lists at 30% discount on NSE

India Today  

Shares of ITC Hotels listed at a discount of 30% on Thursday, opening at Rs 180 on the national stock exchange, to the discovered price of Rs 260 per share. ITC Hotels shares opened at Rs 188 on the Bombay Stock Exchange, to the discovered price of Rs 270 per share. The listing price of ITC Hotels shares was lower …

ITC Hotels Listing: Check listing date, cost of acquisition of ITC shares, other key details
2 months ago

ITC Hotels Listing: Check listing date, cost of acquisition of ITC shares, other key details

Live Mint  

ITC Hotels listing: ITC has announced the listing date of its demerged hotels business. The cigarettes-to-FMCG conglomerate has also issued general guidance towards apportionment of the cost of acquisition of the ordinary ITC shares and ITC Hotels shares. This means that for every 10 shares of ITC held by shareholders as of January 6, they would receive one share of …

ITC share price adjusts ₹27 lower after trading ex-hotels business. Buy or sell?
2 months, 3 weeks ago

ITC share price adjusts ₹27 lower after trading ex-hotels business. Buy or sell?

Live Mint  

ITC shares are now trading ex-demerger, which means the value of ITC shares are now ex-hotels business. At the end of a special trading session for the price discovery of ITC Hotels on stock exchanges BSE and NSE, the market has assigned ITC share price of ₹455.60. ITC Hotels share price will be calculated based on the difference between the …

Explained: Why ITC share price fell by 6% today as ITC Hotel to list separately
2 months, 3 weeks ago

Explained: Why ITC share price fell by 6% today as ITC Hotel to list separately

India Today  

ITC share price saw a sharp drop of nearly 6% in Monday's early trading, hitting a low of Rs 455. A special pre-open session was conducted on the stock exchanges between 9:00 AM and 9:45 AM to determine ITC Hotels' share price. Based on this, ITC Hotels' share price was discovered at Rs 27 per share on the BSE and …

ITC share price dips ahead of ITC Hotels demerger record date. Should you buy?
2 months, 4 weeks ago

ITC share price dips ahead of ITC Hotels demerger record date. Should you buy?

Live Mint  

ITC share price dropped more than a percent on Friday ahead of its demerger record date next week. The company has set ITC Hotels demerger record date as January 6 and ITC shares will turn ex-date for the demerger on that day. This means ITC shareholders whose names will appear in the company’s books as of Monday, January 6 record …

ITI share price surges 10% to an all-time high, jumps over 40% in 3 days; should you buy? Experts weigh in
3 months, 3 weeks ago

ITI share price surges 10% to an all-time high, jumps over 40% in 3 days; should you buy? Experts weigh in

Live Mint  

ITI share price continued witnessing strong buying interest for the third consecutive session on Tuesday, December 10, as it jumped almost 10 per cent to hit its fresh all-time high of ₹404 on the NSE. ITI share price opened at ₹385 against its previous close of ₹368.10 and surged as much as 9.8 per cent to its record high of …

Itc Share Price Today on 05-11-2024: Itc share price are down by -0.96%, Nifty up by 0.91%
4 months, 3 weeks ago

Itc Share Price Today on 05-11-2024: Itc share price are down by -0.96%, Nifty up by 0.91%

Live Mint  

Itc Share Price Today on 05-11-2024: At 05 Nov 16:00 today, Itc shares are trading at price ₹480.05, -0.96% down from the previous closing price. On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 days …

Itc Shares Price Today: Up 0.05%, Nifty Up 0.21%
5 months, 1 week ago

Itc Shares Price Today: Up 0.05%, Nifty Up 0.21%

Live Mint  

Itc shares are trading slightly up today, with the stock price closing at ₹481.95. The company has seen a significant increase in volume traded on both NSE and BSE, suggesting a positive price movement. The stock has hit a high of ₹483.15 and a low of ₹479.85 during the day, indicating a trading range of 2.25%. The company has a …

ITC’s shares jumps as BAT’s $2 billion share sale sails through
1 year ago

ITC’s shares jumps as BAT’s $2 billion share sale sails through

The Hindu  

Indian FMCG and tobacco giant ITC's shares jumped more than 8% on March 13, after top shareholder British American Tobacco's $2 billion stake sale in the company went through smoothly, removing a key overhang on the stock. In India’s third-largest block deal, BAT completed the sale of 436.9 million shares, or roughly 3.5% of ITC’s outstanding shares, for about $2 …

BAT likely to sell 3.5% stake in ITC for Rs 17K crore on Wednesday
1 year ago

BAT likely to sell 3.5% stake in ITC for Rs 17K crore on Wednesday

Business Standard  

British American Tobacco, the multinational company that makes and sells cigarettes, tobacco and other nicotine products, on Tuesday said it planned to sell up to 3.5 per cent in ITC by way of block deals on Wednesday. BAT has offered a 5 per cent discount to investors with the block deal price band ranging from Rs 384 to Rs 400.25 …

