Page 4 - Itc Ltd
ITC hits 2-month low; stock down 12 per cent from record high
The board of ITC on Monday approved the Hotel demerger, with share entitlement ratio of 10:1 for the demerged entity.
 "ITC hits 2-month low; stock down 12 per cent from record high")
FMCGs extend fall on RBI's warning of higher inflation; more pain on cards?
Barring Varun Beverages that reached a new all-time high and Colgate Palmolive (India), other FMCG stocks trade fragile.
 "FMCGs extend fall on RBI's warning of higher inflation; more pain on cards?")
Stocks to Watch today, Aug 16: IndiGo, ITC, SBFC, Infy, Voda Idea, M&M, Zee
Stocks to watch on August 16, 2023: Shares of IndiGo are likely to be in focus amid reports of a likely stake sale by the co-founders Gangwal family on Wednesday.
 "Stocks to Watch today, Aug 16: IndiGo, ITC, SBFC, Infy, Voda Idea, M&M, Zee")
ITC hotel biz demerger allays capital allocation concerns, say analysts
Some investors may have preferred a vertical split (100 per cent direct). This move will not likely have a big implication for ITC's share price, wrote analysts at Jefferies in a note
 "ITC hotel biz demerger allays capital allocation concerns, say analysts")
Hotel stocks have more room for an upside; buy selectively: Analysts
The move to demerge the hotel business into a separate entity by ITC has brought back focus on hotel stocks, which have already seen a good run thus far in FY24.
 "Hotel stocks have more room for an upside; buy selectively: Analysts")
HUL, Colgate, UBL: Here's how to trade FMCG stocks post ITC de-merger plan
The FMCG index has breached previous reversal support, igniting fear of caution among retail traders. This move emerged after the index reached a new historic peak a few sessions ago.
 "HUL, Colgate, UBL: Here's how to trade FMCG stocks post ITC de-merger plan")
ITC board gives in-principle approval for demerger of hotels business
The move may improve ITC's ROCE by 2,000 bps
 "ITC board gives in-principle approval for demerger of hotels business")
Demerger to boost ITC's cash flows, create India's 2nd biggest hotel group
The demerger will however have only a marginal negative impact on ITC overall earnings and share price given the hotel division miniscule contribution to its consolidated finances
 "Demerger to boost ITC's cash flows, create India's 2nd biggest hotel group")
ITC demerger: Medium-term outlook intact; stk can hit Rs 550 to Rs 575 mark
While the medium-term outlook remains highly optimistic, the stock may remain choppy in the near-term
 "ITC demerger: Medium-term outlook intact; stk can hit Rs 550 to Rs 575 mark")
ITC surpasses HUL to become the most-valued FMCG stock after 4 years
Thus far in calendar year 2023, the share price of ITC has appreciated by 48 per cent, while HUL's stock price has gained 1.3 per cent and the Sensex 8.8 per cent, respectively.
 "ITC surpasses HUL to become the most-valued FMCG stock after 4 years")
Number of crorepati employees at ITC, HUL, United Spirits up nearly 25% YoY
At ITC, the number of crorepati employees jumped by 36 per cent year-on-year to 257 in FY23 from 189 in the previous year. In HUL, 205 managers earned more than Rs 1 crore in annual salary in FY23
 "Number of crorepati employees at ITC, HUL, United Spirits up nearly 25% YoY")
What's cooking in ITC's kitchen that's made analysts bullish on the stock?
Analysts at Jefferies beleive the stock could top the Rs 600-mark, an upside of over 34 per cent from current levels
 "What's cooking in ITC's kitchen that's made analysts bullish on the stock?")
ITC Limited, Vidya Polymer submit resolution plans for Shakti Bhog
Shakti Bhog food which has defaulted on Rs 7,000 crore of bank loans
 "ITC Limited, Vidya Polymer submit resolution plans for Shakti Bhog")
ITC hits new high, up for the 5th straight day; soars 32% so far in 2023
Analysts raised their cigarette volumes growth estimate for FY24E considering market share gains from illicit cigarettes as well as strong growth in high price cigarettes.
 "ITC hits new high, up for the 5th straight day; soars 32% so far in 2023")
ITC slips 4% in 2 days post Q4 results but analysts remain bullish on stock
Thus far in the calendar year 2023, the stock has outperformed the market by surging 25 per cent, as compared to 0.55 per cent gain in the S&P BSE Sensex.
 "ITC slips 4% in 2 days post Q4 results but analysts remain bullish on stock")
ITC net profit rises 23.35% to Rs 5,175 crore in Q4FY23, beats estimates
The ITC stock closed at Rs 419.65 on the BSE, down 1.87 per cent
 "ITC net profit rises 23.35% to Rs 5,175 crore in Q4FY23, beats estimates")
FMCG index likely to hit 50,000; ITC, Britannia, Marico may rally up to 20%
The FMCG index has risen 10 per cent since the start of the current year, with ITC, Nestle India, Radico Khaitan, and Varun Beverages zoomed 31 per cent, 12 per cent, 11 per cent and 10 per cent each
 "FMCG index likely to hit 50,000; ITC, Britannia, Marico may rally up to 20%")
ITC extends rally, hits new high; surges 25% so far in calendar year 2023
Thus far in calendar year 2023, ITC surpassed Infosys, HDFC, SBI, Bharti Airtel, Adani Enterprises and Life Insurance Corporation of India (LIC) in market-cap ranking.
TMS Ep 418: IT attrition, Covid-19 wave, ITC stock, heatwave
How is Indian IT dealing with high attrition rate? Can India shrug off the Covid-19 wave? Does the rally in ITC stock have more legs? What is a heatwave? All answers here
 "TMS Ep 418: IT attrition, Covid-19 wave, ITC stock, heatwave")
ITC hits new high, tops Rs 400-mark; stock doubles in less than two years
FPIs have increased their stake in ITC for the third straight quarter to 12.87 per cent at the end of March 2023 quarter.
 "ITC hits new high, tops Rs 400-mark; stock doubles in less than two years")
