Its stock price is up 20% since the beginning of August, against 10% rally in Sensex
After touching its all-time high of 56,198.13 in early trade, the 30-share BSE Sensex ended 14.77 points or 0.03 per cent lower at 55,944.21
BSE Metal falls 6.9%, NSE Metal 6.4% as benchmarks retreat for 2nd day
Hopes of demand recovery and plateauing of input costs coupled with stock underperformance are triggers
ITC has certainly provided a trend line breakout on all time frames and is anticipated to surge higher
Analysts said the outlook from June 2021 onwards is positive, barring the emergence of a third COVID wave
M-cap of top 10 firms has risen 12% in 1 year, against 42% rally in Nifty50
The stock gains 21 per cent; improvement in financial metrics key to sustain show
FMCG, real estate, IT report positive flows
Second wave and weak sentiment are likely to impact consumption
Analysts forecast a high, single-digit growth in sales volume along with up to 25 per cent YoY growth in net profit for the FMCG giant
The maker of KitKat chocolate bars and Nespresso coffee confirmed its full-year and medium-term sales guidance.
If the Nifty FMCG index manages to sustain above the 35,000-levels, it is expected to see a fresh breakout toward 36,200 to 36,400 levels
Formerly, known as Tata Global Beverages, Tata Consumer is currently undergoing a transformation to become a multi-category FMCG company from a food and beverage (F&B) company
Strong growth for the tech sector, margin headwinds for FMCG firms to tilt the scale in favour of the former, say analysts
Company's FMCG business to increase from 25 per cent of revenues in FY20 to 30 per cent in FY23, say analysts
The stock had run up as much as 40% since November
Shares of ITC were trading nearly 1 per cent lower on the BSE ahead of its December quarter results due to be announced later today
Sustained rural demand due to better rural economics driven by a strong kharif and rabi seasons, analysts at Sharekhan believe an over 9 per cent sales' volume growth may support overall numbers
The FMCG industry on Monday said a special focus on the agriculture sector in the Union Budget will help increase rural consumption and sustain growth momentum. FMCG manufacturers -- like ITC, Emami, Marico and Jyothy Labs -- said it is encouraging capital infusion in infrastructure, divestment and restructuring of allocations without impacting consumers negatively. The industry also said the Budget will drive consumption and growth momentum needed to revive the economy. According to ITC Chairman & Managing Director Sanjiv Puri, it is a "visionary and growth-oriented budget", which provides further impetus to build India's competitiveness as also foster inclusive growth. The enhanced capital expenditure, particularly on infrastructure, will create livelihoods and provide an accelerated thrust to the V-shaped recovery trajectory. "The heightened spends on agriculture and rural infrastructure development are aligned to the comprehensive policy interventions aimed at creating ...