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.

Shares of ITC were quoting higher for the fourth straight trading day, surging 6 per cent during the period ahead of its July-September quarter (Q2FY23) earnings on Thursday, October 20, 2022.

At 11:17 AM, ITC traded 2 per cent higher at Rs 346.80, as compared to 0.66 per cent rise in the S&P BSE Sensex. The stock was trading closer to its 52-week high of Rs 349.50, which it registered on September 23. The stock had hit a record high of Rs 353 on July 3, 2017.

ITC is the biggest cigarette maker, and the second largest fast