ITC Share Gains 5% Post Q4 Results, Stocks Hit 3-Year High; Should You Buy?
2 years, 7 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,” the company said, adding that discretionary/out-of-home categories recorded strong growth surpassing pre-pandemic levels, driven by progressive improvement in mobility and favourable comparables. Longer term re-rating though will depend on diversification from cigarettes and whether sustained earnings growth returns to the late-teen levels seen in the first half of the last decade,” Motilal Oswal Financial Services said in a post result report. While FMCG peers combat growth slowdown and RM pressures, ITC is seeing a recovery in earnings, with good momentum across verticals and high margin visibility.

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History of this topic

ITI share price surges 10% to an all-time high, jumps over 40% in 3 days; should you buy? Experts weigh in
2 weeks, 1 day 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%
1 month, 2 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%
2 months 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
9 months, 1 week 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 …

Why ITC share price rose over 8% today, biggest single-day gain since Sept 2021
9 months, 1 week 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 …

ITC shares fall over 2% as BAT looks to sell stake as soon as this week
9 months, 1 week 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 …

ITC shares drop over 4% as BAT says working towards monetising some of its stake
10 months, 2 weeks 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 net profit rises 16% to ₹5,180 crore
1 year, 4 months ago

ITC Q1 net profit rises 16% to ₹5,180 crore

The Hindu  

Diversified entity ITC Ltd. on Monday reported a 16.08% rise in consolidated net profit to ₹5,180.12 crore for the first quarter ended June. During the June quarter, revenue from the "total FMCG" segment, which also includes cigarettes, surged 13.46% to ₹13,528.37 crore. "The Businesses continued to drive improvement in profitability through multi-pronged interventions viz premiumisation, supply chain optimisation, judicious pricing …

ITC Q1 Results Highlights: Net profit rises 17.5% to ₹4,902 cr; board approves 25% stake in Maharaja Resort
1 year, 4 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, 4 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 hotels unit stock expected to be valued in ₹15-27 range
1 year, 5 months ago

ITC hotels unit stock expected to be valued in ₹15-27 range

Live Mint  

Brokerages forecast ITC Hotels' share price to range between ₹15 to ₹27 after demerging its hotel operations into a new firm, named ITC Hotels where it will hold 40% ownership and the remaining 60% will be controlled by shareholders directly. The National Company Law Tribunal's scheme of arrangement was given in principle permission by the ITC board on Monday to …

ITC becomes India's most valuable FMCG stock ousting the country's Unilever unit
1 year, 5 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 shares hit fresh 52-week high; should you buy?
1 year, 7 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 did not disappoint in Q4 earnings: What should investors do with this stock?
1 year, 7 months ago

ITC did not disappoint in Q4 earnings: What should investors do with this stock?

Live Mint  

After a lackluster opening, ITC stock price gained momentum to rise by nearly a percent on Friday. Analysts at JM Financial in their report said, "ITC’s Mar-Q earnings continued to be strong with a very impressive delivery in FMCG on both growth and profitability fronts. Further, Motilal Oswal's analysts in their note said, "Unlike its staples peers, ITC has reported …

ITC Q4 results: Firm announces dividend of ₹9.5, fixes record date
1 year, 7 months ago

ITC Q4 results: Firm announces dividend of ₹9.5, fixes record date

Live Mint  

FMCG major ITC Ltd on Thursday announced a final dividend ₹6.75 and a special dividend of ₹2.75 per ordinary share of ₹1 each for the financial year ended 31 March, 2023. ITC had declared an interim dividend of ₹6 in February 2023, thus taking the total dividend for the financial year ended 31 March, 2023 to Rs15.50 per ordinary share …

ITC Q3 earnings preview: Net profit, revenue could grow in double-digits
1 year, 10 months ago

ITC Q3 earnings preview: Net profit, revenue could grow in double-digits

Live Mint  

ITC Q3 results 2023 preview: On account of stellar performance by all segments, stock market observers are expecting strong Q3 results in FY23 from ITC. Avinash Gorakshkar said that net profit and revenue of the cigarette-to-hotel conglomerate may grow in double-digits and ITC shareholders may expect interim dividend as well. Suggesting ITC shareholders to hold the scrip for strong upside, …

ITC share price hits life-time high after budget. Can it rise further?
1 year, 10 months 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 gains over 4% to hit 52-week high; to pay Rs 6.25 dividend
2 years, 7 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 …

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