ITC said the dividend will be paid between July 22, 2022 and July 26, 2022 to entitled members.
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
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.
The company delivered robust top-line growth of 15 per cent and a mid-single digit volume growth in March quarter (Q4FY22).
While analysts see near-term margin compression, on expected lines, due to rise in commodity prices, they believe HUL is relatively better placed to fight the inflation woes.
Palm oil is used in products like cooking oil, processed foods, cosmetics and biofuels.
Analysts expect the maggi maker to report muted profit in the March quarter 2022 due to sluggish rural demand sentiment and input cost inflation.
Analysts attribute the poor showing by FMCG and auto stocks to a combination of demand slowdown and rising input costs
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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
Despite the correction, analysts at HDFC Securities expects more valuation risks in the next few years
Despite the correction, our valuations relative to other emerging markets (EMs) haven't yet come off. Thus, FIIs are a bit cautious
Shares of multiplex restaurant owners are likely to be in focus on easing of Covid-19 related curbs in Maharashtra.
In the past six months, the stock has declined 12 per cent, as compared to a 0.37 per cent decline on the S&P BSE Sensex.
ICICI Securities believes stable taxation on cigarettes would result in high growth in cigarette volumes in the medium term.
Major FMCG stocks are not showing exciting structure on charts, better play is to avoid them.
Analysts expect nearly 200 basis points year-on-year fall in HUL's gross margins for the December quarter due to high commodity prices.
Data from retail intelligence platform Bizom also shows that retailers are stocking-up more than normal