Archive · 23 May 2025
ITC Shares Rise Over 3% Amid Brokerage Revisions
ITC, a large company, saw its stock price go up today.
This happened despite a report showing only a small increase in profit.
However, if you include the money from the sale of a part of the business, the profit was much higher.
The company also announced it would pay out money to its shareholders.
Some analysts are worried about how well the company is doing in areas other than tobacco, while others think the stock is still a good investment.
They suggest keeping an eye on how well ITC sells its products in the near future.
ITC shares rose over 3% during intraday trading on Friday.
The stock recovered after a subdued earnings report.
ITC reported a modest increase in standalone net profit for the March quarter.
Revenue grew by 9.6% compared to the previous year.
The company declared a final dividend of Rs 7.85 per share.
- Who
- ITC
- What
- ITC's stock price increased
- When
- May 23, 2025, during intraday trading
- Where
- Mumbai
- Why
- Investors focused on long-term fundamentals, despite a subdued earnings report.
Stock Performance
Brokerage Views
Market Outlook
Stock Performance
Some brokerages raised concerns over margin pressure and sluggish growth in non-tobacco segments.
Brokerage Views
Other brokerages continue to back the stock on the strength of its cigarette business and potential recovery in FMCG.
- Intraday Stock Price
- Rs 437.95
- Percentage increase
- 2.78%
- Dividend per share for FY25
- Rs 7.85
