Crisil, Hindustan Aeronautics, MRPL, ITC, and Welspun Corp have logged smart gains despite the broader market weakness.
ITC said the dividend will be paid between July 22, 2022 and July 26, 2022 to entitled members.
According to the technical analyst, ITC has given a confirm breakout above Rs 272, hence the stock can potentially rise to Rs 290.
Cigarette volumes, price growth in FMCG biz, and agri exports to drive revenue
Though ITC is 40 points short from its all-time high of Rs 315.25-mark, the present scenario on the daily and weekly charts point to a strong up move
Consolidated revenue from operations rose 14% to Rs 17,554 crore as against Rs 15,404 crore in Q4FY21
Stocks to watch today: At 7:26 am, the SGX Nifty futures were quoting 16,223 levels, signaling 30-40 point loss for the 50-packed index.
ITC is better-placed than peers with improving cigarette performance and strong earnings visibility, analysts.
ITC will announce its Q4 results and declare final dividend on May 18, 2022.
Per capita availability of milk in West Bengal is 'low', one-third of the national average of 427 grams per day, a company official said
ITC picks 10 per cent stake in company to expand its presence in the mother-and baby care segment
Analysts expect ITC to report a relatively stronger quarter, with the improvement in cigarettes and other divisions and lesser margin pressure compared to FMCG peers.
For Q4FY22, Motilal Oswal Financial Services expects ITC to post a 4 per cent growth in Cigarette business volumes with a 4.1 per cent/12.4 per cent YoY increase in sales/EBITDA
In November 2020, ITC had rallied 17.2 per cent in a single month, while in June 2009, it had zoomed 31 per cent during the month
ITC stock has finally started to move. If analysts are to be believed, there is more headroom in this counter. Here's a quick check on how fundamental analysts see ITC do over the next few months
Steady cigarettes demand, rising agri exports, better prospects of hotels and paper businesses, low valuation and reasonable dividend yield key triggers
Instead of a recovery in gross margins in fiscal 2022-23 (FY23), Jefferies now builds-in 50-200 basis point (bps) YoY decline, assuming crude stays closer to $100 a barrel and palm oil at $1,500/MT
In comparison, the S&P BSE Sensex and the S&P BSE FMCG index were up 1.6 per cent and 0.6 per cent, respectively, in the past one month
The stock was up 2% at Rs 242 on the BSE in intra-day deal, its highest level since November 18, 2021
In the past six months, the market price of ITC has gained 5.5 per cent, as compared to a 7 per cent decline in the Sensex.