ITC Ltd. News and Updates

Name: Latest research reports of ITC Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: ITC Ltd.
Rating: 4
Author: ICICI Securities Limited

Keep track of all breaking news on ITC Ltd. from all sources in a single place.

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ITC Ltd.

20 Oct 2023

416.35

-0.70%

Cigarettes and FMCG hold steady while hotels business shines

Accumulate: ITC Ltd.

ICICI Securities Limited

Cigarette business continues to report steady revenue growth (+10% YoY; 17% 2Y CAGR), while cigarettes volume growth of ~4-5% is tad below our estimates. Market share gains from the informal segment continue due to (1) stability in taxes and (2) deterrent action by enforcement agencies. We expect volume growth for the formal industry to remain healthy in FY24.

ITC Ltd. has an average target of 517.25 from 8 brokers.

ITC Ltd.

19 Oct 2023

416.35

-0.70%

ITC

Buy: ITC Ltd.

Target

Sharekhan

ITC Ltd. has an average target of 517.25 from 8 brokers.

ITC Ltd.

22 Sep 2023

416.35

-0.70%

CXO 1*1: Supratim Dutta, CFO

Accumulate: ITC Ltd.

ICICI Securities Limited

We launch a new report series on CXO 1x1. We met Supratim Dutta, ED & CFO, ITC. Takeaways: 1) Volume growth momentum in cigarettes is likely to continue driven by a stable tax environment and relative end price stability. 2) Premiumisation across segments driven by innovation and differentiation. 3) Growth in FMCG segment to be driven by fortifying core categories (Staples, Biscuits, Noodles, Snacks, Personal Care) while expanding into adjacencies.

Number of FII/FPI investors decreased from 1675 to 974 in Mar 2025 qtr

ITC Ltd.

21 Sep 2023

416.35

-0.70%

ITC signs 70-key Welcomhotel resort in Kalimpong

Business Line

This 70-key greenfield upper-upscale project, spread over 4 acres will offer plush rooms with spectacular views of the Himalayas and the valley

Sharekhan decreased Buy price target of ITC Ltd. to 522.0 on 26 May, 2025.

ITC Ltd.

06 Sep 2023

416.35

-0.70%

Chennai: ITC asked to fork out Rs 1 lakh for packing one biscuit less in a pack, says report

Business Today

A Chennai-based consumer forum directed ITC Limited to pay Rs 1 lakh for packing one biscuit less in a 16-biscuit 'Sun Feast Marie Light' packet after a consumer filed a case against the firm regarding the issue

ITC Ltd. has an average target of 517.25 from 8 brokers.

ITC Ltd.

04 Sep 2023

416.35

-0.70%

ITC to invest 1,500 crore to set up food manufacturing, packaging plants in MP

Business Line

The two projects spread over an area of nearly 57 acres will give a boost to agricultural and manufacturing sectors in Madhya Pradesh, ITC said in a statement

ITC Ltd. average weekly volume is high.

ITC to invest Rs 1,500 crore in Madhya Pradesh; set up food and packaging facilities

Business Today | 04 Sep 2023

ITC Ltd.

01 Sep 2023

416.35

-0.70%

Stocks to buy or sell today: ITC, ACC among top 6 trading ideas

Economic Times

Since it is the beginning of the new series, options data is scattered at various far strikes in the monthly series. On the weekly options front, the maximum Call OI is placed at 19400 and then towards 19500 strikes.

Sharekhan decreased Buy price target of ITC Ltd. to 522.0 on 26 May, 2025.

ITC Ltd.

29 Aug 2023

416.35

-0.70%

G20 Summit: New Delhi gears up for mega event, security beefed up; public holidays announced

Business Today

As part of the preparations, multiple hotels in Delhi-NCR have been earmarked for attendees. Rooms have been booked in leading hotels including ITC Maurya, Taj Palace, Shangri-La, The Imperial, Le Meridien, JW Marriott, among others.