ITC Ltd

(ITC)

NCLT Approves ITC Hotels Demerger Plan - 05 Oct, 2024

The National Company Law Tribunal has sanctioned ITC Ltd's demerger of its hotel business, allowing shareholders to receive shares in ITC Hotels Ltd. ITC will retain a 40% stake, with the demerger expected to enhance value and capital allocation.

ITC Vivel Launches New Brand Communication - 04 Oct, 2024

ITC Vivel introduces its new brand communication, 'The Magic of Soft Touch,' highlighting the emotional and transformative power of touch in personal care products.

ITC Expands Portfolio and Receives Target Price Upgrade - 03 Oct, 2024

ITC's recent activities include acquiring Blazeclan Technologies, launching new products, and opening a restaurant, while HSBC raises its target price to Rs 580, reflecting confidence in the company's growth potential.

ITC Infotech Acquires Blazeclan Technologies - 02 Oct, 2024

ITC Infotech India Limited has acquired a 100% stake in Blazeclan Technologies for up to Rs 485 crore. This strategic acquisition, effective October 1, 2024, enhances ITC's capabilities in cloud services, enabling better service in multi-cloud and hybrid environments.

ITC Infotech Acquires Blazeclan Technologies for Growth - 01 Oct, 2024

ITC's subsidiary, ITC Infotech, has acquired Blazeclan Technologies for Rs 485 crore, strengthening its cloud service capabilities and supporting digital transformation for clients.

CII Highlights Climate Risks for Tamil Nadu Automobile Industry - 30 Sep, 2024

Sanjiv Puri, President of CII and Chairman of ITC Limited, emphasizes the high climate risks faced by Tamil Nadu's automobile industry, urging enterprises to identify and adapt to these challenges.

ITC Launches Bakery Cafe and Supports Flood Relief - 27 Sep, 2024

On September 27, 2024, ITC Sunfeast Baked Creations inaugurated its first bakery cafe in Bangalore, enhancing its market presence. Additionally, ITC donated ₹2 crore for flood relief efforts in Andhra Pradesh, showcasing its commitment to social responsibility. Future expansion plans for more cafes in Bengaluru and Chennai were also announced.

ITC Shares Reach Record High, Market Cap Surges - 26 Sep, 2024

On September 26, 2024, ITC shares hit a record high of Rs 522.45, with market capitalisation exceeding Rs 6.5 lakh crore. The company also increased its stake in Sproutlife Foods to approximately 47.5% through a Rs 255 crore investment. ITC's stock has shown strong performance, yielding a multibagger return of 119% over three years.

ITC Ltd Expands Footprint in Food Sector - 25 Sep, 2024

ITC Ltd has announced the acquisition of 1,413 Compulsorily Convertible Preference Shares in Sproutlife Foods for Rs 300 million, emphasizing its strategic focus on innovative food products.

ITC Hotels Demerger Approved, Share Split Announced - 23 Sep, 2024

ITC Ltd's shareholders overwhelmingly approved the demerger of ITC Hotels, which will be listed with a 10:1 share split. ITC retains a 40% stake in the hotel business.

Sharekhan Recommends Buy for ITC Shares - 18 Sep, 2024

Sharekhan has issued a bullish report on ITC, recommending a 'BUY' rating and raising the price target to Rs 595. The report highlights expected steady growth in ITC's cigarette and non-cigarette FMCG businesses, with overall earnings projected to grow in double digits over the next two years. The recovery in the paperboard and packaging segment is also anticipated, enhancing ITC's return profile post-demerger of its hotels business.

ITC Receives Positive Outlook and Share Allotment - 17 Sep, 2024

ITC has allotted shares under its ESOS, while Sharekhan raised its target price to Rs 595, highlighting consistent earnings growth and strong performance in core businesses. The stock is near record highs with a projected 17% upside potential.

ITC Ltd Reports Dividend Yield and Share Details - 16 Sep, 2024

ITC Ltd has achieved a dividend yield of 3%, distributing ₹13.75 per share over the past year, reflecting its stable financial performance.

ITC Ltd Shows Positive Momentum in FMCG Sector - 12 Sep, 2024

ITC Ltd is experiencing positive traction in the FMCG sector, having formed a buying pivot after a bullish breakout. Analysts recommend creating fresh long positions at current levels, anticipating strong performance.

ITC Stock Hits Record High Amid Positive Outlook - 11 Sep, 2024

ITC shares reached a record high of Rs 519.50, driven by strong cigarette revenue growth and positive analyst ratings. Jefferies set a target of Rs 585, while other analysts suggest a target of Rs 550, highlighting a favorable market outlook and dividend yield.

ITC Stock Poised for Upward Movement - 09 Sep, 2024

ITC Ltd is showing a strong base near its 200-day EMA, indicating potential upward movement. Immediate resistance is at Rs 520, with targets of Rs 550 and Rs 570.

ITC Offers Attractive Joining Bonus Options - 06 Sep, 2024

ITC Ltd is providing users with a choice of a ₹40,000 voucher or 25,000 Axis Edge Miles as a joining bonus. Additionally, users who pay the renewal fee can opt for a ₹20,000 voucher or 15,000 Axis Edge Miles.