ITC trades higher for fourth straight day, gains 8% from Monday's low

Analysts at ICCI Securities believe stock like ITC could be the next major mover of Nifty and that the stock is likely to retest its February highs once again in the coming weeks

Shares of ITC, on Thursday, were trading higher for the fourth straight day, up 3 per cent at Rs 217.30 on the BSE in intra-day trade. The stock of the cigarettes and fast moving consumer goods (FMCG) company gained 8 per cent from Monday’s low of Rs 201.60 on the BSE. In comparison, the S&P BSE Sensex was up 0.32 per cent during the same period.

In the October-December quarter (Q3FY21), the FMCG segment EBITDA (earnings before interest, taxes, depreciation, and amortization) grew by 28 per cent year on year (y-o-y) to Rs 326 crore with margins expanding by