ITC STOCK TARGET
Vodafone PLC likely to sell a 9.94% stake in Indus Towers on Wednesday via block deals
This could become India's second-largest block deal, following the ITC transaction in March, where British American Tobacco Plc sold a 3.5% stake in ITC through an open market transaction for approximately Rs 17,485 crore. Buyers in the block deal will have a 90-day lock-in period. Morgan Stanley, Bank of America, BNP Paribas, and Jefferies are the placement agents for the transaction.
Women are taking stock: As more women enter the high-net-worth category, their investment choices are also changing
Deepika Gehani, the cofounder of Genesis Luxury, represents the trend of affluent Indian women shifting towards equity investments. Nupur Garg, founder of Winpe, shares a similar sentiment on increasing risk appetite with growing wealth. The survey by Waterfield Advisors highlights women's interest in equity investments, with a focus on financial literacy emphasized by Priti Rathi Gupta. Anuj Kapoor from JM Financial Services notes the active role of female UHNIs in wealth management, while Devna Shah and Suhasini Sampath provide insights on equity and real estate investments.
Nifty bull case target at 27,100, says Prabudas Lilladher. Bets on Reliance, ITC
Domestic brokerage firm Prabhudas Lilladher said that it values Nifty at 5% premium to 15-year average PE 20.2x to arrive at bull case target of 27,102 as it showed conviction on large cap firms like ITC, RIL, HDFC Bank among others.
Sensex, Nifty end flat after volatile session ahead of US Fed rate decision, CPI data
The Indian benchmark equity indices, Sensex and Nifty50, concluded Tuesday's trading session with marginal movement, as investors awaited the Federal Reserve's policy decision and consumer price inflation data scheduled for Wednesday.
After a 5% rally in 2 days, ITC earns a downgrade. Here's why
Emkay Global downgraded ITC to 'add' at Rs 460 citing near-term pressures like margin stress. Analysts' recommendations from Trendlyne data show 31 buy, 2 hold, and 1 sell. ITC shares yielded negative returns recently.
Add ITC, target price Rs 460: Emkay Global
ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 539652.09 Crore) operating in Tobacco sector.
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ITC Demerger: IiAS advises shareholders to vote against splitting of hotels business
IiAS does not see any substantial value unlocking for ITC’s hotel business and thus recommends shareholders to vote against the proposed demerger of the business. The advisory firm called it a lack of clarity on the part of the board of directors on the plan for the 40% holding in the hotels business.
ITC share price targets go well beyond Rs 500 after Q4 results. Should you buy, sell or hold?
ITC's Q4 results disappoint investors, shares drop nearly 1% to Rs 437.85. Brokerages raise target prices up to Rs 540. Citi sets target at Rs 515, warns of regulatory impact. Morgan Stanley targets Rs 506, CLSA at Rs 470. Motilal Oswal sees defensive potential, Kotak trims EPS, targets Rs 465. JM Financial holds highest target of Rs 540, emphasizes on cigarette volume growth and capital allocation strategy for rerating.
Hot Stocks: Brokerage view on BSE, Indigo, ITC; Goldman downgraded Gujarat Pipavav
Goldman Sachs maintains buy on ITC with a target of Rs 480, downgrades Gujarat Pipavav to neutral, raising target to Rs 220. BofA Securities retains buy on InterGlobe Aviation, target Rs 4900. Investec initiates buy on BSE, target Rs 3400, citing market share gains and attractive valuations.
Buy ITC, target price Rs 515: Motilal Oswal
Promoters held 0 per cent stake in the company as of 31-Mar-2024, while FIIs owned 40.95 per cent, DIIs 33.14 per cent.
ITC Q4 Results: Net profit drops marginally to Rs 5,020 crore
Revenue from operations went up by 1.4% at Rs 17,752.87 crore in the period under review. The company said excluding the agri-business (which was severely impacted due to government restrictions in trade of agri-commodities), the company’s gross revenue during the fourth quarter has gone up by 6% y-o-y.
Sun Pharma shares tumble 5% but brokerages raise target up to Rs 1,785. Should you buy, sell or hold?
In Thursday's trading session on the BSE, shares of Sun Pharmaceutical Industries declined by 5%, reaching the day's low of Rs 1,467. This drop occurred despite the company reporting a 34% year-on-year (YoY) increase in its Q4 profit to Rs 2,654.6 crore, with revenue rising by 10.1% YoY to Rs. 11,813 crore in Q4FY24.
Stock Radar: Consumption stocks on radar! ITC eyeing breakout above 200-DMA; should you buy now?
ITC hit a high of Rs 499 on July 24, 2023, but failed to hold the momentum. 200-DMA on the daily charts is likely to act as a stiff resistance. A close above the same is expected to take the stock towards 465 levels in 3-4 weeks.
