ITC shares fall 2% post Q3; analysts see up to 23% upside
Hotels business was a stand-out contributor, followed by FMCG, while paperboard and agri remained under severe pressure.
itc hotel business
January 2024
July 2023
February 2023
August 2022
ITC board approves demerger of hotel biz
ITC will hold a stake of about 40% in the new entity and the balance shareholding of about 60% to be held directly by the company's shareholders
ITC shares hit fresh all-time high ahead of Q3; surge 11% in 4 sessions
Shares of cigarette-to-hotel conglomerate gained as much as 6.3% in early trade to hit a fresh record high of ₹384.4 even after the government raised duty on cigarettes by 16%.
ITC Q1 net profit up 34% at ₹4,390 cr; revenue rises 37.2%
Profit led by FMCG segment and cigarette business; ITC says geopolitical tensions and supply chain issues hardened commodity prices, creating “unprecedented” inflationary conditions
