ITC Limited

Top-nine firms lose Rs 74,193 cr from market valuation

Top-nine firms lose Rs 74,193 cr from market valuationNew Delhi - In-line with a weak stock market, nine of the top-10 most valued Indian companies together lost Rs 74,193 crore from their market valuation last week.

Barring ICICI Bank, rest nine companies, including TCS, ONGC, RIL, ITC and Coal India suffered losses. The market-capitalisation of TCS plunged Rs 17,334.74 crore to Rs 4,92,904.10 crore, taking the steepest hit among the top-10 firms.

RIL's value plummeted by Rs 13,978.9 crore to Rs 3,16,421.99 crore, while that of ONGC tanked Rs 12,533.79 crore to Rs 3,30,455.81 crore.

ITC enjoys 21.46% rise quarterly net profit

ITC enjoys 21.46% rise quarterly net profitDiversified conglomerate ITC On Friday reported better-than-expected rise in net profit for the second quarter of current fiscal, but failed to meet analysts' expectations in terms of sales.

ITC announced that its net sales jumped 8.81 per cent to Rs 7,775.79 crore in the July to September quarter of current fiscal year. In the corresponding quarter of last fiscal, the company's net sales were recorded at Rs 7,146 crore.

ITC's net profit rise 19.5% to Rs. 1,928 crore

ITC's net profit rise 19.5% to Rs. 1,928 croreIndia's biggest cigarette maker, ITC has said that its net profit has risen 19.5 per cent to Rs. 1,928 crore during the fourth quarter of the financial year 2012-2013.

The company, which has a strong presence in the FMCG market and hostel industry in India, had recorded a net profit of Rs. 1,614 crore during the fourth quarter of the financial year 2011-2012. The company's cigarettes business has been growing strong over the years and some analysts believe that the company will be able to maintain 16-18 per cent operating growth in business.

ITC reports 19.4% growth in Q4 net profit

ITC reports 19.4% growth in Q4 net profit Beating street expectations, India's leading cigarettes firm ITC Ltd on Friday announced a year-on-year increase of more than 19 per cent in its quarterly net profit.

ITC announced that its net profit grew 19.4 per cent to Rs 1,927 crore in the three months ended March 2013, from Rs 1,614.36 crore in the corresponding three months of the previous year.

In spite of gestation costs to its new FMCG business and investment in areas like paper and packaging and hotels; the company enjoyed growth in all segments.

ITC fourth quarter net jumps 19.4 percent

ITCNew Delhi, May 17 : Conglomerate ITC's fourth quarter (January to March) 2012-13 net jumped by 19.4 percent.

It posted a net profit of Rs. 1,927.98 crore for the quarter ended March 31, 2013 as compared to Rs. 1,614.36 crore for the quarter ended March 31, 2012.

Total Income has increased from Rs. 7,145.44 crore for the quarter ended March 31, 2012 to Rs. 8,511.38 crore for the quarter ended March 31, 2013. (IANS)

ITC enjoys all round growth across various business segments

ITC-LtdITC Ltd enjoyed an increase of 21 per cent in its net profit in the quarter ended December 31, 2012, thanks to an all round growth across the FMCG giant's various business segments.

Strong performance in cigarette, non-cigarette as well as agri-business segments pushed the company's net profit to Rs 2,052 crore in the three months through December, from Rs 1,701 crore in the corresponding period of the previous year.

Net sales jumped 23 per cent year-on-year, from Rs 6,195 crore to Rs 7,627 crore; while profits, on a sequential basis, jumped 12 per cent from Rs 1,836 crore in the three months ended September 30, 2012.

HBR releases 100 best CEOs list, includes eight Indians

YC-DeveshwarThe Harvard Business Review (HBR) has released its list of 100 global chief executives worldwide and it includes eight Indian CEOs.

ITC's YC Deveshwar and late Subir Raha of ONGC were included among the top 20 CEOs in the world. Other Indian finding a place in the list were Subir Raha of ONGC, at 13th place, of Reliance Industries' Mukesh Ambani at 28th rank, Larsen & Toubro's AM Naik was ranked 32nd, followed by BHEL's AK Puri at 38, Bharti Airtel's Sunil Bharti Mittal at 65, Jindal Steel and Power's Naveen Jindal on 87th postion and Steel Authority of India's VS Jain at 89st position.

ITC Chairman ranked world's seventh best performing CEO

ITC Chairman ranked world's seventh best performing CEOThe January-February 2013 edition of the Harvard Business Review (HBR) has granted ITC Ltd chairman Y C Deveshwar the seventh rank in the list of the world's best performing chief executive officers (CEOs).

The list of "100 Best Performing CEOs in the World," released on Sunday, also showed that Mr. Deveshwar grabbed the first rank among the Indian CEOs.

The HBR put a spotlight on the top CEOs of the world who have created long-term value for their companies.

ITC reports 21% rise in net profits in second quarter

ITC reports 21% rise in net profits in second quarterIndian conglomerate, ITC Ltd has reported an increase of 21.27 per cent in net profits to Rs 1,836.42 crore for the second quarter till 30 September, 2012.

ITC had recorded a a net profit of Rs 1,514.31 crore during the same quarter of the previous financial year, the company wrote in a filing with the Bombay Stock Exchange (BSE). The net sales of the company rose to Rs 7,146 crore during the second quarter compared to Rs 5,974.18 crore recorded in the second quarter of the previous year.

Indian Markets Slides after Initial Gains; Tata Power, DLF Decline

Indian Markets Slides after Initial Gains; Tata Power, DLF DeclineIndian Stock Markets opened positive on Friday but lost ground in afternoon session. The NSE Nifty was in negative zone at 13.52 IST. Asian markets closed positive with Nikkei 225 and Hang Seng closing the session with gain of 0.75 per cent.

