Page 2 - ITC Ltd News
Sensex, Nifty set to gain for seventh straight year; smallcaps underperform
The underperformance of the small-caps, according to analysts, was mostly due to rising raw material prices and the hike in rates by central banks, which in turn impacted their financial performance
 "Sensex, Nifty set to gain for seventh straight year; smallcaps underperform")
ITC stock hits 2-month low amid market weakness, slips 4% in two days
Reliance Consumer's foray into FMCG, through brand 'Independence', could be a threat to existing FMCG companies in the foods space, analysts said
 "ITC stock hits 2-month low amid market weakness, slips 4% in two days")
FMCG index hits record high in range-bound market; Dabur, HUL up 2%
RBI governor Shaktikanta Das said that rural demand is recovering as reflected in the pace of tractor and retail two-wheeler sales, with rising farm activity
 "FMCG index hits record high in range-bound market; Dabur, HUL up 2%")
FMCG index surges nearly 2%; ITC, Dabur, Marico, HUL, GCPL rally up to 6%
Normal monsoons, good harvest & increase in MSP will drive demand in rural markets in the near/medium term, according to analysts.
From banks to IT, analysts bet on these sectors as markets hit record highs
Metals, state-owned oil marketing companies, and export/global economy-linked sectors may not see any meaningful rally
 "From banks to IT, analysts bet on these sectors as markets hit record highs")
ITC hits new high in a subdued market; zooms 63% thus far in 2022
Post Q2 results, most brokerages have either recommended a 'buy' and an 'accumulate' rating on ITC with target prices in the range of Rs 365 to Rs 405
 "ITC hits new high in a subdued market; zooms 63% thus far in 2022")
ITC cooks up a storm, sets up 12 cloud kitchens and 48 brand outlets
A key lever of the ITC Next strategy is to spot new opportunities at the intersection of digital, sustainability and enterprise strengths
 "ITC cooks up a storm, sets up 12 cloud kitchens and 48 brand outlets")
ITC stock slips despite good performance in September quarter
All analysts are bullish on the firm with target prices ranging from Rs 375 to Rs 490
 "ITC stock slips despite good performance in September quarter")
Indian markets set to post worst Samvat show in 7 yrs; smallcaps outperform
FPIs offloaded nearly Rs 2 trillion ($265 billion) in Indian equities during Samvat 2078, data show.
 "Indian markets set to post worst Samvat show in 7 yrs; smallcaps outperform")
Markets end marginally up on Friday; Sensex, Nifty down 1% in Samvat 2078
The BSE MidCap index fell about 4 per cent in Samvat 2078, while the BSE SmallCap index added 0.4 per cent
 "Markets end marginally up on Friday; Sensex, Nifty down 1% in Samvat 2078")
Q2 impact: Upside of up to 14% on cards for ITC, Axis Bank, Dixon Tech
Among prominent stocks, ITC, Dixon Technologies, Axis Bank and Bajaj Finance seem poised to rally up to 14 per cent; whereas Asian Paints is seen testing the crucial 200-DMA level at Rs 3,131.
 "Q2 impact: Upside of up to 14% on cards for ITC, Axis Bank, Dixon Tech")
ITC hits new high on solid Q2 performance; analysts see up to 16% upside
Analysts believe ITC would continue to grow in its core business of Cigarettes and FMCG with stable taxation & softening of raw material prices.
ITC Q2 net profit rises 24% to Rs 4,619.77 crore; revenue up 24.4%
The company attributed the performance to strong and broad-based growth across markets and channels
ITC's Q2 net profit up 21% at Rs 4,466 cr as cigarette, snacks sales rise
ITC's standalone revenue from operations rose 27% to Rs 17,160 crore in Q2FY23
ITC surges 6% in four days ahead of Q2 results; analysts expect a good show
In Q2FY23, ITC is expected to witness strong growth across segments considering lower sales in the base quarter of cigarettes, hotels & agri business.
