The broader markets may swing to the global cues, while individual stocks are likely to react to corporate earnings and company specific developments in trade today
In the past one week, ITC has outperformed the market by surging 13 per cent
Analysts believe ITC's cigarettes business will fully recover with the aggressive vaccination drive and reduction in Covid-19 cases
Despite today's sharpest rally, the stock has under-performed the market gaining 28 per cent, as against a 50 per cent surge in the S&P BSE Sensex.
The short-to-medium term outlook for the stock will stay highly bullish, as long as ITC defends its 200-DMA, indicates daily chart
Cipla is recalling 7,228 bottles of Solifenacin Succinate tablets in the US market due to manufacturing issues
The paper and paperboard marketing structure looks set for a shake-up with industry heavyweight ITC Ltd striking out to push its elemental chlorine-free (ECF) paper and board directly to end-users.
Analysts remain cautious on cigarettes and hotels businesses in the medium term. On the techncial charts, the stock is in the process of forming an 'Island Reversal Pattern'
The board has recommended a final dividend of Rs 5.75 per share; cigarette revenues rose 13.1% at Rs 6,508.43 crore
The FMCG major's consolidated revenue from operations rose to Rs 15,404 crore
Brokerage JM Financial expects PAT to decline 6.4 per cent YoY to Rs 3,554.9 crore during the quarter ended March 2021
State-owned Canara Bank on Monday said it has appointed S K Majumdar as its chief financial officer (CFO) with immediate effect
Companies, analysts feel, will be able to pass on the sharp rise in raw material (oil) prices over time
In addition, ITC is airlifting a large number of oxygen concentrators for distribution, its paperboards unit in Bhadrachalam has commenced supply of oxygen to neighbouring areas
Shares of ITC were trading nearly 1 per cent lower on the BSE ahead of its December quarter results due to be announced later today
ITC stock is struggling to conquer the resistance of Rs 215 to Rs 220 levels. The downside support stays at Rs 200
Fears a 2018-like episode when the foreign shareholder blocked proposal to issue Esops
After the breakdown below 200-day moving average (DMA) in June 2019, this is the second attempt that the stock is making to conquer the significant moving averages
Four months since unlock began, demand for essentials remains robust but the frenzy is dying down
Key monitorables include cigarette volume growth, outlook on hotel, and paper businesses.