BAT to offload 3.5% stake in ITC via block trade; details here
1 year ago

BAT to offload 3.5% stake in ITC via block trade; details here

Live Mint  

BAT PLC announced on Tuesday its plans to divest up to a 3.5 percent stake in India's ITC Ltd to institutional investors through a block trade. Through its wholly-owned subsidiary, Tobacco Manufacturers Ltd, BAT aims to sell up to 43,68,51,457 ordinary shares in ITC Ltd via an accelerated bookbuild process, subject to standard closing conditions. Additionally, the statement by ITC …

ITC shares fall over 2% as BAT looks to sell stake as soon as this week
1 year ago

ITC shares fall over 2% as BAT looks to sell stake as soon as this week

Live Mint  

ITC share price fell over 2% in early trade on Monday after reports that British American Tobacco Plc was looking to sale of part of its stake in the Indian partner as soon as this week. The London-listed BAT has been in talks with Bank of America Corp. and Citigroup Inc. for the potential divestment of ITC shares worth around …

BAT's stake sale in ITC is almost here
1 year ago

BAT's stake sale in ITC is almost here

Live Mint  

MUMBAI : British American Tobacco Plc is preparing for its long-awaited stake sale in ITC Ltd in the next two weeks, two people aware of the matter said. The stake sale follows BAT chief executive Tadeu Marroco’s 8 February statement during the company’s earnings call that the company was focussed on improving its “financial flexibility". BAT has so far resisted …

ITC shares drop over 4% as BAT says working towards monetising some of its stake
1 year, 1 month ago

ITC shares drop over 4% as BAT says working towards monetising some of its stake

Live Mint  

ITC share price traded over 4% lower on Thursday as its largest shareholder BAT is working towards offloading some of its stake in the cigarette-to-hotels conglomerate. Our shareholding in ITC has existed in one way or another since the early 1900s and is subject to numerous share capital changes and regulatory restrictions,” BAT said. BAT also highlighted that the Group’s …

ITC Q1 Results Highlights: Net profit rises 17.5% to ₹4,902 cr; board approves 25% stake in Maharaja Resort
1 year, 7 months ago

ITC Q1 Results Highlights: Net profit rises 17.5% to ₹4,902 cr; board approves 25% stake in Maharaja Resort

Live Mint  

ITC Q1 Results Live: ITC Ltd announce its April-June quarter results for fiscal 2023-24 on August 14, reporting a rise of 17.5 per cent in standalone net profit at ₹4,902 crore, compared to ₹4,169.38 crore in the corresponding period last year. ITC Q1 Results Live: Hotel biz demerger: approvals and timelines View Full Image Timelines of listing ITC hotels ITC …

ITC shares snap three-day losing run, rebound 2% as street sees positives in hotel business demerger
1 year, 8 months ago

ITC shares snap three-day losing run, rebound 2% as street sees positives in hotel business demerger

News 18  

Snapping its three-day losing run, cigarettes-to-hotels conglomerate ITC shares rebounded by more than 2% in Wednesday’s trade. ITC shares declined nearly 6% in the three sessions after the company announced a proposal to demerge the hospitality business into a separate company named ITC Hotels Ltd. Shares of the company closed 1.85% lower at Rs 462.20 apiece on BSE on Tuesday …

ITC becomes India's most valuable FMCG stock ousting the country's Unilever unit
1 year, 8 months ago

ITC becomes India's most valuable FMCG stock ousting the country's Unilever unit

Hindustan Times  

Asia’s largest cigarette maker ITC Ltd. is set to reclaim its position as India’s most valuable fast-moving consumer goods stock after ousting Hindustan Unilever Ltd. from the spot. ITC, which primarily makes money by selling cigarettes but also holds interests in hotels, paper and consumer staples industries, saw its valuation jump above 6.1 trillion rupees for the first time ever …

ITC share price hits fresh 52-week high; mcap tops ₹6 lakh crore mark
1 year, 8 months ago

ITC share price hits fresh 52-week high; mcap tops ₹6 lakh crore mark

Live Mint  

ITC share price climbed 3 per cent to hit its fresh 52-week high of ₹493.40 in intraday trade on BSE on Thursday, boosting the market capitalisation of the stock to over ₹6 lakh crore mark. "From the core cigarette business perspective, we expect rational tax hikes ahead, given a higher share of the ad-valorem component leading to the build-up of …

ITC shares hit fresh 52-week high; should you buy?
1 year, 10 months ago

ITC shares hit fresh 52-week high; should you buy?

