Page 15 - Itc

ITC hits fresh 52-week high; stock surges 17% in one month

ITC hit a fresh 52-week high of Rs 315, up 2.5% on the BSE, was the largest gainer among the S&P BSE Sensex at 09:38 am.

ITC's cash cows: Gains from investments in EIH, Leela touch Rs 11 billion

ITC chairman Y C Deveshwar says the company had bought EIH shares when they were around Rs 35 a piece

ITC open to acquisition of GSK's Horlicks at right price when up for sale

GSK had gone for a strategic review of the Horlicks brand to fund the Novartis deal pegged at $13 billion

ITC is India's 4th most valued firm in m-cap, overtakes Hindustan Unilever

With this, ITC also became the most valued FMCG company

ITC hits 52-week high as Q1 profit beats estimates; stock surges 5%

The stock surged 5% to Rs 302 on the BSE on Friday after the company reported a better-than-expected 10% year-on-year jump in net profit at Rs 28.19 billion in June quarter.

With rising share of FMCG biz, ITC presents a bottom-fishing opportunity

Many analysts also foresee an improvement in the cigarette business

ITC to mull Telangana govt's requests to takeover AP Rayons factory

The plant was closed due to losses and other reasons; state efforts to restart operations failed

ITC to add 2,500 rooms in 5 years, to invest Rs 25 billion

ITC on Monday formally inaugurated ITC Kohenur, a luxury hospitality project at Hitec City, constructed at a cost of Rs 7.75 billion

ITC extends chairman Deveshwar's tenure by 2 years, shareholder nod pending

Earlier, at the AGM of 2016, shareholders had approved his appointment for a period of three years with effect from February 5, 2017

ITC trading higher for third straight day; stock up 6% in three days

The stock was up 4% at Rs 278 on Wednesday, trading higher for the third straight trading day on the BSE, on back of heavy volumes.

ITC tweaks BNatural juice ad campaign following PepsiCo India suit

The revised campaign had no mention of Tropicana and the phrase '#saynotoconcentrate'

ITC: Volume recovery in cigarettes, scaling up of FMCG biz are positives

ITC is looking to replicate its success in the branded wheat segment, where it leads with a 28 per cent market share, by launching new products/foraying into new segments

ITC keen to invest in organic farming, aqua cultivation in Odisha

Diversified conglomerate ITC Ltd is exploring possibilities of investments in organic farming and aqua cultivation in Odisha."We have a lot of expansion plans at ITC Agri Business Division. Basically, we are exploring possibilities in organic farming and shrimps. In the medium to long term we are interested for investment in Odisha. However, everything is in the primitive stage", said P Venkat Ram Reddy, general manager - Industry Affairs, ITC Ltd (Agri Business Division), on the sidelines of Krushi Odisha - Odisha Investor Summit: Session on Opportunities in Agriculture and Sea Food Processing Sector jointly organized by Odisha's Department of Agriculture and Farmers' Empowerment and the Confederation of Indian Industry (CII).ITC is also looking for opportunities in organic cotton farming.The Odisha government also unveiled a compendium of Investible Projects in Agriculture & Allied sectors in the state."The investible projects will attract investments ranging from Rs five lakh ..

ITC's food division eyes 10% revenue from chocolates in next 5 years

The chocolate industry in the country is pegged at Rs 8,000 crore

ITC gets future-ready as FMCG challenges grow

The company is looking to introduce new brands and venture into adjacencies faster than before in consumer goods

A new ITC is in the making, says Sanjiv Puri

ITC has diversified over past two decades into many businesses that now generates 58% of its revenue

Proxy advisory movement likely to emerge stronger from ITC case

Reaction underlines increasing importance of the industry, says Subramanian of Ingovern

ITC files Rs 1,000 crore defamation suit against IiAS in Calcutta HC

For allegedly making defamatory statements against the company and its directors

Decline in cigarette volumes to weigh on ITC

Price hikes could lead to deterioration in product mix of the cigarette business

ITC's 64 mm budget brand cigarette sales to go up in GST regime

> Sales of ITC Ltd's budget cigarette brands in the 64 mm category is likely to go up as people are projected to downgrade purchases from the 69 mm category post the recent 6-7 per cent price hike as a result of higher taxes under the GST regime. Although analysts project the company is likely to suffer decline in its sales volume, operational margins of the company are poised to remain stable. The 69 mm category is estimated to currently contribute the largest annual sales volume at 30-35 per cent while the 64 mm budget brand category contributes 25 per cent of total sales. The premium priced King size or 84 mm, comprises 20 per cent of the volume while the rest of the sales comes in from the 74 mm category. "It should be noted that upper category where prices have touched Rs. 150 for a pack of 10 sticks is mostly inelastic in consumer demand while the demand elasticity is very high in thee 69 mm and 64 mm categories", Sameer Deshmukh, research analyst with Reliance Securities ...