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itc

Private bank stocks showing recovery signs with long build-up, delivery buying: Anand James

by Mark McDuffie
Private bank stocks showing recovery signs with long build-up, delivery buying: Anand James

Private largecap bank stocks like HDFC Bank, ICICI Bank, Axis Bank, and IndusInd Bank, which together form around 60% of Bank Nifty, saw Long buildup or shorts being covered on …

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ITC: If India grows @6-7%, can ITC grow 14-15%? Here’s what Sanjiv Puri has to say

by Mark McDuffie
ITC: If India grows @6-7%, can ITC grow 14-15%? Here’s what Sanjiv Puri has to say

Sanjiv Puri, CMD, ITC, says the Indian economy and even rural India has been very resilient. The infrastructure that has been created, the connectivity, focus on housing and digitisation, the …

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Hot Stocks: Brokerage view on Page Industries, Zomato, Lupin and ITC

by Mark McDuffie
Hot Stocks: Brokerage view on Page Industries, Zomato, Lupin and ITC

Brokerage firm Jefferies downgraded ITC to hold and upgraded Lupin post Q3 results. Macquarie maintained an underperform rating on Zomato and an overweight rating on Page Industries. We have collated …

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Nifty: Nifty looks strong; resistance at 21,800-21,850: Analysts

by Mark McDuffie
Nifty: Nifty looks strong; resistance at 21,800-21,850: Analysts

The upward trend of Nifty is expected to persist in the near term, but the index may encounter resistance around 21,800-21,850 levels. Technical analysts suggest that a definitive move above …

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Rs 8,800-crore worth block deals take place this week; ITC, Vodafone Idea among stocks with significant action

by Mark McDuffie
Rs 8,800-crore worth block deals take place this week; ITC, Vodafone Idea among stocks with significant action

The week gone by saw Nifty50 ending with a minor decline of over 0.1% on a weak-on-weak basis. However, it was not without action as over three dozen companies from …

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Nifty overvalued by 20%, says Kotak Equities, picks Britannia, NTPC for its All-Season portfolio

by Mark McDuffie
Nifty overvalued by 20%, says Kotak Equities, picks Britannia, NTPC for its All-Season portfolio

With a nearly 20% rally in 2023, Nifty is overvalued by as much, according to a report by Kotak Institutional Equities. The brokerage remains wary of an absolute return potential …

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Mcap: Mcap of three of 10 most valued firms jump Rs 70,312.7 cr; Reliance biggest winner

by Mark McDuffie
Mcap: Mcap of three of 10 most valued firms jump Rs 70,312.7 cr; Reliance biggest winner

The combined market valuation of three of the 10 most valued firms jumped Rs 70,312.7 crore last week, with Reliance Industries emerging as the biggest winner, amid volatile market conditions. …

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Chart Check: Time to buy? ITC likely to surpass 500 levels and hit fresh record highs in 3 months

by Mark McDuffie
Chart Check: Time to buy? ITC likely to surpass 500 levels and hit fresh record highs in 3 months

ITC Ltd, part of the S&P BSE Sensex index, has underperformed the benchmark index but is seen consolidating around the breakout area of the cup and handle pattern on the …

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stock recommendations: Hot Stocks: Brokerages view on Infosys, Dr Reddy’s Laboratories, Godrej Consumer and ITC

by Mark McDuffie
stock recommendations: Hot Stocks: Brokerages view on Infosys, Dr Reddy’s Laboratories, Godrej Consumer and ITC

Brokerage firm CLSA maintained an outperform rating on ITC, Goldman Sachs recommended a buy on Godrej Consumer, JPMorgan has an underweight rating on Dr Reddy’s Laboratories and Morgan Stanley maintained …

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ITC market cap: ITC is world’s 3rd most valuable tobacco company after London-based BAT sinks

by Mark McDuffie
ITC market cap: ITC is world’s 3rd most valuable tobacco company after London-based BAT sinks

Diversified conglomerate ITC, with a market cap of $67 billion (Rs 5.6 lakh crore), surpassed British American Tobacco Plc (BAT) to become the third most valuable tobacco company in the …

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