Live Mint  

The bullish run of ITC shares remains unabated as they rose nearly 2 per cent in morning trade to hit their fresh 52-week high of ₹442.50 on BSE on Thursday, looking set to extend its winning streak into the fifth consecutive session. The company outperformed analyst expectations with a 21.4 per cent surge in standalone net profit for the March …

ITC profit up 21% in Q4 as cigarette sales rise
1 year, 10 months ago

ITC profit up 21% in Q4 as cigarette sales rise

Live Mint  

ITC Ltd has outperformed analyst expectations with a 21.4% surge in standalone net profit for the March quarter, on the back of stronger cigarette sales and softening commodity prices. The company, known for its Gold Flake cigarettes and Bingo chips, reported a net profit of ₹5,086.86 crore for the quarter ended 31 March, up from ₹4,190.96 crore a year ago. …

ITC’s cigarettes biz growth prospectus intact despite new tax. Here’s why
1 year, 11 months ago

ITC’s cigarettes biz growth prospectus intact despite new tax. Here’s why

Live Mint  

FMCG major, ITC emerged as the top underperforming stock on Monday. In its latest note on ITC, Sharekhan said, "recent amendment in the Finance Bill 2023 on tobacco/tobacco products is unlikely to have any material impact on tax rates on cigarettes. Brokerage's note added, "ITC is expected to maintain its volume growth momentum in the cigarette business, given no price …

ITC share price hits life-time high after budget. Can it rise further?
2 years, 1 month ago

ITC share price hits life-time high after budget. Can it rise further?

Live Mint  

Stock market today: ITC share price continued its uptrend for third straight session and extended its post-budget gains further. While deepening its Wednesday gains, ITC share price today climbed to new life-time high of ₹384.70 apiece levels, logging more than 6 per cent rise intraday rise in early morning session. According to stock market experts, ITC shares are rising as …

ITC share price crosses ₹300 for first time in 3 years. Buy, sell or hold?
2 years, 8 months ago

ITC share price crosses ₹300 for first time in 3 years. Buy, sell or hold?

Live Mint  

ITC shares extended its rally on Thursday morning deals and climbed to a three year high. ITC share price today hit a fresh 52-week high of ₹302.20, after hitting the one year-high of ₹299.50 apiece in Wednesday's session when the company's 111th annual general meet was underway. He said that ITC's interventions in the newer FMCG businesses have enabled robust …

ITC Share Gains 5% Post Q4 Results, Stocks Hit 3-Year High; Should You Buy?
2 years, 10 months ago

ITC Share Gains 5% Post Q4 Results, Stocks Hit 3-Year High; Should You Buy?

News 18  

Shares of ITC hit a 3 year high in Thursday’s opening deals after the FMCG major posted 12 per cent growth in net profit to Rs 4,195 crore for the January-March period, compared with Rs 3,755 crore a year ago. Staples and Convenience Foods remained resilient even as the pace of revenue growth witnessed moderation on a relatively high base,” …

ITC share gains over 4% to hit 52-week high; to pay Rs 6.25 dividend
2 years, 10 months ago

ITC share gains over 4% to hit 52-week high; to pay Rs 6.25 dividend

India TV News  

Highlights ITC has reported 11.60% rise in its consolidated net profit to Rs 4,259.68 crore for Q4 ITC will pay a final dividend of Rs 6.25 per ordinary share of face value Re 1 each for FY22 ITC Results, ITC Share Dividend News: ITC share prices jumped over 4 per cent to hit a 52-week high of Rs 279.25 on …

ITC’s net profit rises 12.6% to ₹3,174 cr in June quarter
5 years, 7 months ago

ITC’s net profit rises 12.6% to ₹3,174 cr in June quarter

Live Mint  

New Delhi: ITC Ltd, India’s largest cigarette maker, on Friday reported 12.6% increase in its June quarter stand-alone profit, in line with Street estimates. Segmental revenue at the company’s FMCG-others business, which includes packaged food and personal care products, grew 6.6% to ₹3,060 crore; the segment’s EBIT grew 55% to ₹78.02 crore. “Cigarette revenue and volumes growth was moderate, while …

ITC's spectacular Q4 cigarette, non-cigarette growth triggers 7.5% surge in stock
8 years, 10 months ago

ITC's spectacular Q4 cigarette, non-cigarette growth triggers 7.5% surge in stock

Firstpost  

In early trade, the ITC counter notched up gains of 7.5 percent to touch a high of Rs 354.75 before losing some ground thereafter The BSE-30 share benchmark Sensex erased most of its early gains to trade marginally higher, but shares of cigarette-to-FMCG major ITC continue to outperform broader markets following an spectacular fourth quarter results announced last week. In …

Taxes crush cigarette volumes at ITC
9 years, 8 months ago

Taxes crush cigarette volumes at ITC

Live Mint  

ITC Ltd is feeling the full brunt of four successive years of tax increases on cigarettes. In end April 2013, just before Unilever Plc announced a voluntary open offer to increase its stake in its Indian subsidiary, ITC’s market capitalization was as much as 2.5 times that of Hindustan Unilever Ltd. While Unilever’s increased interest in its Indian operations, coupled …

ITC profit jumps, beats estimates
15 years, 5 months ago

ITC profit jumps, beats estimates

Live Mint  

Kolkata: ITC Ltd, the country’s biggest cigarette manufacturer, on Friday said net profit rose 25.8% to Rs1,009.91 crore in the quarter ended September from the year-ago period, driven largely by a 21.35% increase in revenues from cigarette sales. Revenues from the hotel business, however, declined 23.77% from last year to Rs186.28 crore because of poor occupancy and average room tariff, …

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