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ITC share Price: ITC shares rose 2% after the FMCG major reported June-quarter results, despite a 27% YoY decline in standalone net profit. Revenue grew 28%, while Nomura upgraded the stock to Buy, citing an attractive risk-reward profile and potential recovery in cigarette profitability. ITC also warned that imported inflation, a weak monsoon, lower kharif sowing and West Asia tensions could p….
ITC shares gain 3% after Q1 results. Here’s why Nomura upgraded the stock to Buy
Impact Score
Market Sentiment
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ITC share Price: ITC shares rose 2% after the FMCG major reported June-quarter results, despite a 27% YoY decline in standalone net profit. Revenue grew 28%, while Nomura upgraded the stock to Buy, citing an attractive risk-reward profile and potential recovery in cigarette profitability. ITC also warned that imported inflation, a weak monsoon, lower kharif sowing and West Asia tensions could p…
Key Highlights
ITC share Price: ITC shares rose 2% after the FMCG major reported June-quarter results, despite a 27% YoY decline in standalone net profit.
Revenue grew 28%, while Nomura upgraded the stock to Buy, citing an attractive risk-reward profile and potential recovery in cigarette profitability.
ITC also warned that imported inflation, a weak monsoon, lower kharif sowing and West Asia tensions could p….
Source
Economic Times
Published
2h ago
Impact Score
75 / 100
Category
Corporate Earnings
Positive near-term momentum expected in Corporate Earnings as market digests this development.
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