Tactical investing in volatile times. These 5 FMCG stocks can give more than 21 % returns in one year
As volatility sees a sharp spike in markets. At this point of time it might be good to stay with sectors and stocks, where there are strong fundamentals. But they have been underperforming in bull run but at the same time and have a history of outperforming in bearish and volatile markets. Fitting this are a set of FMCG stocks where news flow and sentiment have been negative for quite some time. But as the markets get jittery and money moves from one sector to another, these stocks may outperform a bearish market. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Sensex opens marginally higher tracking postive global cues; Nifty above 22,450
Indian benchmark indices opened higher. HUL, Nestle India, Godrej Consumer Products surged, while Lupin declined. Nifty FMCG, Marico, Dabur, Financial Services, PSU Bank, Consumer Durables, Oil & Gas gained. Global markets rise, oil prices up, rupee strengthens.
ITC Hotels Demerger: ITC to hold meeting of ordinary shareholders on June 6 to approve scheme
The move comes following an order by the National Company Law Tribunal (NCLT) to convene a meeting of the ordinary shareholders of the company.
GQG increases stake in Patanjali Foods by nearly 4 times, stock jumps 5.3%
GQG had invested around Rs 2,400 crore for acquiring a 5.96% stake in the offer for sale of Patanjali in July 2023. The US-based investment firm has been increasing its exposure to India after investing in the Adani group. It holds positions in companies including ITC and Sun Pharmaceutical Industries.
Mutual funds buy 19.71 crore shares of ITC in March
Fund houses together owned 140.91 crore shares of ITC as of March-end. In value terms, the ITC shares worth Rs 11,120 crore were bought by MFs taking the total value of these shares to Rs 60,360 crore.
ITC, TCS among top largecap additions by mutual funds in March
Among the funds shopping for ITC were ICICI Prudential MF which topped the charts with a share purchase worth Rs 4,892 crore. As for TCS, SBI MF's prominent addition in March was this IT stock where the latter bought shares worth Rs 2,205 crore
Zomato, SBI, ITC among Motilal Oswal’s top 11 largecap picks
Nifty is currently trading at a 12-month forward PE of 19.4x versus LPA of 20.3x. Motilal Oswal selects 11 largecap stocks as its top ideas, Of these two are non-Nifty players
Buy ITC, target price Rs 500: Motilal Oswal
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 20141.33 Crore, up 9.23 % from last quarter Total Income of Rs 18439.35 Crore and up 10.06 % from last year same quarter Total Income of Rs 18299.95 Crore.
Fundamental Radar: Why is ITC a preferred largecap play in volatile market? Kaustubh Pawaskar explains
Sharekhan by BNP Paribas recommends ITC, a largecap company, for its growth plan, steady balance sheet, and favorable valuation. With a "buy" rating and price target of Rs 515, it offers over 20% upside potential.
BAT sells ITC stake for Rs 17,400 crore; over 30 institutional investors pick up shares
The big sale by BAT turned out to be a blessing in disguise rather than a nightmare for shareholders of ITC, as the stock shot up nearly 9% intraday. The stock ended 4.5% higher on the BSE at Rs 422.40. This indicates the strong institutional interest in the stock given the upbeat growth outlook.
Technical Breakout Stocks: How to trade TCS, Colgate-Palmolive and ITC on Thursday
The S&P BSE Sensex plunged more than 900 points while the Nifty50 failed to hold on to 22,000 towards the close of the session. Sectorally, selling was seen in utilities, power, public sector, metals and telecom stocks.
BAT to sell 3.5% stake in ITC via block deal
ITC's largest shareholder BAT Plc on Tuesday said in a statement that its wholly-owned subsidiary Tobacco Manufacturers (India) Ltd will sell around 3.5% stake in ITC Ltd to institutional investors by way of a block deal and has launched the process.
BAT planning to launch ITC selldown as soon as this week
London-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC stock through block trades, the people said.
Market Trading Guide: ITC, Tech Mahindra among 6 stock recommendations for Friday
Domestic equity indices shrugged off losses to end higher in a volatile session on Thursday, led by a rebound in IT stocks and supported by gains in ITC. The S&P BSE Sensex closed 0.74% higher at 73,158, while the NSE Nifty50 index ended above the 22,200 level. "Nifty has formed a strong bullish candle after successfully testing its support level of 21,930 and is all set to move toward the target of 23,120 (Ascending Triangle Breakout)," said Aditya Gaggar, director of Progressive Shares. Here are 6 stock recommendations for Friday:
ITC share price nears upper band of historical consolidation. How to trade next week?
“Recently, large-cap stocks have experienced robust buying, including large-cap auto, banking, and IT stocks. Despite this, strong profit booking in small-cap stocks has contributed to underperformance in the small-cap index compared to the Nifty.”
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