Premium
This is an archive article published on September 23, 2011

ITC stock at 8216;buy8217;. Cigarette prices up?

BofA-ML expects ITC to increase by 10 percent prices of select cigarette brands.

google-preferred-btn

Bank of America Merrill Lynch BofA-ML expects ITC Ltd to increase by 10 percent prices of select cigarette brands.

We see upside risks to estimates led by this and better-than-expected margins,the Wall Street bank said in a note.

It has maintained its 8216;buy8217; rating on ITC stock with price target of Rs 235.

The bank also expects ITC to report a robust 20 percent growth in net profit in the second quarter led by volume growth in cigarettes,improvement in cigarette margins and reducing losses in the FMCG segment.

At 11.39 a.m.,the stock was at 189.30 rupees,down 0.9 percent.

Company INFO More on ITC

Stocks More on ITC

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
The incident sparked a political row, with critics accusing the CM of overstepping his boundaries.
Bihar doctor whose hijab Nitish pulled down fails to join duty
Bangladesh Protests LIVE Updates
Bangladesh interim chief Yunus says 10 arrested in Hindu youth lynching case
While Malayalam cinema has always been known for its realistic, rooted narratives that analyse the different shades of human life in depth, Sreenivasan gave it a fresh twist. He humourised the sufferings, but not in an insensitive or inconsiderate manner.
Sreenivasan: The legendary actor-filmmaker who rejected the beaten path and reshaped Malayalam cinema
Malayalam actor Sreenivasan passes away at 69
Veteran actor Sreenivasan passes away at 69
Dolphins in mumbai
Dolphins swimming near Mumbai’s Worli Sea Face captivates residents; video goes viral
China hotel gaming addict
Chinese hotel staff find room buried in trash after guest's two-year stay: WATCH
India T20 World Cup squad Shubman Gill
Shubman Gill dropped for T20 World Cup as selectors opt for Powerplay boost, team balance
Shubman Gill India exclusion T20 World cup squad
India’s T20 World Cup squad: Shubman Gill's omission a result of preferring specific combinations over reputation
MGNREGA, VB-G RAM G
With MGNREGA, India set an example for the world. VB-G RAM G destroys that legacy
The new withdrawal norms reduce the share of the mandatory annuity portion, easing the lumpsum payouts to NPS subscribers.
What new NPS norms say: higher lump sum withdrawal, exit age raised
Get your LDL cholesterol level tested early
How early should you get a LDL cholesterol test?
From a fashion statement perspective, wireless headphones offer a certain effortlessness and nonchalance. (Image: Bijin Jose/The Indian Express)
Why wired headphones are quietly making sense again
Advertisement
Must Read
Shubman Gill dropped for T20 World Cup as selectors opt for Powerplay boost, team balance
India T20 World Cup squad Shubman Gill
India’s T20 World Cup squad: Shubman Gill's omission a result of preferring specific combinations over reputation
Shubman Gill India exclusion T20 World cup squad
Shubman Gill informed about omission by Ajit Agarkar from T20 World Cup squad after selection committee meeting
Shubman Gill Ajit Agarkar India T20 World Cup
Why wired headphones are quietly making sense again
From a fashion statement perspective, wireless headphones offer a certain effortlessness and nonchalance. (Image: Bijin Jose/The Indian Express)
OpenAI CEO Sam Altman believes ‘infinite memory’ matters more than smarter AI reasoning
Altman says AI memory is still in early days, but it will only get better.
Samsung introduces Exynos 2600, the world's first 2nm smartphone processor
The Exynos 2600 might make its debut on the Galaxy S26 series.
How early should you get a LDL cholesterol test?
Get your LDL cholesterol level tested early
Advertisement
Buzzing Now
Dolphins swimming near Mumbai’s Worli Sea Face captivates residents; video goes viral
Dolphins in mumbai
Chinese hotel staff find room buried in trash after guest's two-year stay: WATCH
China hotel gaming addict
Delhi Police uses viral ‘Dhurandhar’ ‘Day 1’ trend to warn against mobile scams
Delhi Police Dhurandhar day 1 trend
Groom books chartered flight after sudden IndiGo cancellation to reach wedding on time; video goes viral
Groom books chartered flight after IndiGo cancellation
‘Indians have the worst civic sense’: Foreigner stops people from riding on Pune footpath; video goes viral
Foreigner stops people from riding on Pune footpath
Dec 20: Latest News
Advertisement