FMCG major ITC’s weight will go up in the S&P BSE Sensex, resulting in likely inflows of $50 million, according to estimates by Nuvama. Today, Sensex will adjust ITC’s free …
Notwithstanding a higher-than-estimated profit after tax (PAT) in the December quarter, ITC shares fell 1.5% to the day’s low of Rs 443.10 on the NSE on an operationally weak quarter …
Notwithstanding a lower-than-estimated June quarter revenue posted by ITC, brokerages remain optimistic about the prospects of the FMCG major while estimating a 10-25% upside in the stock. Morgan Stanley revised …
Amnish Aggarwal, Head-Research, Prabhudas Lilladher, says “the only thing is that the balance sheet will become a tad lighter because Hotels will not be a subsidiary. The numbers will not …