Shares of ITC Ltd dipped 3 per cent to Rs 209.35 on the BSE in intra-day trade on Wednesday, after the company reported in-line results for the March quarter, although, analysts remained cautious on the cigarettes and hotels businesses in the medium-term.

• India Successfully Flight Tests Surface-to-air Missile
• Arkade Developers Ltd IPO GMP, Open/Close Date, Lot Size, and Price
• HCL Tech Completes Acquisition of Paris-based Zeenea
• SpaceX Made History with the First-Ever Civilian Spacewalk
• India’s Economic Relationship with China “Unfair”, Lacking Balance: Jaishankar

In March 2021 quarter (Q4FY21), ITC’s consolidated revenues grew 24 per cent year-on-year (YoY) to Rs 14,157 crore, led by a 14.2 per cent growth in the cigarettes business, 15.8 per cent growth in the fast-moving consumer goods (FMCG) business and 13.5 per cent growth in the paperboard business.

Stock Covered in the news

ITC Ltd-View Detailed Analysis