ITC Ltd

(ITC)

ITC Shares Decline, Market Cap Drops Significantly - 21 Nov, 2024

ITC shares fell by 1.86%, closing at Rs 458.65, resulting in a market cap loss of Rs 10,868 crore amid broader market volatility.

ITC Shares Rise, Market Cap Increases Significantly - 19 Nov, 2024

ITC Limited's shares gained 1.44%, closing at Rs 473.25, leading to a market capitalization of Rs 5,92,021.19 crore. The stock shows strong investor confidence in the FMCG sector.

Ferns N Petals Appoints New HR Head - 18 Nov, 2024

Ferns N Petals has appointed Abhishek Saklani as HR Head. With over a decade of experience in the hospitality sector, he aims to align HR strategies with business goals.

ITC Allots Shares Under Employee Stock Option Scheme - 15 Nov, 2024

ITC has allotted 11,19,510 ordinary shares of Re 1 each following the exercise of options under its Employee Stock Option Schemes. This increases the company's issued share capital.

ITC Market Cap Falls Amid Stock Decline - 14 Nov, 2024

ITC's shares fell by 1.10%, resulting in a market cap reduction of Rs 6,387 crore. Despite this, analysts remain optimistic about ITC's diversified business model.

ITC's Bingo! Partners to Promote Pickleball in India - 11 Nov, 2024

ITC's snack brand Bingo! has entered a five-year partnership with the All India Pickleball Association to promote the sport in India. The initiative includes organizing college tournaments across 23 states, aiming to engage thousands of students and foster a new generation of players.

ITC Market Cap and Stake Acquisition Update - 10 Nov, 2024

On November 8, 2024, ITC's market cap reached ₹5,98,026 crore with shares closing at ₹478.05. ICICI Lombard acquired a 0.05% stake for ₹245 crore on November 6, 2024.

ITC Plans Major Investment and Expansion Initiatives - 08 Nov, 2024

ITC Limited, led by Chairman Sanjiv Puri, plans to invest Rs 20,000 crore in eight new manufacturing units, while advocating for an expanded PLI scheme to support more sectors.

Insurer Acquires Stake in ITC for ₹245 Crore - 07 Nov, 2024

An insurer has invested ₹245 crore to acquire a 0.05% stake in ITC, a major Indian conglomerate. ITC reported a turnover of ₹76,840 crore for FY 2023-24, with a market capitalization of ₹60,210 crore as of November 6, 2024.

ITC Reports Strong Revenue Growth and Profitability - 06 Nov, 2024

ITC Ltd has achieved a CAGR of 14% over five years, with significant revenue growth and a high dividend payout ratio of 80%, attracting institutional investors.

ITC Reports Strong Q2 Growth Amid Market Insights - 05 Nov, 2024

ITC reported a 15.6% YoY increase in Q2 topline, with net profit slightly below expectations. Analysts recommend buying shares targeting Rs 540.

ITC Faces Stake Sale, Analyst Recommends Buy - 01 Nov, 2024

ITC's Q1FY25 results showed revenue growth but declining margins. British American Tobacco plans to sell part of its stake, impacting share prices. Analyst Rajat Sharma recommends ITC as a long-term buy with a target of Rs 650.

ITC Reports Strong Q2FY25 Performance, Target Set - 30 Oct, 2024

ITC's Q2FY25 results exceeded estimates, with growth in various segments. Anand Rathi recommends a BUY rating with a target price of ₹560.

ITC's Growth Strategy and Positive Market Outlook - 29 Oct, 2024

ITC Limited is positioned for growth with a strong market presence and strategic initiatives. Analysts recommend buying at ₹482, targeting ₹594, while recent results show positive revenue performance.

ITC Reports Earnings and New Partnerships - 28 Oct, 2024

ITC's recent performance shows strong topline growth despite rising raw material costs impacting margins. Analysts maintain positive ratings, while ITC partners with Pizza Hut for new beverage offerings.

ITC Reports Profit Growth and Increases Shareholding - 26 Oct, 2024

ITC Ltd reported a 1.8% increase in net profit for the September quarter, leading to a 2% rise in shares. The company also increased its stake in EIH and HLV as part of its hotel business consolidation and demerger strategy.

ITC Reports Strong Q2 Results, Shares Surge - 25 Oct, 2024

ITC Ltd reported a 3% increase in net profit for Q2FY25, driven by strong performance in cigarette volumes and agri business. Revenue surged 16.8%, leading to a 3.64% rise in share price. Analysts issued bullish recommendations following the impressive earnings report.

ITC Reports Q2 Results Amid Share Consolidation - 24 Oct, 2024

ITC Ltd's board approved share acquisitions in EIH and HLV while reporting Q2 net profit of Rs 5,078.3 crore, up 3.1% YoY. However, operating margins fell to 32.8%, the lowest in nearly three years, leading to a 1.81% drop in share price.

ITC Prepares for Q2 Earnings Amid Demerger Plans - 23 Oct, 2024

ITC is set to announce its Q2 results on October 24, with revenue expected to rise 7.4% YoY. The company is also finalizing the demerger of its hotel business, with British American Tobacco planning to exit post-listing. Analysts predict modest growth in cigarette volumes and potential margin pressures due to inflation in inputs.