has surged more than 40 per cent so far in the year 2022 and the rally may not be over amid positive commentary coming from most brokerage firms tracking the diversified FMCG major. The stock rallied from Rs 218 as on 31 December 2021 to Rs 307 on 1 August 2022 which translates into an … Read more
NEW DELHI: Whether you like or not, you can no longer afford to ignore it. Once the butt of all jokes on Twitter and WhatsApp, the cigarette-to-hotels stock has now regained old glory to re-enter the elite top-10 club on Indian stock exchanges. Going by the market capitalisation of all listed companies on BSE, ‘meme … Read more
Indian market snapped a 3-day winning streak on Monday to close marginally in the red following muted global cues. The S&P BSE Sensex was down by nearly 100 points while the Nifty50 managed to hold on to 16,200 levels. Sectorally, buying was seen in power, utilities, oil & gas, energy, and metals while some selling … Read more
ITC, part of diversified FMCG space, rose 25 per cent in about 6 months compared to over 9 per cent fall seen in the Nifty50, and the momentum is likely to continue in the near-term, suggest experts. The S&P BSE Sensex stock hit a 52-week high of Rs 282 on 20 May 2022 but failed … Read more
After frustrating investors on Dalal Street over the last couple of years, shares of FMCG conglomerate have seen a 21 per cent rally in 2022 so far, especially at the time when benchmark indices have seen sharp drawdowns amid fears of Fed rate hikes and heavy FII outflows. Analysts on D-Street have turned bullish on … Read more
MUMBAI: Cigarette maker wants to be a solution to the country’s Covid-19 problem. Media reports earlier today said that the FMCG company has started clinical trials of a nasal spray for the prevention of Covid-19. If the nasal spray proves to be effective, it will add a shot in the arm of the company and … Read more
NEW DELHI: Last month, a technical analyst from a prominent Mumbai brokerage posted a peculiar stock recommendation on his WhatsApp account: CMP: Rs 200 Resistance: Rs 200 Support: Rs 200 Target: Rs 200 Stop loss: Rs 200 Stock: ITC This ridiculous recommendation was obviously not serious, but in jest. Though, it was just one of … Read more
NEW DELHI: FMCG giant ITC dropped over a per cent on Friday ahead of its June quarter earnings. Analysts expect the firm to report up to 40 per cent dip in net profit. The stock was down 1.1 per cent to Rs 198.45. The scrip hit a low of Rs 197.35 during the day. The … Read more