Why is ITC trading so low?

ITC share price today slumped around 5 per cent after the news break of Government of India forming committee for finalising taxation policy for tobacco. The stock hit an intraday low of ₹248.70 on the NSE in early deals.

Why is ITC rallying?

“This rally can be attributed to the stock specific trade strategy of the market investors who are putting money in the quality stocks available at discounted price. But the stock hasn’t been able to sustain at highs. It has remained range-bound between ₹200 to ₹240 for the last 10 months.

Why did ITC fall in 2019?

Here is all you need to know. Shares of consumer goods giant ITC fell over 2 per cent on Wednesday after the company reported weaker net profit for the March (Q4FY21) quarter. The FMCG, cigarette and hotel major reported a year-on-year net profit of Rs 3,748.41 crore for the March quarter on Tuesday.

What is the target of ITC?

NSE -2.72 \% with a target price of Rs 272. The current market price of ITC Ltd. is Rs 231.9 Time period given by analyst is one year when ITC Ltd.

Does ITC give dividend?

ITC Ltd. For the year ending March 2021 ITC has declared an equity dividend of 1075.00\% amounting to Rs 10.75 per share. At the current share price of Rs 218.00 this results in a dividend yield of 4.93\%. The company has a good dividend track report and has consistently declared dividends for the last 5 years.

Why ITC is increasing today?

The Covid crisis helped the company to increase its presence in this space — especially in the hygiene segment. A slew of launches took place in the first half of FY 21. While some products from hygiene have seen a slowdown in recent months as pandemic slowed down.

Why ITC is not moving Quora?

1. The tax has been hiked by the government in this union budget. 2. After union budget tax hiked many of the major broking houses have reduced their target on ITC.

Why ITC share is stagnant?

As more and more investors and funds focus on sustainable business model, experts attribute ITC’s high exposure to ciggerate business a key reason for stagnant performance of its share price. This business also has the tendency to pull down the overall performance of the company.

Why did Irctc fall today?

The share price of Indian Railway Catering and Tourism Corporation (IRCTC) declined over 5 percent on Friday amid a sharp fall in overall equity market on renewed fear over a new COVID-19 variant. After opening lower at Rs 846.35, the IRCTC stock price hit the day’s low of Rs 820.10 on the Bombay Stock Exchange (BSE).

Is ITC giving dividend in 2021?

Final Dividend for the financial year ended 31st March, 2021 The said Final Dividend is in addition to Interim Dividend of Rs. 5.00 per share declared by the Board of Directors of the Company on 11th February, 2021 and paid to the Members on 10th March, 2021.

How is the business of ITC in the FMCG category?

The contribution of these markets has been increasing for ITC and account for l/3rd of the business in the FMCG category for ITC. ITC entered the education and stationery business in the premium segment in 2002 and in the popular segment in 2003. Classmate became the largest Notebook brand in the country in 2007.

Is ITC a trailblazer in the FMCG space?

A multi-business conglomerate, ITC has climbed its way to the top posing a challenge to established FMCG players. It has been a trailblazer which has achieved significant mile-stones in its long journey.

Is ITC the fastest growing FMCG company in India?

ITC, the Kolkata based conglomerate is a force to reckon with especially in the FMCG sector. Its new FMCG businesses have crossed Rs 7,000 crore. This growth has been rated by a Nielsen Report to be the fastest among the consumer goods companies operating in India.

Is ITC a good brand to invest in?

Today, ITC is firmly established as a fast growing FMCG brand that has a significant market share which is on a growth path. It is able to come up with game-changing innovation, and has the distribution capabilities to reach out to its target group of consumers. It is able to match the evolving tastes of consumers and has stood thetest of time.