The US markets closed positive, on Thursday. Dow Jones touched intraday high of 13269, less than 100 points from 52-week high. European markets have opened positive with DAX, FTSE and CAC showing marginal gains during the early session.

CRISIL Report Reduces India GDP Growth Target to 5.5%

CRISIL Report Reduces India GDP Growth Target to 5.5%CRISIL Research has cut India GDP growth forecast to 5.5 per cent for 2012-13 based on lower foreign investment inflows to the country. The report has reduced the estimates from earlier 6.5% GDP growth.

CRISIL report also expects the WPI inflation to remain higher at 8 per cent. Indian economy is already struggling lower growth. The policy in-action of UPA government will result in lower foreign investment and can reduce growth in various sectors.

Indian Stock Market Remains Marginally Higher During Afternoon Trade

Indian Stock Market Remains Marginally Higher During Afternoon TradeIndian Stock Market opened positive on Tuesday and has stayed in positive territory for most part of the trading session except for a decline at 2 pm IST. All the Asian markets closed in positive zone. Hang Seng was up by 294 points. The European markets have opened positive.

Heavyweight counters in Indian market including Reliance, ITC and BHEL dragged the indices down. Reliance was down by 0.4% after touching intraday high of Rs 742. ITC was trading at 246.5, down by 1.4%. TCS was down by nearly two per cent.

ITC reports 26 percent rise in quarterly profit

ITC reports 26 percent rise in quarterly profitIndia's largest cigarette maker, ITC has reported a 26 per cent rise in profits during the fourth quarter till March 2012 mainly due to higher prices and strong performance of its food and agricultural business.

The company's net profit increased 16.14 billion rupees in the fourth quarter of the fiscal year till March 2012. It had reported a net profit of 12.8 billion rupees a year earlier. Market analysts were expecting the company to report a net profit of 15.7 billion rupees, according to Thomson Reuters I/B/E/S.

ITC Q4 Profit Zooms 24%

ITC Q4 Profit Zooms 24%ITC closed the fourth quarterly period of 2011-12 with an increase of 26% in its post-tax profit that remained at Rs 1,614.4 crore on a net income of Rs 6,861 crore that remained 17.6% up as against the corresponding period of the last year.

The company stated that its performance was driven by the healthy recital in the non-cigarette section.

Broadening its operations aggressively over the past few years, particularly in the FMCG space, the company now has presence in hotels, paper and paperboards, personal care as well as agriculture biz.

ITC reports 21.5 per cent year increase in net profit

ITC reports 21.5 per cent year increase in net profitITC Ltd has reported an increase of 21.5 per in net profit to Rs 1,514.31 crore in the second quarter of the financial year banked by strong sales of products and decreased losses in the other FMCG business.

The net turnover was up 17.5 per cent at Rs 5,974 crore for the quarter against Rs 5,083 crore due to strong performance in cigarettes, branded packaged foods, education and stationery products and agricultural businesses.

Swung Between Gains and Losses; Hero Honda Falls, ITC Advances

Swung Between Gains and Losses; Hero Honda Falls, ITC AdvancesWith the booming of ITC Ltd., the Hero Honda Motors Ltd. have found to decline and this has made India’s benchmark stock index swung between advances and losses.

Hero Honda which is known as the India’s biggest motorcycle maker today has reported to slide for the sixth day and that too before its earnings.

At the same time, the Drug maker Biocon Ltd. (BIOS) and Exide Industries Ltd. (EXID), which is a battery maker, by missing their targeted earnings, also met a downfall.

ITC agrees with Apple on HTC suit

ITC agrees with Apple on HTC suitThe U. S. International Trade Commission has said in an initial ruling that HTC had violated two patents belonging to Apple.

Apple alleges that HTC’s phones are using features that are patented by the company and are offered on its iPhone smartphone. The ITC administrative law judge said in the initial judgment that HTC infringed upon two of 10 patents Apple had filed a complaint over in March 2010, according to HTC.

Bharti Airtel, Hindalco, ITC, L&T Up, Sensex Crossed 19,000 Milestone

SensexPost-opening at 18,776, the BSE Sensex reached many different levels during the entire day. Earlier, the figure touched a day's high of 19,045 and even a day's low of 18,767 but at 3.05 p. m. (IST), the BSE Sensex showed the maximum up thereby reaching to the figure of 19,041 i. e. 314 points, up from its last close, reason behind being the constant buying binge in the index heavyweights.

According to the reports, the constancy has further lifted the main Indian equity benchmarks past key psychological levels in mid-afternoon trade. Also, the reports showed that the BSE Sensex easily crossed the 19,000 milestone whereas the NSE Nifty surpassed the 5,700 mark.

Hold ITC With Stop Loss Of Rs 163

Hold ITC With Stop Loss Of Rs 163Technical analyst PK Agarwal of Purpleline Investment is bullish on ITC Limited and has maintained 'hold' rating on the stock to attain a target of Rs 180.

Mr. Agarwal said that the stock can be purchased with a stop loss of Rs 163.

Today, the stock of the company opened at Rs 168.85 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 184.70 and a low of Rs 128.50 on BSE.

Current EPS & P/E ratio stood at 6.17 and 27.57 respectively.

Buy ITC With Intra Day Target Of Rs 162

Buy ITC With Intra Day Target Of Rs 162Technical analyst Anil Singhvi has maintained 'buy' rating on ITC Limited stock with an intra-day target of Rs 162.

According to analyst, the stock can be purchased with a stop loss of Rs 150.

The stock of the company, on February 09, marked its closure at Rs 153.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 184.70 and a low of Rs 116.62 on BSE.

Current EPS & P/E ratio stood at 6.17 and 25.59 respectively.




Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate


Syndicate content